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Chinese Yuan: Strengthens against US Dollar on better China growth – BBH
Brown Brothers Harriman’s Elias Haddad reports that USD/CNH has broken to fresh multi‑year lows near 6.6800 after stronger‑than‑expected China Q3 GDP, which keeps growth on track for the government’s 4.5%–5.0% 2026 target. BBH stresses that structural weaknesses in consumption and investment persist, but still sees the USD/CNH downtrend intact, supported by CNH internationalization and internal rebalancing.
Fxstreet
Mon, Oct 19
Indonesian Rupiah: MSCI shock keeps Rupiah pressured – OCBC
OCBC remains cautiously negative on the Indonesian Rupiah (IDR) after MSCI proposed reclassifying Indonesia from emerging market to standalone status, triggering sharp equity outflows and USD/IDR gains. The bank expects Bank Indonesia’s (BI) intervention to cap volatility but sees a sustained recovery needing clearer reforms and better external conditions, with 18,190 flagged as key resistance and Fibonacci supports below.Fxstreet
Mon, Oct 19
Singapore Dollar: Upside bias capped by 1.2780 against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/SGD slipped on Friday but downside momentum remains only tentative. In the very near term, the pair is expected to stay confined between nearby support at 1.2780 and resistance at 1.2815. Over the coming 1–3 weeks, UOB sees scope for modest further Dollar weakness, though a clear break below 1.2765 is viewed as unlikely.
Fxstreet
Mon, Oct 19
Chinese Yuan: Export dependence limits upside against US Dollar - Commerzbank
Commerzbank’s Volkmar Baur notes China’s reported 4.5% year-on-year Q3 growth, despite weak investment and flat real retail sales. He argues Beijing appears broadly satisfied and unlikely to deliver major new stimulus.Fxstreet
Mon, Oct 19
Canadian Dollar: CPI weighs on outlook against US Dollar – TD Securities
TD Securities strategists see limited scope for a sustained Canadian Dollar (CAD) rally after softer-than-expected September inflation data, despite hawkish signals from the Bank of Canada (BoC). They expect the next BoC rate hike in Q1 2027 and favour fading CAD strength through CAD/MXN.
Fxstreet
Mon, Oct 19
United Kingdom: Closer EU ties back in focus – Standard Chartered
Standard Chartered’s Christopher Graham discusses how Prime Minister Burnham is reopening debate on the UK’s long-term relationship with the EU ahead of next month’s UK-EU summit. Options range from closer cooperation within Labour’s red lines to potentially rejoining the customs union, single market or EU. Public regret over Brexit and evolving EU industrial policy are strengthening arguments for reintegration.
Fxstreet
Mon, Oct 19
United States: October inflation seen cooling – TD Securities
TD Securities economists Oscar Munoz and Eli Nir project that US headline Consumer Price Index (CPI) will rise 0.30% month-on-month in October 2026, slowing from September’s 0.65% gain, with gasoline and food still contributing. They expect core CPI to increase 0.21% and translate into a 0.24% rise in core Personal Consumption Expenditures (PCE) Price Index, as core goods and services inflation moderate and shelter cools.Fxstreet
Mon, Oct 19
British Pound: BoE tightening seen over-priced – BBH
Brown Brothers Harriman’s Elias Haddad expects UK September Consumer Price Index (CPI) and August labour data to be pivotal for Bank of England (BoE) pricing, with markets already discounting a 25 bps hike to 4.00% in November and 100 bps over twelve months.Fxstreet
Mon, Oct 19
Swiss Franc: Upside bias holds despite US Dollar rebound - UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CHF plunged to 0.8215 on Friday before rebounding to 0.8239, which has slowed immediate downside momentum. Intraday, the pair is expected to consolidate between 0.8220 and 0.8270. On a 1–3 week view, however, the bank still sees scope for additional Dollar weakness, with a potential move toward 0.8200 while strong resistance is now marked at 0.8300.
Fxstreet
Mon, Oct 19
Euro drops against Canadian Dollar amid wave of protests in Europe
EUR/CAD remains in negative territory after experiencing volatility, trading around 1.5800 during European hours on Monday. The currency cross opened at a bearish gap as the Euro (EUR) faces headwinds from widespread unrest in France.
Fxstreet
Mon, Oct 19
Polish Zloty: Politics weighs on PLN performance against Euro – Commerzbank
Commerzbank’s Tatha Ghose highlights that while CE3 currencies have stabilized with the Euro, the Polish Zloty continues to underperform peers. He links this to institutional frictions between Poland’s government, president and central bank over NBP board appointments.
Fxstreet
Mon, Oct 19
British Pound: Upside momentum targets 1.3405 against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note GBP/USD surprised with a stronger-than-expected surge to 1.3371 before easing to 1.3329. Intraday, the British Pound (GBP) is now seen consolidating between 1.3290 and 1.3360 as overbought conditions cool. Over the next 1–3 weeks, however, upward momentum is still building, and UOB sees scope for a push toward resistance at 1.3405 while support sits at 1.3260.Fxstreet
Mon, Oct 19
Equities: AI trade unwind weighs on tech – Danske Bank
Danske Bank’s Danske Research Team highlights that US equities saw a sharp AI-related selloff on Friday, with energy outperforming technology by more than 4 percentage points. The SOX index logged an eighth straight decline, its longest losing streak since 2006, underscoring concentrated weakness in AI names. Early Monday, sentiment looks more constructive with US futures, led by Nasdaq, trading higher.Fxstreet
Mon, Oct 19
US Dollar: AI boom brings two-way risk – OCBC
OCBC’s Sim Moh Siong and Christopher Wong argue that Artificial Intelligence (AI) remains a net tailwind for the US Dollar (USD), supporting US growth, yields and asset returns, but recent AI financing concerns have exposed two-way risk.
Fxstreet
Mon, Oct 19
CEE FX: Hungary budget and Turkey cuts – ING
ING’s Frantisek Taborsky highlights Hungary’s draft budget as key for regional bonds, with much optimism already priced on a deficit below 5% of GDP. He expects the National Bank of Hungary to keep rates at 5.50%, the Central Bank of Turkey to resume cuts to 36.00%, and EUR/RON to stabilise around 5.340, while another Czech rate hike is seen in November.
Oil: Brent eases after US Russia waiver – Danske Bank
Danske Research Team reports that Brent crude opened lower near USD 108/bbl after touching USD 109/bbl on Friday. The decline followed President Trump’s waiver of key Russia-related sanctions and tariffs, which could boost fuel exports.
Fxstreet
Mon, Oct 19
Euro remains under selling pressure against British Pound on France's political turmoil
The EUR/GBP cross declines to around 0.8420 during the early European trading hours on Monday. Violent protests in France put pressure on the Euro (EUR) against the British Pound (GBP). European Central Bank (ECB) policymaker Frank Elderson is set to speak later in the day.
Fxstreet
Mon, Oct 19
Indonesian Rupiah gains as Fed pause odds hit US Dollar
USD/IDR inches lower after registering modest gains in the previous day, trading around 18,080 during Asian hours on Monday. Indonesian market participants are assessing the situation after Bloomberg reported that local officials plan to meet with MSCI Inc. executives on Monday.Fxstreet
Mon, Oct 19
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