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Singapore Dollar: Range bias holds near 1.2835 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/SGD was little changed around 1.2800 on Friday and expect consolidation to persist. Intraday, they see the pair confined between 1.2790 and 1.2820, with 1.2775 as strong support. Over the next few weeks, upward momentum is rebuilding but seen too weak for a sustained break above 1.2835.
Swedish Krona: Riksbank outlook supports SEK against Euro – Rabobank
Rabobank's Senior FX Strategist Jane Foley discusses EUR/SEK, noting Sweden’s resilient economy, stronger-than-expected GDP and a hawkish shift at the Riksbank.
Japanese Yen struggles amid Oil rally, fiscal concerns
USD/JPY extends its advance on Monday, gaining 0.28% on the day to trade around 158.70 at the time of writing.
Euro hits fresh yearly low against British Pound as French fiscal concerns weigh
EUR/GBP remains on the defensive on Monday, sliding to a fresh year-to-date low of 0.8445 as French political and fiscal concerns keep the Euro (EUR) under sustained pressure. At the time of writing, the cross trades around 0.8450, down 0.17% on the day.
British Pound loses ground as Oil rise clouds BoE’s hawkish outlook
The Pound Sterling (GBP) retreats about 0.11% against the Greenback on Monday amid a scarce economic docket on both sides of the Atlantic, but geopolitics continue to drive price action amid developments in the Middle East and the prolongation of the Russia-Ukraine conflict.
India: Rising inflation pressures challenge RBI – Societe Generale
Societe Generale’s Kunal Kundu notes that India’s September Consumer Price Index (CPI) rose to 5.54% year-on-year, with food inflation at 7.74% and core inflation at 4.2%, signalling broadening price pressures.
Chinese Yuan: Trade détente and PBoC fix support Yuan – Commerzbank
Commerzbank analysts highlight that Beijing’s new trade agreement with Brussels, alongside a US–China tariff framework, modestly improves China’s external backdrop. They note the PBoC’s USD/CNY fixing model points to a slightly stronger Yuan and that both USD-CNY and USD-CNH fell to 6.69 last week, as easing trade tensions reduce headwinds for China’s export sector and current account.
Australian Dollar retreats as Fed hawkish stance, Iran tensions boost US Dollar
AUD/USD trades around 0.6965 on Monday, down 0.24% at the time of writing after giving up its earlier gains.
Germany: AI boom versus growth drag – Deutsche Bank
Deutsche Bank’s Robin Winkler reviews Germany’s consensus outlook, where GDP growth is seen near 1% in 2027 before sliding towards 0% by 2030 as demographics weigh on potential growth.
Euro remains on the back foot amid French debt concerns
EUR/USD gives up earlier gains on Monday as the US Dollar (USD) remains firmly bid across the board, while French political and fiscal uncertainty weighs on the Euro (EUR). At the time of writing, the pair trades around 1.1178, retreating from an intraday high of 1.1217.
Mexican Peso: Steepening curve and carry risks – Rabobank
Rabobank strategist Molly Schwartz and Christian Lawrence discuss Mexico’s rates outlook after Banxico held the overnight rate at 6.50%. They note upside risks to inflation, market pricing for more than 100bp of hikes over a year, a pronounced steepening of the Mexican yield curve versus the US, and resilient foreign ownership of Mbonos and Cetes.
Russia Foreign Trade declined to $11.739B in August from previous $13.594B
Russia Foreign Trade declined to $11.739B in August from previous $13.594B
New Zealand Dollar retreats toward 17-month low on Oil-driven risk aversion
NZD/USD declines by 0.23% on Monday, trading around 0.5600 at the time of writing, as the New Zealand Dollar (NZD) remains under pressure against the US Dollar (USD).