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Canadian Dollar dips as Oil slump, dovish BoC outlook underpin USD
USD/CAD gains 0.27% on Tuesday and trades around 1.4070 at the time of writing, supported by weakness in the Canadian Dollar (CAD).
Bank of Canada: Slack delays hikes despite crude shock – NBC
National Bank of Canada's Ethan Currie notes that while oil-driven inflation risks have increased, the Bank of Canada is likely to remain on hold in October as domestic slack and trade uncertainty continue to weigh on the economic outlook.
United States: September inflation profile – TD Securities
TD Securities economists Oscar Munoz and Eli Nir provide an early projection for United States (US) September Consumer Price Index (CPI , expecting Headline CPI to rise 0.54% m/m, driven mainly by an almost 8% jump in gasoline and firmer food prices.
Canadian Dollar: USD strength keeps CAD weakness in focus - Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note that the Canadian Dollar (CAD) is largely unchanged, with Governor Macklem’s comments leaving the Bank of Canada (BoC) outlook broadly consistent with the latest policy statement.
Fed’s Collins: More restrictive policy should help inflation return to 2%
Boston Federal Reserve (Fed) President Susan Collins said in a LinkedIn post on Tuesday that she supported last week’s interest-rate hike and sees a somewhat more restrictive policy stance as appropriate to bring inflation sustainably back to the Fed's 2% target.
Euro remains cautious as Middle East headlines, Fed outlook drive sentiment
EUR/USD is little changed on Tuesday as the US Dollar (USD) gives back earlier gains following fresh diplomatic signals surrounding the war between the United States (US) and Iran.
Eurozone Consumer Confidence below expectations (-16) in September: Actual (-16.5)
Eurozone Consumer Confidence below expectations (-16) in September: Actual (-16.5)
Eurozone Consumer Confidence below expectations (-16) in September: Actual (-16.52)
Eurozone Consumer Confidence below expectations (-16) in September: Actual (-16.52)
United States Richmond Fed Manufacturing Index below expectations (5) in September: Actual (-2)
United States Richmond Fed Manufacturing Index below expectations (5) in September: Actual (-2)
India: Growth, liquidity and policy response – DBS
DBS Group Research economist Radhika Rao assesses India’s strong start to FY27, with high-frequency data pointing to around 7% growth in 2QFY and full-year FY27 growth of 7.3% year-on-year.
Bank of England: Modest insurance tightening path – Deutsche Bank
Deutsche Bank Research’s UK economists Sanjay Raja and Maui Brennan have shifted their BoE base case from no hikes to two 25bp moves, in November and February. They argue Bank Rate is already restrictive, inflation is largely energy-driven, and second‑round effects remain limited.
United States Redbook Index (YoY): 7.6% (September 18) vs previous 8.5%
United States Redbook Index (YoY): 7.6% (September 18) vs previous 8.5%
Japanese Yen: Turning point with BoJ shift – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong argue that intervention risks and a more hawkish Bank of Japan (BoJ) are key for the Japanese Yen (JPY).