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Swiss National Bank: Policy rate seen on prolonged hold – Nomura
Nomura’s Anderson, Buckley and Szczepaniak expect the Swiss National Bank (SNB) to keep its 0.00% policy rate unchanged for the foreseeable future, with inflation below 1% and the neutral rate estimated at around 0%.
United States ADP Employment Change 4-week average: 12K (August 15) vs 11.75K
United States ADP Employment Change 4-week average: 12K (August 15) vs 11.75K
Japanese Yen: Peak view holds as policy shifts loom – DBS
DBS Group Research strategist Chang Wei Liang reiterates that USD/JPY has likely peaked for this cycle, with the pair retreating toward 153 as the Japanese Yen (JPY) leads G10 and Asian currencies.
EUR/GBP Price Forecast: Upside remains capped near 0.8600 as ECB decision looms
EUR/GBP trades in a narrow range on Wednesday as buyers struggle to extend Tuesday’s rebound. The 100-period Simple Moving Average (SMA) at 0.8599 limits the immediate upside, although momentum indicators retain a modest bullish bias.
Mexico Headline Inflation below expectations (0.25%) in August: Actual (0.2%)
Mexico Headline Inflation below expectations (0.25%) in August: Actual (0.2%)
Mexico Core Inflation registered at 0.16%, below expectations (0.2%) in August
Mexico Core Inflation registered at 0.16%, below expectations (0.2%) in August
Mexico 12-Month Inflation came in at 3.26% below forecasts (3.3%) in August
Mexico 12-Month Inflation came in at 3.26% below forecasts (3.3%) in August
Polish Zloty: Hawkish pricing seen at risk of correction against Euro – ING
ING’s Frantisek Taborsky expects the Polish central bank to keep rates at 3.75% as Middle East tensions and higher Oil prices limit easing scope. Markets now price around 80bp of tightening, similar to the Czech Republic, but the NBP is less hawkish.
New Zealand Dollar extends losses below 0.5850 as Oil prices approach the $100 level
The New Zealand Dollar trades lower against the US Dollar (USD) for the third consecutive day on Wednesday, extending losses below 0.5850 to test four-week lows at the 0.5835 area.
British Pound remains under pressure against Japanese Yen amid hawkish BoJ bets
The British Pound (GBP) trades 0.3% lower at around 207.80 against the Japanese Yen (JPY) during the European trading session on Wednesday.
Japanese Yen gains against US Dollar as markets brace for a more aggressive BoJ
USD/JPY declines 0.39% on Wednesday and trades around 153.40 at the time of writing. The Japanese Yen (JPY) benefits from renewed demand as investors increase their bets on further monetary tightening by the Bank of Japan (BoJ).
Swedish Krona: Riksbank seen keeping hike option – Commerzbank
Commerzbank’s Antje Praefcke argues that despite currently low Swedish inflation readings, the Riksbank is likely to maintain its guidance that the policy rate could rise by year-end.
Norges Bank: One more hike then gradual cuts – Nomura
Nomura’s analysts see Norges Bank delivering another rate hike in November as inflation remains sticky, before a 25 bp cut next year and further reductions beyond 2027 towards 3.50%.