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Vietnamese Dong: Constructive but upside constrained – Commerzbank
Commerzbank’s Asia FX team highlights a constructive near-term outlook for the Vietnamese Dong (VND), supported by strong Foreign Direct Investment (FDI) inflows and robust growth. USD/VND stayed around 25,994, below its July peak, leaving VND about 1.2% stronger year-to-date.
South Korean Won: Upside risks with key levels in focus against US Dollar – OCBC
Christopher Wong at OCBC Bank notes that USD/KRW continues to trade heavy as exporter US Dollar (USD) selling and a softer external backdrop support the Korean Won (KRW), even as foreign equity outflows cap gains.
United States Consumer Credit Change below forecasts ($15B) in August: Actual ($8.28B)
United States Consumer Credit Change below forecasts ($15B) in August: Actual ($8.28B)
Thai Baht: Inflation rise and THB downside risks – Commerzbank
Commerzbank economists note Thailand’s September CPI rose 2.8% year-on-year, below consensus but the highest since April, bringing headline inflation close to the upper end of the Bank of Thailand’s target range. They expect headline inflation to rise further on persistent supply-side pressures, yet see demand-side forces as benign. USD/THB fell to 33.62, though downside risks to the Baht remain elevated.
Argentina Industrial Output n.s.a (YoY): -3.2% (August) vs -4.9%
Argentina Industrial Output n.s.a (YoY): -3.2% (August) vs -4.9%
China: Targeted stimulus supports growth – Societe Generale
Societe Generale strategist Michelle Lam analyzes recent Chinese policy moves, noting that new property and monetary easing should keep growth on track and help China meet its Gross Domestic Product (GDP) target at the lower end of the range.
Thailand: BoT policy risks balanced – Standard Chartered
Standard Chartered economist Tim Leelahaphan expects the Bank of Thailand (BoT) to keep its policy rate at 1.0% through 2026 and 2027, with the BoT prioritising economic growth over inflation. He highlights asymmetric risks around this on-hold call, noting that any hikes would likely be gradual while cuts could be faster if domestic growth slows sharply.
British Pound buckles as 30-year Gilts top 6%, US yields soar
The Pound Sterling (GBP) dives over 0.48% against the US Dollar (USD) on Wednesday as US Treasury yields hit a 24-year high, boosting the Greenback’s appeal, while traders await the release of the Federal Reserve’s (Fed) last meeting minutes.
United States 10-Year Note Auction rose from previous 4.834%Â to 5.3%
United States 10-Year Note Auction rose from previous 4.834%Â to 5.3%
USD/JPY Price Forecast: Pair consolidates below key moving averages
USD/JPY trades in a narrow range on Wednesday, with the Japanese Yen (JPY) holding a slight advantage over the US Dollar (USD) as traders assess hawkish Bank of Japan (BoJ) signals. Intervention risks near the 160.00 level also keep traders cautious.
NY Fed September survey shows households bracing for higher prices
The New York Fed's September Survey of Consumer Expectations showed that American households expect short-term inflation to rise, while in the long term, they expect prices to cool but remain above the Federal Reserve’s 2% goal.
Vietnam: Strong GDP but rising inflation risks – Commerzbank
Commerzbank Research highlights Vietnam’s Q3 GDP growth at 10.0% year-on-year, the strongest since the pandemic, driven by investment and industry. Achieving the government’s 10% full-year target would require an unusually strong Q4.
Euro struggles as French fiscal risks, strong US Dollar weigh ahead of Fed Minutes
EUR/USD extends its decline on Wednesday as the Euro (EUR) remains under broad selling pressure, while the US Dollar (USD) strengthens alongside surging US Treasury yields. At the time of writing, the pair trades around 1.1195, down 0.57% on the day, hovering near its lowest level in 17 months.