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Germany IFO – Current Assessment above forecasts (89) in September: Actual (89.5)
Germany IFO – Current Assessment above forecasts (89) in September: Actual (89.5)
Norway Norges Bank Interest Rate Decision in line with forecasts (4.5%)
Norway Norges Bank Interest Rate Decision in line with forecasts (4.5%)
Germany IFO – Business Climate above expectations (89) in September: Actual (89.9)
Germany IFO – Business Climate above expectations (89) in September: Actual (89.9)
0.7000: Key support zone for Australian Dollar ahead of Trump-Xi meeting
The Australian Dollar (AUD) recovers a majority of its early losses against the US Dollar (USD) on Thursday. In early European session, the AUD/USD pair is marginally down to near 0.7035.
Japanese Yen: Volatility watch over autumn holidays – MUFG
MUFG’s Teppei Ino reviews recent USD/JPY price action, noting the pair opened near 153.41 before US Dollar (USD) buying ahead of the Federal Open Market Committee (FOMC) and Bank of Japan (BoJ) meetings lifted it above 157.50.
Forex Today: US Dollar stands tall as focus remains on central bank commentary
Here is what you need to know on Thursday, September 24:
New Zealand Dollar gains as US Dollar declines despite hawkish Fed tone
NZD/USD inches higher after posting modest losses in the previous day, trading around 0.5680 during European hours on Thursday. The pair is appreciating as the New Zealand Dollar gains momentum, driven by growing expectations of further monetary tightening by the Reserve Bank of New Zealand.
Swiss National Bank leaves interest rates unchanged at 0%
Swiss National Bank (SNB) leaves its key policy rates unchanged at 0%, as expected by market particiapnts.
CEE FX: Global headwinds pressure currencies – ING
ING’s EMEA FX & FI Strategist Frantisek Taborsky highlights that stronger regional hawkish repricing has not prevented rate differentials from narrowing or staying flat, leaving Central and Eastern European (CEE) currencies vulnerable as the Dollar rallies and global energy prices rebound.
Sweden Riksbank Interest Rate Decision meets forecasts (1.75%)
Sweden Riksbank Interest Rate Decision meets forecasts (1.75%)
Switzerland SNB Interest Rate Decision in line with forecasts (0%)
Switzerland SNB Interest Rate Decision in line with forecasts (0%)
Euro remains depressed amid strong US macroeconomic data and higher Oil prices
The Euro (EUR) licks its wounds against the US Dollar (USD) on Thursday, trading around 1.1380, near the lowest level of the last two months, after falling nearly 2% in less than two weeks.
Swedish Krona: Riksbank seen holding but keeping hike option – Commerzbank
Commerzbank’s Antje Praefcke expects the Riksbank to leave its policy rate at 1.75% while continuing to signal a possible hike by year-end. Despite very low current inflation, projections show price pressures rising again as temporary tax cuts expire and energy prices stay high.