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British Pound: BoE tightening expectations lend support against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note GBP/USD is steady after reaching a one-week high, with the British Pound (GBP) supported by rising Bank of England (BoE) tightening expectations and sensitivity to higher Oil prices.
Swiss Franc gains ground as Japanese Yen-led weakness grips US Dollar
USD/CHF edges lower on Wednesday as broad weakness in the US Dollar (USD) allows the Swiss Franc (CHF) to regain some ground. At the time of writing, the pair trades around 0.8078, down roughly 0.20% on the day.
Turkish Lira: Disinflation supports gradual TRY repricing – ING
ING analysts Muhammet Mercan, Frantisek Taborsky and James Wilson say normalising liquidity and a lower effective funding rate have pushed market pricing closer to their Central Bank of Turkey rate view for 2026.
Gold: Inflation data key catalyst – TD Securities
TD Securities’ Ryan McKay and Bart Melek say Gold and broader precious metals have held firm despite higher near-term Fed hike probabilities.
Euro: Hawkish ECB hike expected to support EUR against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report EUR/USD is flat in North American trade after touching a one-week high, with fundamentals supported by firmer European Central Bank (ECB) rate expectations on higher Oil prices.
Bank of Japan: Outsized hike risks carry shock – DBS
DBS Group Research economist Ma Tieying expects the Bank of Japan (BoJ) to raise rates by 25bps at its September 17–18 meeting, describing a hike as almost certain given solid Gross Domestic Product (GDP), wage and inflation data.
Brazilian Real: Narrowing polls support BRL against US Dollar– ING
ING’s Chris Turner notes USD/BRL is drifting towards 5.05/5.07 as election polls show challenger Flavio Bolsonaro overtaking President Lula in a run-off, with prediction markets still favoring Lula but by a shrinking margin.
Poland NBP Base rate in line with expectations (3.75%)
Poland NBP Base rate in line with expectations (3.75%)
Canadian Dollar: Further gains seen against US Dollar - Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret describe the Canadian Dollar (CAD) as steady despite renewed US–Canada trade tensions and targeted import bans. They highlight improving CAD fundamentals and a lower fair value estimate for USD/CAD near 1.3736.
Silver price rebounds as US Dollar weakness clashes with rising rate expectations
Silver (XAG/USD) rebounds on Wednesday and trades around $67.50 at the time of writing, up 2.64% on the day.
Euro benefits from broad US Dollar weakness ahead of ECB rate decision
EUR/USD trades on the front foot on Wednesday as broad US Dollar (USD) weakness, led by a sharp rally in the Japanese Yen (JPY), supports the pair. At the time of writing, EUR/USD trades around 1.1647, up 0.20% on the day.
Why is the Japanese Yen surging when no one is intervening this time?
The Japanese Yen (JPY) continues to build upward momentum, pushing USD/JPY down to 152.88 before consolidating around 153.26 as markets fully price in a 25-basis-point rate hike from the Bank of Japan (BoJ) in September.
Indian Rupee: Inflation risks broadening – Societe Generale
Societe Generale economist Kunal Kundu expects India’s August Consumer Price Index (CPI) inflation to rise to around 4.8% year-on-year from 4.4% in July, the highest reading under the new CPI series.