Danske Bank’s Danske Research Team observes that global equities closed lower on Tuesday, with Energy the only sector in positive territory as Oil prices surged.

United Kingdom Retail Price Index (YoY) below expectations (3.5%) in August: Actual (3.4%)

USD/IDR halts its four-day winning streak, trading around 17,740 during Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) declines ahead of the interest rate decision by the Federal Reserve (Fed).

Asian equity markets trade with modest gains on Wednesday, tracking stability in US stock index futures, though sentiment remains cautious ahead of the highly anticipated US Federal Reserve (Fed) policy decision.

TradingKey - The Federal Reserve will announce its September interest rate decision at 2:00 p.m. ET on Wednesday (September 16), followed by a press conference held by Fed Chair Kevin Warsh at 2:30 p.

United States (US) Treasury Yields have hit a pause after posting a fresh multi-year high on Tuesday ahead of the Federal Reserve’s (Fed) monetary policy announcement later in the day.

The People’s Bank of China (PBOC) Governor Pan Gongsheng said on Wednesday that the Chinese central bank will rely less on loan growth targets and more on interest rate tools to guide policy.

The United Kingdom (UK) Office for National Statistics (ONS) will publish the highly anticipated Consumer Price Index (CPI) data for August on Wednesday at 06:00 GMT.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is continuing its winning streak for the sixth consecutive day and trading around 99.70 during Asian hours on Wednesday.

West Texas Intermediate (WTI) oil price declines after two days of gains, trading around $100.50 per barrel during Asian hours on Wednesday. However, crude oil prices may rebound, driven by a series of broadening supply disruptions across the Middle East.

New Zealand Current Account (QoQ) came in at $-1.67B, above forecasts ($-2.57B) in 2Q

New Zealand Current Account - GDP Ratio increased to -3.2% in 2Q from previous -3.6%

Quek Ser Leang at UOB notes USD/CNH remains directionless, trading narrowly around 6.71 with little change in momentum. Intraday, the pair is expected to hold between 6.7060 and 6.7160.

Commerzbank analysts report that USD/IDR extended gains as investors assessed the appointment of Suahasil Nazara as Indonesia’s new Finance Minister, the third in under two years.

Commerzbank’s Volkmar Baur notes that Chinese growth remains export-led as domestic demand stays soft, with investment and retail sales under pressure and car sales slumping.

UOB’s Quek Ser Leang notes USD/SGD extended gains toward 1.2725 as the US Dollar strengthened broadly and Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) stayed around 1.65% above its mid-point.

Standard Chartered economists Hunter Chan and Shuang Ding assess China’s July-August data and conclude that domestic demand weakened while production held up.

Commerzbank’s FX analysts Charlie Lay and Moses Lim note that the Korean Won has rallied nearly 15% against the Dollar since late June, driven less by the current account surplus and more by structural shifts in flows.

Nomura’s Josie Anderson, George Buckley and Andrzej Szczepaniak say the latest UK labour data show strong private sector pay but softer employment, with payrolls falling and vacancies at their lowest since early 2021.

Deutsche Bank’s Chief UK Economist Sanjay Raja assesses latest United Kingdom (UK) labour market data as signalling a still weak backdrop, with employment struggling and vacancies falling.

Societe Generale economist Kunal Kundu notes that India’s headline Consumer Price Index (CPI) inflation rose to 4.8% year-on-year in August 2026, staying above the Reserve Bank of India ’s (RBI) 4.0% median target for a third month.

ING’s Francesco Pesole notes the Pound has been resilient against the Dollar and EUR/GBP has fallen about 0.5% since Friday, partly on positioning ahead of the Bank of England meeting.

Private-sector hiring in the US has gained further pace in later August. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 16.25K jobs per week in the four weeks ending August 29.

Royal Bank of Canada (RBC) analysts highlight that Canada’s economy has rebounded, with Gross Domestic Product (GDP) growth improving in Q2 2026 and per-capita gains supported by a lower unemployment rate.

Standard Chartered’s Chong Hoon Park and Nicholas Chia expect the Bank of Japan to hike its policy rate by 25bps to 1.25% at the 17-18 September meeting.

ING economist James Smith argues that recent United Kingdom (UK) jobs data underline a cooler labour market and weaker wage dynamics, reducing the risk of another inflation surge.

Rabobank's Senior Energy Strategists Joe DeLaura and Florence Schmit revise their Brent outlook higher as Middle East disruptions tighten supply routes.

Germany’s ZEW Survey Economic Sentiment rose slightly to 34.7 in September from 34.2 in August, although the reading falls short of market expectations of 37.

MUFG’s Lee Hardman says the Pound is holding up better than expected despite the worsening energy price shock.

AUD/JPY gains ground for the second consecutive day, trading around 110.40 during European hours on Tuesday. The currency cross appreciates as the Japanese Yen (JPY) faces headwinds from rising global oil prices, which significantly inflate import costs for Japan's energy-dependent economy.