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According to Frantisek Taborsky of ING, the Bank of Japan raised interest rates by 25 basis points to 1.25 percent in a split decision that acknowledged ongoing inflation risks but was met with strong opposition. The dovish announcement caused the Yen to drop, and ING still believes that there...

The goal, according to Japan's Economy Minister Minoru Kiuchi on Thursday, is to strike a balance between budgetary sustainability and a strong economy. Kiuchi declined to comment on interest rates, though. Important quotes Strive to strike a balance between fiscal sustainability and a strong...

According to figures released by the Office for National Statistics (ONS) on Tuesday, the UK's ILO Unemployment Rate remained at 4.9% in the three months leading up to July after reporting 4.9% in the prior reading. The data fell short of the 5.0% market consensus. According to the report's...

EUR/USD fell to 1.1568 before rising to finish close to 1.1598, with little downward momentum, according to UOB's Quek Ser Leang. The Euro (EUR) is anticipated to test significant support at 1.1565 during the day, although a clear break is thought to be unlikely, with resistance at 1.1605 and...

Strategists Quek Ser Leang and Lee Sue Ann of United Overseas Bank (UOB) point to the EUR/USD's increasing downward momentum following a steep decline to 1.1591, although they see little chance of a sustained break below 1.1585 in the immediate future. A daily closure below 1.1585 over the next...

A Reuters poll suggests that the Fed will keep interest rates unchanged through the end of the year, which causes the USD/CHF to weaken. A 60% possibility of a rate hike is priced in by traders due to strong US jobs data. The Swiss Franc is strengthened by tighter monetary expectations and...

Fed rate rise bets may limit the USD/CHF decline. As concerns about inflation increase due to increased oil costs, the US dollar may find support. Higher energy prices caused Swiss inflation to double in August, but this increase is only predicted to last temporarily. The USD/CHF pair lost...

Michael Wan of MUFG observes that as markets price faster Bank of Japan tightening, the Japanese yen has gained below 154 against the US dollar (USD), its strongest level since February. At the Bank of Japan (BoJ) meeting on September 18, a 25 basis point increase is expected to be mostly...

Driven by chipmakers like Samsung Electronics and SK Hynix, South Korea's KOSPI surged more than 4% above 6,950. Despite concerns over a Bank of Japan rate hike, tech shares increased, and Japan's Nikkei 225 rose 1.85% above 66,200. The Shanghai Composite dropped 0.24%, while the Shenzhen...

As the US dollar declines due to a changing Fed policy stance, NZD/USD increases. If future inflation statistics are steady, Fed Governor Waller supported maintaining interest rates at their current level in September. Earlier this week, the RBNZ raised interest rates for the second time in a...

According to the Danske Research Team, US yields exhibit a mixed trend and European government bond yields continue to rise, with the EUR/USD ratio hovering around 1.16. As the curve steepens, ten-year German rates have increased by around 50 basis points since early July, while US Treasury...

Hajime Takata, a board member of the Bank of Japan (BoJ), stated on Wednesday that the central bank must take a new approach than the traditional semi-annual rate hike pace. Important quotes There will be a shift in the regime in 2026, and since rate increases are increasingly commonplace due...

Following recent dollar strength following Fed Chair Kevin Warsh's Jackson Hole speech, the Danske Research Team observes that EUR/USD has somewhat recovered over 1.16. While markets anticipate the region's flash inflation, unemployment, and final manufacturing PMI data, they also draw attention...

Prior to the announcement of the Q2 GDP, Commerzbank strategists emphasize robust domestic growth, bolstered by robust industrial production and investment activity. The Reserve Bank of India (RBI) anticipates that although inflation stays under control at 5.0%, growth will slow to 6.7% in...

The USD/MXN has gone below 17 for the first time since May 2024, according to Christian Lawrence and Molly Schwartz of Rabobank. This has prompted a projection revision toward 16.5 in the upcoming weeks. A minor retracement is anticipated for next year, with the pair remaining within recent...

Isabel Schnabel of the ECB now sees growth risks potentially to the upside, and Chris Turner of ING notes that Eurozone data continues to surprise favorably. With EUR/USD predicted to hold 1.1650/60 support and move into the 1.1700/1710 range, this supports forecasts for a 25bp rate hike to...

After the Treasury repurchase announcement caused the US Dollar Index (DXY) to fall below its 200-day SMA, TD Securities strategists contend that the USD has once again entered a negative regime. They point out that the USD may remain under pressure in the upcoming weeks due to poor US data...

According to Societe Generale, Poland's high fiscal deficit and quickly growing public debt could continue to put pressure on the zloty. The next major test for investor appetite is expected to be the draft 2027 budget. According to the bank, additional fiscal slippage may cause the 10-year...

According to Michael Wan of MUFG, foreign exchange (FX) policies aimed at luring USD inflows into India have considerably reduced Indian Rupee (INR) rates through increased liquidity, with no effect on USD/INR. Wan anticipates that the Reserve Bank of India (RBI) will have completed its easing...

The Reserve Bank of India (RBI) minutes from the early August meeting were more circumspect than Governor Sanjay Malhotra's public statements, according to Radhika Rao of DBS Group Research. With Deputy Governor Poonam Gupta adamantly opposing rate-cut expectations, the majority of members took...