Brown Brothers Harriman’s Elias Haddad notes United Kingdom (UK) September Consumer Price Index (CPI) surprised to the upside, pushing British Pound (GBP) higher against both the Dollar and Euro. Haddad sees a 25 bps Bank of England (BoE) rate hike … [Continue reading]
BoJ’s Himino says underlying inflation almost at 2% target
Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Wednesday that underlying inflation is almost at the 2% target, adding that financial conditions still accommodative.Key quotesStrong AL demand driving up capex, exports. Underlying … [Continue reading]
Iran’s Araghchi says indirect negotiations with US are continuing through intermediary countries
Iran's Foreign Minister Abbas Araghchi said that indirect negotiations with the United States (US) are continuing through intermediary countries, including Pakistan and Qatar, Reuters reported on Tuesday.Araghchi further stated that the Strait … [Continue reading]
Malaysian Ringgit: Stable range against US Dollar with hawkish BNM bias – Commerzbank
Commerzbank’s Charlie Lay and Dr. Henry Hao highlight Malaysia’s strong September trade data, with exports and imports far exceeding expectations and the trade surplus widening further. Combined with subdued CPI and core inflation, this supports Bank … [Continue reading]
Why the Canadian Dollar’s rebound isn’t just about rate-hike bets
The Canadian Dollar (CAD) has become the focus of debate over the Bank of Canada's (BoC) next policy move. Markets have rushed to price in a rate hike at the upcoming meeting, dragging USD/CAD down to 1.4071, well below the 1.4300 high from October … [Continue reading]
These 2 analysts’ Gold forecasts: One says sell every bounce, one says demand just flipped to a premium
Gold's (XAU/USD) paper and physical markets are telling two different stories right now. On the charts, FXStreet's Dhwani Mehta sees sellers firmly in control below the 21-day SMA at $4,180, with Gold slipping to $4,144. But in India, the world's … [Continue reading]
British Pound attracts significant bids against Japanese Yen on strong UK job data
The British Pound (GBP) reacts positively after the release of the strong United Kingdom (UK) labor market data for three months ending August. Against the Japanese Yen (JPY), the British currency has risen 0.12% to near 211.10. Pound Sterling Price … [Continue reading]
New Zealand Dollar holds steady above 0.5650 as PBOC holds Loan Prime Rates steady
The NZD/USD pair trades on a flat note around 0.5665 during the early Asian trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of New Zealand’s Consumer Price Index (CPI) inflation data on Thursday.Reserve Bank of New Zealand … [Continue reading]
Singapore Dollar: Range trading after strong NODX – Commerzbank
Commerzbank economists note Singapore’s September NODX surged to its fastest pace since 1980, driven by broad-based gains in electronics and lumpy ship-related exports, yet they expect growth to moderate as base effects toughen and AI investment … [Continue reading]
Canadian Dollar: Inflation risks and rate path – RBC
Royal Bank of Canada (RBC) economist Abbey Xu notes Canadian inflation edged up to 3.1% year-over-year in September, slightly below consensus. Core measures such as Consumer Price Index (CPI) excluding food and energy and the Bank of Canada’s (BoC) … [Continue reading]