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New Zealand Dollar remains under pressure, RBNZ rate hike bets cushion losses
NZD/USD trades around 0.5655 at the time of writing on Thursday, down 0.30% on the day. However, the pair limits its losses as the New Zealand Dollar (NZD) benefits from a sharp increase in expectations of further monetary tightening by the Reserve Bank of New Zealand (RBNZ).
United States 4-Week Bill Auction increased to 3.85% from previous 3.82%
United States 4-Week Bill Auction increased to 3.85% from previous 3.82%
Europe: Rightward risks build â Standard Chartered
Standard Chartered argues that Europeâs political balance could shift to the right in 2027, with key elections in France, Spain, Italy and Poland. The bank highlights Franceâs presidential race as most critical, warning an RN victory would be market negative.
Canadian Dollar falls to two-month low as higher US yields outweigh Oil support
USD/CAD extends its advance on Thursday, climbing to its highest level since mid-July. The pair has posted only one daily decline over the past 12 trading days, reflecting the diverging monetary policy outlooks of the Federal Reserve (Fed) and the Bank of Canada (BoC).
Germany: Resilient but modest recovery â Commerzbank
Commerzbankâs Chief Economist Dr. Jörg KrĂ€mer notes that leading indicators such as the Ifo business climate index and PMIs have surprised to the upside, showing the German economyâs resilience to high energy prices and the Iran War.
Xi pitches cooperation, friendship, and fairness amid overhanging trade war truce
China's paramount leader Xi Jinping's remarks at the White House ran to 21 lines on the wires, covering friendship, artificial intelligence (AI), counter-narcotics work and fair treatment for Chinese firms, and none of them mentioned tariffs.
United States: Bifurcated revival with advanced sectors â ING
INGâs James Knightley and Coco Zhang argue that US manufacturing is finally reviving after years of stagnation, helped by reshoring narratives, AI-driven investment and defence spending.
United States Kansas Fed Manufacturing Activity up to 20 in September from previous 17
United States Kansas Fed Manufacturing Activity up to 20 in September from previous 17
Fed's Paulson warns more hikes possible as inflation fight hardens
Philadelphia Federal Reserve (Fed) President Anna Paulson crossed the wires on Thursday, signaling that further rate hikes may be needed to lower inflation. She acknowledged that the rate hike in September helped to âmove policy to a better inflation-fighting posture.â
United States EIA Natural Gas Storage Change meets forecasts (53B) in September 18
United States EIA Natural Gas Storage Change meets forecasts (53B) in September 18
Australian Dollar remains under pressure despite stronger-than-expected jobs data
AUD/USD trims its losses on Thursday and trades around 0.7030 at the time of writing, down 0.15% on the day.
âYou canât wait too longâ: BoEâs Breeden warns on rate hikes amid energy shock
Bank of England (BoE) Deputy Governor Sarah Breeden said on Thursday that it is ânot at all obviousâ that there is a path toward lower energy prices, according to Reuters.
United States New Home Sales (MoM) came in at 0.684M, above expectations (0.62M) in August
United States New Home Sales (MoM) came in at 0.684M, above expectations (0.62M) in August