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US Dollar: Gradual upside after hawkish Fed hike – HSBC
HSBC’s FX Viewpoint notes that the Federal Reserve’s unanimous 25bp hike and hawkish guidance have reinforced support for the Dollar. The bank highlights that the dots imply at least one more hike in 2026 and potential tightening in 2027, while still below market pricing.
Japanese Yen holds losses below 157.00 US Dollar with intervention fears growing
The Japanese Yen (JPY) opens the week in the same bearish trend observed in the previous one, as it keeps depreciating against the US Dollar (USD) with trading volumes lower, as the Japanese market remains closed for bank holidays.
Euro: Dollar strength seen sustainable – Commerzbank
Commerzbank’s Thu Lan Nguyen notes that EUR/USD has stabilized just below 1.15 after a hawkish Federal Reserve (Fed) meeting, indicating a possible floor.
Greece Current Account (YoY): €0.218B (July) vs €-0.603B
Greece Current Account (YoY): €0.218B (July) vs €-0.603B
British Pound sticks to losses vs firmer USD as Fed-BoE divergence favors bears
The GBP/USD pair struggles to capitalize on Friday's goodish rebound from the 1.1335 area, or its lowest level since July 30, and attracts fresh sellers at the start of a new week.
EUR/JPY Price Forecast: Trades near 180.50 after breaking above nine-day EMA
EUR/JPY extends its gains for the second consecutive day, trading around 180.40 during European hours on Monday. Technical analysis of the daily chart shows the currency cross trading within a descending channel, keeping the overall bearish bias.
Equities: Strong rebound supported by earnings growth – Danske Bank
Danske Research Team reports a strong rebound in global equities, with the S&P 500, Nasdaq, Stoxx 600 and Kospi all posting solid gains despite a recent Fed hike and further tightening priced.
Forex Today: US Dollar consolidates Fed-inspired gains
Here is what you need to know on Monday, September 21:
Oil: Supply risks linger despite recovering Saudi flows - OCBC
OCBC’s Christopher Wong observes that weekend attacks targeting Saudi Arabia have revived supply and geopolitical concerns in Oil markets.
US Dollar Index: Trades firmly near 100.35 ahead of Fed speeches
The US Dollar (USD) reflects strength at the start of the week on prospects of further Federal Reserve (Fed) monetary tightening this year. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, is up 0.15% to near 100.37.
Euro remains capped below 1.1500 amid growing political uncertainty in Germany
The Euro (EUR) consolidates losses against the US Dollar (USD) on Monday, as market concerns about the sharp defeat of German Chancellor Friedrich Merz’s ruling party in state elections in northeastern Germany have offset the positive impact of lower Oil prices.
Silver Price Forecast: XAG/USD falls to near $66.00 amid Middle East tracking
Silver price (XAG/USD) remains subdued after two days of gains, trading around $65.80 per troy ounce during the early European hours on Monday. Non-yielding Silver eased as investors continued to track developments in the Middle East and assess their potential impact on inflation and interest rates.
CEE FX: Rating downgrade adds to regional FX pressure – ING
ING strategist Frantisek Taborsky says Moody’s downgrade of Poland to A3 adds to pressure on CEE assets at the start of a relatively quiet second half of the month.