News

Chinese Yuan: Consolidation with downside risk toward 6.7330 – UOB

UOB’s Quek Ser Leang and Lee Sue Ann describe USD/CNH as consolidating after a move to 6.7200, with momentum slowing in the very near term.

Source  Fxstreet1790369760
US Treasury yields rise as 30-Year yield hits 22-year high

US Treasury yields turned mixed on Friday as the long-end of the curve, the 20s and 30s, posted gains while the short-end and the belly of the yield curve retreated to multi-year high levels. The US 10-year Treasury yield holds firm at 5.20% after peaking at a 19-year high of 5.228%.

Source  Fxstreet1790367767
South Korean Won: Trade surplus seen widening – ING

ING’s Asia-Pacific research notes that South Korea’s upcoming data should show stronger industrial production and a widening trade surplus, even as export and import growth moderates. Technology and semiconductor exports are expected to underpin the surplus.

Source  Fxstreet1790367120
Chinese Yuan: PBoC keeps yuan broadly stable – Societe Generale

Societe Generale describes a limited impact from President Xi’s US visit, with no new tariff cuts or AI dialogue mechanism agreed as the trade truce was only extended to January.

Source  Fxstreet1790364660
Fed’s Hammack says policy still isn’t restrictive despite high inflation

Cleveland Fed President Beth Hammack said the two sides of the Fed's dual mandate are not in conflict. She said that “high inflation complicates economic planning,” and that she doesn’t see current policy as restraining the economy.

Source  Fxstreet1790362832
Singapore Dollar: Consolidation near lows against US Dollar – UOB

UOB’s Quek Ser Leang and Lee Sue Ann note USD/SGD held steady around 1.2800 after Wednesday’s surge, with the Singapore Dollar (SGD) supported by expectations of further MAS tightening.

Source  Fxstreet1790362484
ECB’s Vujcic warns energy shock could keep inflation hot

The European Central Bank Vice President Boris Vujcic said that the ECB started a tightening cycle and sees a “risk of higher for longer energy prices” and added that diesel prices will stay for long, feeding into inflation.

Source  Fxstreet1790361242
Asian FX: Higher yields and Oil weigh – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong report that Asian FX traded broadly softer as higher Oil prices and rising US Treasury yields hurt risk sentiment, with Indonesian Rupiah (IDR) underperforming and Philippine Peso (PHP), Indian Rupee (INR) and Thai Baht (THB) also weaker.

Source  Fxstreet1790360571
Fed’s Hammack warns inflation mindset is the biggest risk

The Cleveland Fed President Beth Hammack is crossing the wires on Friday.

Source  Fxstreet1790360103
Canadian Dollar: Undervalued near 1.41 against US Dollar – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret note that the Canadian Dollar (CAD) is flat versus the US Dollar (USD) and lagging most G10 peers. They highlight that wider US–Canada yield spreads have weighed on the CAD, but see the move as stretched.

Source  Fxstreet1790349269
Australian Dollar: RBA hike expectations shape outlook – ING

ING economists Deepali Bhargava and Lynn Song expect the Reserve Bank of Australia (RBA) to raise rates by 25bp, citing a still-hot economy, tight labour market conditions and upside surprises in Gross Domestic Product (GDP) and inflation.

Source  Fxstreet1790346832
CEE FX: Regional currencies weaken against Euro on policy risks - Societe Generale

Societe Generale notes Central and Eastern European (CEE) currencies, including the Hungarian Forint (HUF), are set to weaken about 3% against the Euro (EUR) this week as EUR/USD falls below 1.14.

Source  Fxstreet1790338051
Fed’s Williams: Persistent supply shocks cannot be ignored

New York Federal Reserve (Fed) Bank John Willams said in a panel discussion at Oxford University on Friday that although tariffs and higher energy prices don’t to a sustainable inflation. However, repeated supply shocks are keeping price pressures higher.

Source  Fxstreet1790333471
Japan’s Katayama: Takaichi very much respects the independence of the BoJ

Japanese Finance Minister (FM) Satsuki Katayama stresses on Bank of Japan’s (BoJ) independence while speaking during the European trading session on Friday. This is the second time in the day when Katayama has delivered remarks on economy and currency.

Source  Fxstreet1790332531
BoE’s Bailey warns persistent high energy prices could challenge rate stance

Bank of England (BoE) Governor Andrew Bailey said on Friday that the pass-through from higher energy prices remains “quite subdued” so far, while stressing that it is still early days.

