OCBC strategist Christopher Wong highlights that Taiwan’s CBC kept its policy rate at 2% for a tenth straight quarter with a mildly hawkish tone, sharply raising 2026 growth and inflation forecasts while flagging sticky services inflation.

Commerzbank’s Charlie Lay and Henry Hao report that Taiwan’s CBC kept its policy rate at 2.0% for a tenth straight meeting, signalling a patient stance.

OCBC strategist Christopher Wong notes that the Korean Won remains under pressure as foreign selling of Korean equities persists and elevated US yields after the FOMC continue to weigh. Large-cap technology stocks are at the centre of outflows, though the broader KOSPI has held up.

OCBC’s Christopher Wong highlights that Singapore’s August NODX surged 46.2% year-on-year, far above consensus, with electronics exports jumping on AI-related demand and broad-based strength across markets.

Chang Wei Liang at DBS Group Research highlights that USD/CNH is easing toward 6.70 despite a stronger Dollar, with the Renminbi (RMB) supported by a lower USD/CNY fixing below 6.76.

United Overseas Bank’s (UOB) Quek Ser Leang notes that USD/SGD has slipped into a short-term range phase after a sharp pullback, with intraday trading expected between 1.2735 and 1.2775.

Argentina Trade Balance (MoM) above forecasts ($2055M) in August: Actual ($2187M)

Eurozone CFTC EUR NC Net Positions increased to €-27K from previous €-42.6K

United States CFTC S&P 500 NC Net Positions down to $-100.5K from previous $-76K

United States CFTC Gold NC Net Positions down to $230.3K from previous $232K

Australia CFTC AUD NC Net Positions: $-38.9K vs previous $-34.9K

United States CFTC Oil NC Net Positions fell from previous 136.6K to 135.9K

Christopher Wong at OCBC writes that the Malaysian Ringgit weakened during Thursday’s Asian session on a firmer US Dollar and higher US Treasury yields after the FOMC, with USD/MYR briefly trading above 4.10 in an orderly move.

US Treasury yields rose on Friday, boosted mainly by the Federal Reserve’s decision to increase rates on Wednesday, while the Bank of Japan added its name to the list of major central banks focused on preventing inflation from getting out of control.

Rabobank strategists Bas van Geffen and Elwin de Groot highlight that sharply higher Oil and natural gas forecasts will lift headline Eurozone inflation by about 0.5 percentage points in 2026 and 2027.

On Friday, Kansas City Fed President Jeffrey Schmid said he supported the rate hike, as “recent data suggest inflation trending above 3%.” Schmid added that tightening policy is a step toward achieving the Fed’s 2% goal and that inflation has broadened across a set of goods and services and that the

ING economist Charlotte de Montpellier expects the Swiss National Bank to keep its policy rate at 0% next Thursday and over the coming quarters, as Swiss growth has surprised on the upside but inflation remains subdued.

Nathan Janzen at Royal Bank of Canada (RBC) notes that markets are focused on whether the Bank of Canada (BoC) will raise rates in October after the Federal Reserve’s (Fed) move.

Nordea’s team sees the European Central Bank delivering two more 25bp rate hikes, in December and March 2027, despite more aggressive market pricing.

Derek Halpenny at MUFG highlights that the Bank of England left rates unchanged, but signals suggest a hike is likely in November as most of the majority voting bloc see tightening as needed.

Rabobank strategists Bas van Geffen and Elwin de Groot expect the European Central Bank (ECB) to raise the deposit facility rate by 25bp to 2.75% in December, driven by higher energy price forecasts.

Nordea strategists expect the Federal Reserve (Fed) to deliver two additional rate hikes, arguing that resilient United States (US) growth, persistent inflation and continued labour-market strength suggest monetary policy is not yet sufficiently restrictive.

Mexico Private Spending (YoY) declined to 2.1% in 2Q from previous 2.2%

Mexico Private Spending (QoQ) up to 0.9% in 2Q from previous -0.8%

ING strategist Francesco Pesole notes that moderating Oil prices have slightly cooled the Dollar’s post-FOMC momentum, but still sees upside risks for the Dollar after the Federal Reserve’s hawkish message.

OCBC strategist Christopher Wong notes that the Bank of England (BoE) kept Bank Rate at 3.75% in a 6–3 vote while highlighting a more challenging inflation backdrop, with Consumer Price Index (CPI) seen near 3.75% in Q4 and above 4% in early 2027.

TD Securities’ Prashant Newnaha notes the Bank of Japan raised its cash rate by 25bps to 1.25%, in line with market expectations, and kept a hawkish framework that points to further hikes, with the next move seen in December.

European Central Bank (ECB) President Christine Lagarde said during the European trading session on Friday that the decision on interest rates by the central bank will be meeting by meeting.

ING’s Frantisek Taborsky notes that the Czech National Bank (CNB) kept its policy rate at 3.75% with a dovish tone versus market pricing, but ING economists now expect a hike in November due to higher inflation forecasts and elevated global energy prices.

Deutsche Bank highlights a broad-based rebound in global equities following a drop in Oil prices and supportive US data. The S&P 500 and NASDAQ led gains in US stocks, while the STOXX 600 advanced in Europe and major Asian indices, including the Nikkei and KOSPI, moved higher.