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New Zealand Dollar: Growth check and scope for dovish repricing – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that New Zealand Q2 Gross Domestic Product (GDP) is expected to slow sharply, with domestic demand weighed by higher fuel prices, uncertainty and falling house prices, though leading indicators suggest Q3 recovery.
Mon, Sep 14
Swiss Franc: Downtrend capped with 0.8185 against US Dollar – UOB
UOB strategist Quek Ser Leang notes USD/CHF extended gains to 0.8170 and closed at 0.8161, with conditions overbought but momentum still strong. Intraday, the pair could test 0.8185, though 0.8205 is seen as a tough barrier.
Mon, Sep 14
Euro drops against Canadian Dollar amid energy shocks, growing Fed rate hike pressures
EUR/CAD depreciates further after paring its recent gains from the previous day, trading around 1.6030 during European hours on Monday.
Mon, Sep 14
ECB’s Kazimir: Will consider all options for next policy decision
European Central Bank (ECB) Governing Council member and Governor of the National Bank of Slovakia (NBS), Peter Kazimir, said during the European trading session on Monday that he is “increasingly concerned about gas and power prices”.
Mon, Sep 14
US Dollar: Inflation-driven rate risks and premium – Commerzbank
Commerzbank’s Thu Lan Nguyen notes that stronger-than-expected core US inflation has pushed market pricing toward a near-certain Federal Reserve rate hike this week and higher odds of another move by year-end.
Mon, Sep 14
GBP/JPY Price Forecast: Clings to gains above 208.00; bearish bias intact ahead of BoE/BoJ
The GBP/JPY cross attracts some buyers at the start of a new week and maintains its bid tone around the 208.25-208.30 region through the first half of the European session.
Mon, Sep 14
ECB Simkus: Can't exclude action at any meeting
European Central Bank (ECB) Governing Council member and head of Lithuania's central bank, Gediminas Simkus, said during European trading hours on Monday that the possibility of monetary policy actions in every upcoming meeting cannot be excluded.
Mon, Sep 14
Indian Rupee: Reserve buffer and carry dynamics – Societe Generale
Societe Generale strategists note that India’s FX reserves surged by $44.9bn to a record $785.7bn in early September, largely due to Reserve Bank of India (RBI) mobilisation measures such as the FCNR(B) scheme.
Mon, Sep 14
Euro drops to monthly lows below 1.1550 amid high Oil pisces, Fed hiking bets
The Euro (EUR) accelerates its downtrend against the US Dollar (USD) on Monday, weighed by risk-averse markets, with Oil prices above the $100 level and a stronger US Dollar, amid rising hopes of a Federal Reserve (Fed) rate hike on Wednesday.
Mon, Sep 14
Australian Dollar underperforms amid risk-off mood
The Australian Dollar (AUD) is down against its major currency peers, trading 0.45% lower at around 0.7135 against the US Dollar (USD) during the European trading session on Monday.
Mon, Sep 14
Dow Jones futures dip as Fed hike bets, AI safety concerns weigh on markets
Dow Jones futures decline by 0.17% to trade near 52,500 during European hours on Monday. Meanwhile, S&P 500 futures fall by 0.64% to trade around 7,610, while Nasdaq 100 futures experienced a sharper drop of 1.46% to trade near 28,960.
Mon, Sep 14
US Dollar Index: Fed guidance key for next leg – OCBC
OCBC strategist Christopher Wong notes that firmer United States (US) Consumer Price Index (CPI) and a near-90% chance of a September Fed hike have not translated into lasting Dollar strength, with US Dollar Index (DXY) stuck around 99.1.
Mon, Sep 14
Iran’s Foreign Ministry: Reports about nuclear activity in Iran are baseless
Iran's Foreign Ministry Spokesperson said during the European trading session on Monday that reports about nuclear activity in Iran's Pickaxe mountain (Kolang Kouh) are baseless. The spokesperson added, “Saudi Arabia insisted for meeting between Tehran and Gulf powers in Oman not to take place.”
Mon, Sep 14
Silver Price Forecast: XAG/USD falls to near $63.50 amid Fed hike bets, higher oil prices
Silver price (XAG/USD) loses its gains from the previous day, trading around $63.50 per troy ounce during Asian hours on Monday. Non-yielding Silver is currently facing significant headwinds driven by rising Federal Reserve (Fed) rate-hike expectations for the upcoming September decision.
Mon, Sep 14
Canadian Dollar: CPI test for BoC inflation warning – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that Canada’s August Consumer Price Index (CPI) will test the Bank of Canada’s (BoC) warning that upside inflation risks have increased. Headline CPI is expected to remain at 3.0% y/y, while core measures are seen hovering around 2%.
Mon, Sep 14
NZD/USD Price Forecast: Falls to July 29 lows as bears retain control below 0.5800
The NZD/USD pair meets with fresh supply at the start of a new week and drops to its lowest level since July 29, around the 0.5780 region during the early European session. Moreover, the fundamental backdrop suggests that the path of least resistance for spot prices remains to the downside.
Mon, Sep 14
Canada CPI expected to show steady inflation in August
Canada’s August Consumer Price Index (CPI) figures will be the focus of attention when published on Monday.
Mon, Sep 14
Euro extends losses against British Pound amid high Oil prices and risk-off markets
The Euro (EUR) opened the week in the same weak tone it closed the last one, as the British Pound (GBP) got a boost from strong UK Gross Domestic Product (GDP) and Industrial Production data.
Mon, Sep 14
US Dollar Index Price Forecast: Extends recovery above 20-day EMA
The US Dollar (USD) starts the Federal Reserve’s (Fed) monetary policy week on a strong note, which is scheduled for Wednesday. In the European trading session, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.37% higher to near 99.46.
Mon, Sep 14
New Zealand Dollar declines as US Dollar gains on Fed rate hike bets
NZD/USD falls after registering modest gains in the previous day, trading around 0.5780 during European hours on Monday. The pair depreciates as the US Dollar (USD) gains support amid aggressive Federal Reserve (Fed) rate-hike bets for Wednesday’s decision following hotter US inflation reports.
Mon, Sep 14
