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British Pound holds firm against Euro on stronger growth, hawkish policy signals
EUR/GBP trades on the defensive on Thursday, remaining on the back foot for the fifth consecutive day following last week’s rejection from the 0.8600 psychological mark. At the time of writing, the cross trades around 0.8537, its lowest level since mid-August.
Why is the US Dollar climbing when its preferred inflation gauge is cooling?
The US Dollar (USD) continues to display underlying strength, with the US Dollar Index (DXY) touching its June year-to-date high near 101.80 despite recent data showing a deceleration in core Personal Consumption Expenditures (PCE) inflation.
Korean Won: Export boom supports currency – DBS
Chang Wei Liang at DBS Group Research highlights Korea’s strong September export performance, driven by an AI-led semiconductor boom and a record monthly trade surplus.
Euro: Vulnerable as US diesel policy bites – Societe Generale
Kit Juckes at Societe Generale highlights that a proposed US diesel export ban would likely push up European diesel prices and weigh on the Euro and other European currencies. He points to rising bond yields and Oil prices as additional headwinds and questions whether consensus Eurozone growth forecasts will be revised lower if these pressures persist.
USD/JPY: Range-bound view on BOJ caution – BBH
Brown Brothers Harriman’s Elias Haddad notes USD/JPY has surged to its 200-day moving average on broad Dollar strength, but expects the pair to trade within a 155.00–160.00 range near term.
Fed's Kashkari: Will put pressure on different parts of economy if we keep raising rates
Minneapolis Federal Reserve (Fed) President Neel Kashkari told Bloomberg on Thursday that if they keep raising rates, they will put different pressure on different parts of the economy, per Reuters.
USD/JPY Price Forecast: Jumps to near 158.40 as traders reassess hawkish BoJ bets
The Japanese Yen (JPY) underperforms its currency peers on Thursday, with the USD/JPY pair trading 0.55% higher to near 158.40.
NZD/USD Price Forecast: At fresh yearly lows with bears pushing against 0.5600Â
The New Zealand Dollar (NZD) keeps depreciating against the US Dollar (USD) on Thursday, hammered by a perfect storm of risk aversion, high Oil prices, and escalating US Treasury yields that have boosted the Greenback across the board.
US Dollar: Resilient growth supports upside risks – BBH
Brown Brothers Harriman’s Elias Haddad highlights a resilient US economy underpinning Dollar strength, with the DXY at new cyclical highs. Upward revisions to US Q2 GDP and strong Q3 estimates from the Atlanta Fed GDPNow model support the constructive outlook.
Chile IMACEC rose from previous -1.5%Â to -1% in August
Chile IMACEC rose from previous -1.5%Â to -1% in August
Gold struggles as elevated US Treasury yields outweigh dovish Fed repricing
Gold (XAU/USD) treads water on Thursday as a stronger US Dollar (USD) and elevated US Treasury yields limit the upside.
Trump sees ramping up bombing Iran after midterms possible – Time Magazine
Here are comments delivered by United States (US) Donald Trump in an interview with Time Magazine.
British Pound tests 1.3200 as higher US yields and risk-off markets boost US Dollar
The British Pound (GBP) heads lower against the US Dollar (USD) on Wednesday, with the GBP/USD pair hitting three-month lows just below 1.3200 ahead of the US session opening.