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Canadian Dollar nears 18-month lows as risk aversion buoys the US Dollar
The Canadian Dollar (CAD) posts marginal losses on Thursday with the safe-haven US Dollar (USD) favoured by the risk-averse mood, as tensions in the Middle East boost Crude prices and the global bond selloff extends.
United Kingdom: GDP momentum seen slowing – Deutsche Bank
Deutsche Bank Research, led by Chief UK Economist Sanjay Raja and economist Maui Brennan, nowcasts UK GDP flat in August 2026 after a strong July. They expect services to rise slightly, with declines in production and construction.
Mexico 12-Month Inflation below expectations (3.47%) in September: Actual (3.45%)
Mexico 12-Month Inflation below expectations (3.47%) in September: Actual (3.45%)
Mexico Headline Inflation came in at 0.42% below forecasts (0.43%) in September
Mexico Headline Inflation came in at 0.42% below forecasts (0.43%) in September
Mexico Core Inflation below expectations (0.24%) in September: Actual (0.2%)
Mexico Core Inflation below expectations (0.24%) in September: Actual (0.2%)
ECB Accounts: Upside risks surrounding inflation outlook
The accounts of the European Central Bank's (ECB) September policy meeting showed that all members viewed the risks surrounding the inflation outlook as being to the upside, as reported by Reuters.
ECB officials agree: Eurozone is still saved from second-round inflation effects
The Euro (EUR) is down 0.16% to near 1.1178 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair faces selling pressure as the US Dollar outperforms due to surging United States (US) bond yields.
Romanian Leu: Policy on hold as politics weigh – Societe Generale
Societe Generale expects no change from the NBR, keeping the policy rate at 6.50% as political deadlock in Bucharest and Romanian Leu weakness offset the sharp fall in inflation. The bank notes Headline CPI has dropped markedly on base effects. It highlights ongoing government formation uncertainty and warns that prolonged turmoil could jeopardize Romania’s Investment Grade rating.
Polish Zloty: Dovish hold with limited tightening – ING
ING economists Rafal Benecki and Adam Antoniak note that the National Bank of Poland kept its reference rate at 3.75% in October, as expected, with inflation driven mainly by fuel prices.
British Pound: Euro weakness drives Sterling gains - MUFG
Lee Hardman at MUFG highlights that the Pound has rallied sharply against the Euro as Euro-zone fiscal concerns intensify, driving EUR/GBP to fresh year-to-date lows.
Euro: ECB Account seen reinforcing hike case – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that EUR/USD trades heavy below 1.1200 ahead of the ECB Account release. Above-target Eurozone inflation and a firmer growth outlook give the ECB scope for further tightening, limiting divergence with the Fed.
Chile Core Consumer Price Index (Inflation) (MoM) dipped from previous 0.4%Â to 0.1% in September
Chile Core Consumer Price Index (Inflation) (MoM) dipped from previous 0.4%Â to 0.1% in September
South Africa Manufacturing Production Index (YoY) declined to -4.3% in August from previous 1.1%
South Africa Manufacturing Production Index (YoY) declined to -4.3% in August from previous 1.1%