Market News
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Australian Dollar: Hawkish RBA hike expectations – ING
ING’s Francesco Pesole expects the Reserve Bank of Australia to deliver a 25bp rate hike to 4.60%, with Governor Bullock likely leaving the door open for further tightening. Persistent inflation concerns, tight labour markets and resilient growth underpin this view.
USD/CAD Price Forecast: Holds gains above 1.4150, while technicals flag overbought risk
The USD/CAD pair trades in positive territory near 1.4155 during the early European trading hours on Monday. The US Dollar (USD) edges higher against the Canadian Dollar (CAD) as hawkish Federal Reserve (Fed) expectations build.
Indonesian Rupiah: Rate support erodes as outflows resume – MUFG
MUFG’s Lloyd Chan warns that the Indonesian Rupiah remains exposed as US yield increases erode Indonesia’s rate support.
Forex Today: Gold slumps below $4,200 on hawkish Fed outlook, Mideast tensions
Here is what you need to know on Monday, September 28:
Silver Price Forecast: XAG/USD falls like house of cards on Fed’s hawkish narrative
Silver price (XAG/USD) is down 4.3% to near $61.50 during the European trading session on Monday. The white metal nosedives as elevated United States (US) Treasury Yields have diminished its appeal.
Euro: Rate uncertainty and energy costs weigh – HSBC
HSBC sees the Euro facing mounting headwinds from both monetary policy and energy markets.
Japanese Yen nudges lower despite a hawkish BoJ, intervention warnings
The Japanese Yen (JPY) is trimming gains from Friday’s rebound against the US Dollar (USD) on Monday.
USD/JPY: Weekly review highlights Dollar strength – MUFG
MUFG’s Teppei Ino reviews USD/JPY price action over Japan’s extended holiday week. The pair opened near 157 and traded in a broad 156–159 range as Dollar strength persisted and expectations of a possible earlier Federal Reserve rate hike supported gains.
India rates: Spreads seen narrowing further – DBS
DBS Group Research strategist Sherilyn Chew contrasts India’s domestic backdrop with Indonesia, arguing India is deeper into a tightening phase. Markets are pricing a possible Reserve Bank of India (RBI) hike in October, with liquidity surplus falling after RBI draining measures.
US Dollar: Cyclical support and energy resilience – HSBC
HSBC’s FX Viewpoint argues the broad US Dollar is likely to strengthen modestly in the near term as cyclical, political and structural forces turn more supportive.
WTI rises above $93.00 after Trump rejects Iran peace deal
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.05 during the early Asian trading hours on Monday. WTI rises following US President Donald Trump’s rejection of an Iranian peace deal.
Sweden Trade Balance (MoM) came in at -11.9B below forecasts (0B) in August
Sweden Trade Balance (MoM) came in at -11.9B below forecasts (0B) in August
Norway Retail Sales increased to 0.6% in August from previous -0.7%
Norway Retail Sales increased to 0.6% in August from previous -0.7%