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US Dollar: Fed pricing leg looks stretched – Societe Generale
Societe Generale’s Kit Juckes argues that Fed Funds forward pricing may be nearing the end of its third upward leg this year, with current expectations just below 5% and the US Dollar (USD) having risen alongside each repricing.
Fxstreet
Tue, Oct 13
Fed’s Barkin says persistent inflation warrants policy action
On Tuesday, Richmond Federal Reserve (Fed) President Thomas Barkin appeared at Howard University and said 2 percent inflation isn't a unicorn and that “we can hit it,” adding that Fed policymakers see the impact of AI investment on US inflation.Fxstreet
Tue, Oct 13
Fed’s Williams sees one final 2026 rate hike, none in 2027
On Tuesday, the New York Fed President John Williams, a voter at the Federal Open Market Committee (FOMC) in 2026, said that he believes that “disinflationary forces are at play,” and added that “one more interest-rate hike is appropriate this year.”Fxstreet
Tue, Oct 13
Forex Today: US inflation comes to the fore
Fresh downside pressure has weighed on the US Dollar (USD) on Tuesday, prompting it to recede from Monday’s fresh highs. The Greenback’s correction comes amid declining crude oil prices and mixed US Treasury yields as investors gear up for key data releases on Wednesday.
Fxstreet
Tue, Oct 13
Australian Dollar : Key support at 0.6935 in focus against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report AUD/USD slipping as the stronger US Dollar weighs on commodity currencies. Short‑term momentum has turned lower, with scope for a test of major support at 0.6935, though a sustained break is seen as unlikely.
Fxstreet
Tue, Oct 13
US ADP Employment Change 4-week average drops to 24.75K
Private-sector hiring in the US has gained some pace in late September. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 24.75K jobs per week in the four weeks ending September 26.Fxstreet
Tue, Oct 13
British Pound: Firmer ground with BoE hike risk – ING
Francesco Pesole at ING highlights a supportive backdrop for the Pound, with EUR/GBP now expected to trade in a 0.84–0.85 range for several months as Euro-specific risks persist and the Bank of England signals readiness to hike. While ING sees BoE expectations as too hawkish for 2027, one or two hikes look increasingly likely, and the budget risk is seen as manageable for Sterling.
Brent: Uptrend intact with $114–116 in sight – Societe Generale
Societe Generale technical analysts highlight that Brent has been consolidating sideways after meeting an interim hurdle near $110 in September. The contract remains above its 50-day moving average around $97, keeping upward momentum intact. Brent is now testing a short-term descending trend line, with potential objectives at $110 and $114/$116, while the recent $102 low acts as first support.
Fxstreet
Tue, Oct 13
Swiss Franc: Range consolidation persists against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CHF has rebounded but still lacks strong upside momentum. In the near term, they see the Dollar trading in a slightly higher 0.8320/0.8355 band, while over the next 1–3 weeks they expect a narrower 0.8295/0.8365 range. On a 1–3 month horizon, they see continued rebound but not a retest of the July peak.
Fxstreet
Tue, Oct 13
Indian Rupee: RBI measures support but do not reverse trend – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note the Indian Rupee (INR) rebounded sharply after the Reserve Bank of India (RBI) tightened FX derivative rules and imposed additional restrictions, alongside higher-than-expected inflation.Fxstreet
Tue, Oct 13
Euro strengthens against Canadian Dollar as German HICP inflation accelerates, oil eases
EUR/CAD recovers its recent losses from the previous day, trading around 1.5950 during European hours on Tuesday. The currency cross appreciates as the Euro (EUR) gains support following the release of Harmonized Index of Consumer Prices (HICP) inflation data from Germany.
Fxstreet
Tue, Oct 13
Fed’s Waller: Trump is a threat to Fed independence
Federal Reserve (Fed) Governor Christopher Waller said in the Bloomberg New Economy Forum 2026 discussion on Tuesday that United States (US) President Donald Trump is a threat to central bank’s independence. However, Waller has assured that Trump is not succeeding in the same.Fxstreet
Tue, Oct 13
Equities: Rotation out of AI as breadth stays positive – Danske Bank
Danske Research Team highlights that global equities finished broadly flat, masking notable rotation as investors cut AI and semiconductor exposure. Europe and defensive sectors outperformed, with consumer staples leading.Fxstreet
Tue, Oct 13
Indonesian Rupiah gains as BI Governor Destry reaffirms rate autonomy
USD/IDR depreciates after registering modest gains in the previous day, trading around 17,950 during Asian hours on Tuesday. The Indonesian Rupiah (IDR) gained support against the US Dollar (USD) following comments from Bank Indonesia’s (BI) new chief, Destry Damayanti.Fxstreet
Tue, Oct 13
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