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European Central Bank: Dovish hike path as energy drives inflation – ING
ING’s Carsten Brzeski expects the European Central Bank (ECB) to raise rates by 25bp next week, characterizing it as an ‘insurance’ or dovish hike. He notes Eurozone resilience, but stresses that inflation is mainly driven by energy, limiting the case for further tightening.
Wed, Sep 2
Reserve Bank of Australia: September hike expectations strengthen – TD Securities
TD Securities’ Prashant Newnaha now expects the Reserve Bank of Australia (RBA) to raise the cash rate by 25bps to 4.60% at the late-September meeting. The change follows stronger-than-expected Q2 Gross Domestic Product (GDP) and firm discretionary consumption.
Wed, Sep 2
Canadian Dollar: Weak fundamentals cap gains against US Dollar - BNY
BNY’s Geoff Yu notes that Canadian Dollar (CAD) positioning remains weak ahead of the Bank of Canada (BoC) decision, with USD/CAD dominating flows and cross-currency activity surprisingly limited.
Wed, Sep 2
New Zealand Dollar: Dovish RBNZ hike weighs – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports the New Zealand Dollar (NZD) underperformed after the Reserve Bank of New Zealand (RBNZ) delivered a 25 bps hike to 2.75% but signaled reduced need for further tightening.
Wed, Sep 2
US Dollar: Hawkish Fed expectations underpin strength – OCBC
OCBC’s Sim Moh Siong and Christopher Wong highlight that higher Oil prices and renewed US-Iran tensions have pushed global bond yields higher and strengthened the US Dollar, with markets fully pricing a 25bp Federal Reserve (Fed) rate hike by October.
Wed, Sep 2
Fed's Williams: Recent data have been encouraging on inflation
In an interview with CNBC on Wednesday, New York Federal Reserve (Fed) Bank President John Williams said that tariffs and the Middle East war are big drivers of inflation over target, per Reuters.
Wed, Sep 2
XRP Price Forecast: XRP extends sell-off as bears regain control despite ETF inflows
Ripple (XRP) continues to trim gains on Wednesday, trading around $1.32 at the time of writing. The remittance token came under pressure after a massive 72% rally from $1.00 to $1.70 in August stalled on profit-taking and the need to moderate in search of fresh liquidity.
Wed, Sep 2
Japanese Yen: Fed hawkishness offsets BoJ talk – ING
ING’s Chris Turner notes that USD/JPY is slightly lower after BoJ hawk Hajime Takata signalled the possibility of a 50bp September hike or back-to-back moves.
Wed, Sep 2
Euro outperforms Pound Sterling as ECB prepares for another rate hike
EUR/GBP edges higher on Wednesday, extending its advance for the third consecutive day. At the time of writing, the cross trades around 0.8585, close to the upper boundary of the narrow consolidation range that has been in place since late July.
Wed, Sep 2
Canadian Dollar: US tensions overshadow BoC stance – Commerzbank
Commerzbank’s Michael Pfister expects the Bank of Canada to hold its key rate at 2.25%, a move he says is fully priced with only a small chance of a hike.
Wed, Sep 2
Federal Reserve: Election-year hikes and long-end rates risks – TD Securities
TD Securities strategists argue that Federal Reserve (Fed) decisions in election years remain driven by data rather than politics, with only a small difference in action frequencies versus non-election years.
Wed, Sep 2
Euro: Nagel backs September hike path – BNY
BNY’s Geoff Yu reports that European Central Bank (ECB) Governing Council member Joachim Nagel has strongly signaled a September rate hike as Eurozone inflation stays above target and activity proves resilient.
Wed, Sep 2
Japanese Yen rebounds against US Dollar as intervention risks resurface
USD/JPY retreats on Wednesday and trades around 159.65 at the time of writing, down 0.33% on the day.
Wed, Sep 2
US Dollar: Fed expectations support gains – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes the US Dollar (USD) is supported by widening US-G6 yield spreads and resilient US data, which keep Federal Reserve (Fed) rate hike expectations alive in the near term.
Wed, Sep 2
US Commerce Secretary Lutnick: Canada treated US 'disrespectfully'
United States (US) Commerce Secretary Howard Lutnick said during the European trading session on Wednesday that there will be tariff relief if the company builds in the US.
Wed, Sep 2
Gold: Oil-driven rate repricing weighs on bullion – ING
ING commodities strategists Warren Patterson and Ewa Manthey say Gold has slipped to a two‑week low below $4,300/oz as higher Oil prices revive concerns over US inflation and limit near‑term Federal Reserve easing.
Wed, Sep 2
United States Dollar Index rises to near 99.85 ahead of US ADP Employment data
The US Dollar (USD) reflects strength against its currency peers on Wednesday as United States bond yields surge further due to rising oil prices and hawkish Federal Reserve (Fed) expectations.
Wed, Sep 2
Gold declines as US-Iran escalation drives Oil prices, global bond yields higher
Gold (XAU/USD) remains on the defensive on Wednesday after tumbling nearly 2.7% the previous day.
Wed, Sep 2
1.3990: Why the Canadian Dollar is sliding toward the resistance zone that could decide the next move
USD/CAD has staged a rebound from recent lows near 1.3730 as markets digest a steady policy stance from the Bank of Canada (BoC) amid renewed United States (US)-Canada trade friction.
Wed, Sep 2
0.8150; Swiss Franc hits monthly lows as Fed hiking bets, risk aversion buoy US Dollar
The Swiss Franc (CHF) extends its decline against a stronger US Dollar (USD) on Wednesday, and is nearly 0.9% down in the last two days.
Wed, Sep 2
