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Chinese Yuan: Upside bias within defined band against US Dollar – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann describe USD/CNH as holding largely unchanged, but with a slight increase in downward momentum. Intraday, they see the bias tilted lower toward 6.6950, with resistance at 6.7055 and 6.7100 and a clear break below 6.6950 deemed unlikely. Over 1–3 weeks, they expect USD/CNH to trade between 6.6950 and 6.7270, while over 1–3 months they anticipate gradual downside as long as it stays below the cloud near 6.7815.Fxstreet
Thu, Oct 8
Fed's Musalem signals more tightening as inflation stays elevated
St. Louis Fed President Alberto Musalem is crossing the wires at an event organized by the Minneapolis Fed. So far, he commented that inflation is elevated and that to bring it back to the 2% goal, “more monetary policy firming will be required.”Fxstreet
Thu, Oct 8
Singapore Dollar: Further weakness possible against US Dollar – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann note that USD/SGD rebounded to 1.2810 before closing at 1.2797. While upward momentum is rebuilding, it remains insufficient to signal a sustained advance. The pair could edge above 1.2810, but the major resistance at 1.2835 is unlikely to be reached.
Fxstreet
Thu, Oct 8
European Central Bank: Neutral communication with upside inflation risks – Nordea
Nordea’s Chief Analyst Jan von Gerich interprets the ECB’s September monetary policy account as supporting further rate hikes, likely in December and March. The Governing Council remains focused on upside inflation risks, especially from persistent energy shocks and resilient growth.Fxstreet
Thu, Oct 8
Europe: Sovereign stress and China trade tensions – Rabobank
Rabobank’s RaboResearch Global Economics & Markets team underscores renewed pressure in European sovereign yields and rising political-economic tensions with China. The report notes sharp moves in French, Italian and Greek bonds and discusses Europe’s struggle with Chinese hybrid vehicle imports.Fxstreet
Thu, Oct 8
United Kingdom: GDP momentum seen slowing – Deutsche Bank
Deutsche Bank Research, led by Chief UK Economist Sanjay Raja and economist Maui Brennan, nowcasts UK GDP flat in August 2026 after a strong July. They expect services to rise slightly, with declines in production and construction.Fxstreet
Thu, Oct 8
Romanian Leu: Policy on hold as politics weigh – Societe Generale
Societe Generale expects no change from the NBR, keeping the policy rate at 6.50% as political deadlock in Bucharest and Romanian Leu weakness offset the sharp fall in inflation. The bank notes Headline CPI has dropped markedly on base effects. It highlights ongoing government formation uncertainty and warns that prolonged turmoil could jeopardize Romania’s Investment Grade rating.Fxstreet
Thu, Oct 8
China: PBoC rules out competitive Yuan devaluation to boost trade
The People's Bank of China (PBoC) said on Thursday that China has neither the need nor the intention to depreciate the Chinese Yuan (CNY) to gain a competitive advantage in international trade, according to a statement reported by Reuters.Fxstreet
Thu, Oct 8
Swiss Franc: Range trading holds for now against US Dollar – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann note that USD/CHF price action has been quiet, with the pair expected to stay confined intraday between 0.8310 and 0.8345. Over a 1–3 week horizon, they reiterate that USD/CHF has likely entered a range-trading phase between 0.8245 and 0.8365. On a 1–3 month view, they see scope for further rebound but limited momentum to revisit the July peak.
Fxstreet
Thu, Oct 8
Swiss National Bank sees no need to change rates despite Iran risks
Swiss National Bank (SNB) Chair Martin Schlegel sees no need to adjust monetary policy at this stage, as inflation remains within the central bank's 0%-2% price stability range. "We remain comfortably within the price stability range of 0% to 2%," Schlegel said, according to Reuters, adding that theFxstreet
Thu, Oct 8
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