Market News
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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.
US Treasury yields hit 24-year highs as 10-year tests 5.35%
US Treasury yields soar on Wednesday, with the 10- and 30-year yields reaching 24-year highs of 5.35% and 5.724%, respectively, suggesting that investors are demanding a higher premium on US debt amid inflation and fiscal policy concerns.
Swiss Franc: Safe haven status versus funding role – Rabobank
Rabobank’s Senior FX Strategist Jane Foley highlights Switzerland’s strong current account and budget positions, credible central bank and governance, and high liquidity as underpinning the Swiss Franc’s safe haven status.
Turkey Treasury Cash Balance below expectations (0B) in September: Actual (-467.2B)
Turkey Treasury Cash Balance below expectations (0B) in September: Actual (-467.2B)
United States EIA Gasoline Stocks Change above forecasts (0M) in October 2: Actual (0.382M)
United States EIA Gasoline Stocks Change above forecasts (0M) in October 2: Actual (0.382M)
Australian Dollar declines as RBA hike bets fade, US yields climb ahead Fed Minutes
AUD/USD falls 0.44% on Wednesday and trades around 0.6950 at the time of writing, snapping a three-day winning streak.
Poland NBP Base rate meets forecasts (3.75%)
Poland NBP Base rate meets forecasts (3.75%)
Canadian Dollar: Political risks weigh against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note USD/CAD around 1.4227 with the Canadian Dollar (CAD) flat versus the US Dollar (USD) but outperforming most G10 peers. CAD retains much of Tuesday’s 0.4% gain, helped by a stronger August trade balance.
Euro: Recovery holds as currency softens – BNY
BNY’s Geoff Yu argues that the Eurozone recovery remains intact even as the Euro (EUR) weakens. Manufacturing PMIs and business surveys in Germany and across Europe point to strengthening demand, while fiscal stress and a softer European Central Bank (ECB) stance weigh on the currency.