Source  Fxstreet1790330717
Indian Rupee: PMIs show growth and inflation risks – Commerzbank

Commerzbank’s India section notes September flash PMIs pointing to stronger end-Q3 activity, with both manufacturing and services indices well above 50. Domestic demand is robust, but elevated input and output prices, especially in manufacturing, keep upside inflation risks high.

Source  Fxstreet1790330594
Swiss Franc: Still a low-yield funding currency – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong note that the Swiss National Bank (SNB) kept rates at 0% and toned down its FX intervention language, signalling more tolerance for a firmer Swiss Franc but not a hawkish shift.

Source  Fxstreet1790328569
CEE FX: Energy shock lifts tightening bets – ING

ING strategist Frantisek Taborsky reports that volatility in core rates and high Oil and gas prices are driving elevated tightening expectations across CEE, with roughly 125bp priced for Poland and the Czech Republic.

Source  Fxstreet1790326617
Hungarian Forint: New inflation target demands hawkish MNB – Commerzbank

Commerzbank’s Tatha Ghose notes the National Bank of Hungary paused cuts at 5.50% but lowered its medium‑term inflation target to 2.5% while simultaneously lifting 2027 inflation forecasts.

Source  Fxstreet1790325552
Bank of England: Policy convergence questions after Fed hike – Standard Chartered

Standard Chartered’s Christopher Graham examines whether the Bank of England will feel pressured to follow the Federal Reserve’s September rate hike. He notes that Fed tightening alone does not force the BoE to act and stresses the role of UK data and market credibility.

Source  Fxstreet1790324337
Equities: Rising yields weigh on stocks despite tech support - Deutsche Bank

Deutsche Bank strategists report renewed pressure on global equities as surging bond yields and higher Oil prices weigh on risk assets. The S&P 500 slipped for a third session despite a late recovery, while European indices saw broader declines.

Source  Fxstreet1790320771
Japanese Yen gains amid intervention watch as JGB bond yields hit 30-year highs

USD/JPY halts its five-day winning streak, trading around 158.10 during Asian hours on Friday. The currency pair depreciates as the Japanese Yen (JPY) gathers support. Market participants are remaining on high alert, anticipating potential market intervention by Japanese authorities.

Source  Fxstreet1790317843
Canadian Dollar declines amid hawkish Fed outlook, US–Iran deal hopes

The USD/CAD pair gathers strength to around 1.4150 during the early European trading hours on Friday. Mounting bets on further Federal ‌Reserve (Fed) rate hikes provide some support to the US Dollar (USD) against the Canadian Dollar (CAD).

Source  Fxstreet1790316934
India Gold price today: Gold falls, according to FXStreet data

Gold prices fell in India on Friday, according to data compiled by FXStreet.

Source  Fxstreet1790311910
Japan’s Katayama says BoJ's latest rate hike was done to achieve inflation target

Japanese Finance Minister (FM) Satsuki Katayama said on Friday that the latest rate hike from the Bank of Japan (BoJ) was done to achieve the inflation target. Katayama added that she expects the central bank to conduct appropriate monetary policy while coordinating with the government.

Source  Fxstreet1790302654
China's President Xi says Beijing and US should seek new ways for major countries to coexist

Chinese President Xi Jinping stated during his visit to Washington that Beijing and Washington must find a proper way to coexist peacefully and act as partners rather than rivals, the Financial Times reported on Thursday.

Source  Fxstreet1790295838
Saudi Civil Defence issues warning over possible threat in Jazan

Yemen's Houthi claimed on Thursday that it launched dozens of ballistic missiles and drones at Saudi military installations in the kingdom's southwestern Jazan region, the Saudi-led coalition in Yemen said were aimed at Taif in western Saudi Arabia and the Yanbu area on the Red Sea.

Source  Fxstreet1790294781
Iran’s President says US ‘must choose’ whether to end war

Iranian President Masoud Pezeshkian said that it is for the United States (US) to decide whether to end its war against the Islamic Republic, as Tehran does not wish to continue fighting, Fox News reported on Thursday.

Source  Fxstreet1790294006
Indonesian Rupiah: BI prioritizes IDR stability – Commerzbank

Commerzbank’s Henry Hao and Moses Lim report that Bank Indonesia kept the BI Rate at 5.75% while expanding FX hedging incentives to support the Indonesian Rupiah. Governor Destry Damayanti signaled a preference for non-rate tools and incentive-based measures over SRBI yield hikes.

Source  Fxstreet1790286660
Banxico: Flexible stance with upside risks – Rabobank

Rabobank’s Molly Schwartz and Christian Lawrence note Banxico kept its overnight rate at 6.50% but significantly softened forward guidance, decoupling Mexican policy from expected Federal Reserve moves.

Source  Fxstreet1790284091
goTop
quote