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India's GDP surged to 7.8% and growth forecasts are climbing: Why the Reserve Bank of India now faces 75bp of hikes
India’s macroeconomic outlook has strengthened following a sharp Q1-FY27 Gross Domestic Product (GDP) print of 7.8%, prompting financial institutions to upgrade both medium-term growth projections and interest rate expectations.
Euro tests two-week lows as risk aversion, Fed tightening bets buoy the US DollarÂ
The Euro (EUR) is trading lower against the US Dollar (USD) for the second consecutive day on Wednesday, weighed by risk aversion amid growing tensions in the Middle East, while rising bets of Federal Reserve (Fed) interest rate hikes support speculative demand for the US Dollar.
GBP/USD Price Forecast: Likely fall further towards 1.3420
The British Pound (GBP) is down 0.1% to near 1.3500 against the US Dollar (USD) during the European trading session on Wednesday.
USD/CAD Price Forecast: Eyes 50-day EMA after breaking above confluence around 1.3900
USD/CAD extends its gains for the second consecutive day. trading around 1.3940 during the European hours on Wednesday. The technical analysis of the daily chart indicates the pair is positioned above the descending channel top, signalling a bullish reversal.
Canadian Dollar: BoC hold leaves risk of further losses against US Dollar - ING
ING’s Francesco Pesole expects the Bank of Canada to keep rates on hold at 2.25%, seeing very low risk of a surprise hike despite firmer headline Consumer Price Index (CPI) and solid growth.
Australian Dollar extends decline on firm Fed interest rate hike bets
The Australian Dollar (AUD) falls further against the US Dollar (USD) on Wednesday, trading 0.1% lower at around 0.7135 during the European trading session.
Japanese Yen: Yen supported by BoJ hike pricing – MUFG
MUFG’s Lee Hardman notes that the Japanese Yen (JPY) has strengthened as markets fully price a 25bps Bank of Japan (BoJ) rate hike at the 18th September meeting, helped by hawkish comments from Governor Ueda and board member Takata.
Euro: ECB guidance may trigger asymmetric downside risks - Commerzbank
Commerzbank’s Antje Praefcke notes that markets are fully pricing an European Central Bank (ECB) rate hike next week after Euro Area inflation rose to 3.3%, but she doubts further tightening beyond September as projections show inflation declining into 2027.
Italy Producer Price Index (YoY) climbed from previous 5.8% to 7.8% in July
Italy Producer Price Index (YoY) climbed from previous 5.8% to 7.8% in July
Italy Producer Price Index (MoM): 2.4% (July) vs 0%
Italy Producer Price Index (MoM): 2.4% (July) vs 0%
Brazil Fipe's IPC Inflation climbed from previous -0.03% to 0.01% in August
Brazil Fipe's IPC Inflation climbed from previous -0.03% to 0.01% in August
Australian Dollar surges to two-month highs as the RBNZ sinks the New Zealand Dollar
The Aussie Dollar (AUD) rallies nearly 0.9% against an ailing New Zealand Dollar (NZD) on Wednesday, boosted by a combination of investors' disappointment after the Reserve Bank of New Zealand’s (RBNZ) monetary policy decision, and bright Australian Gross Domestic Product (GDP) figures released earl
Indonesian Rupiah declines as US Dollar gains on Fed rate hike bets
USD/IDR extends its gains for the second successive day, trading around 17,810 during the European hours on Wednesday.