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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 the
Fxstreet
Thu, Oct 8
Australian Dollar: Neutral outlook inside tight range against US Dollar – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann note AUD/USD slipped to 0.6943 after previously expecting modest upside, but the move has not generated strong bearish momentum. Intraday, the Australian Dollar (AUD) is seen consolidating between 0.6935 and 0.6975. On a one to three week view, they have shifted to a neutral stance, looking for range trading between 0.6935 and 0.7020 despite longer-term downside risks.
Fxstreet
Thu, Oct 8
Fed’s Waller: Further hikes don’t need to come at consecutive meetings
Federal Reserve (Fed) Governor Christopher Waller said in a speech at the Central Bank of the Republic of Türkiye (TCMB) Istanbul Economic Forum on Thursday that more interest rate hikes are needed as inflation remains too high.Fxstreet
Thu, Oct 8
Euro falls against Canadian Dollar amid French debt fears, oil rally
EUR/CAD continues its losing streak for the fourth successive day, trading around 1.5940 during European hours on Thursday. The currency cross has depreciated as the Euro (EUR) faces ongoing pressure driven by fiscal instability in France and broader contagion fears across the Eurozone.
Fxstreet
Thu, Oct 8
Indian Rupee: Broadening price pressures challenge RBI – Societe Generale
Societe Generale’s Kunal Kundu expects India’s September 2026 headline CPI inflation to jump to 5.6% year-on-year from 4.8% in August, driven by a broad-based food shock and rising energy costs. Core CPI is seen approaching 4.5%, suggesting strengthening underlying pressures.Fxstreet
Thu, Oct 8
Hungarian Forint: Policy contradiction weighs on HUF – Commerzbank
Commerzbank’s Tatha Ghose highlights that Hungary’s MNB minutes confirm a unanimous decision to halt rate cuts, yet offer no discussion of future hikes or cuts. Despite higher medium-term inflation forecasts and a lower target, the bank gives no signal of tightening.
Fxstreet
Thu, Oct 8
British Pound: Downside seen limited near 1.3140 against US Dollar - UOB
UOB strategists Quek Ser Leang and Lee Sue Ann report that GBP/USD failed to extend gains above 1.3286 and instead retreated to 1.3194, closing at 1.3213. Short-term momentum has turned mildly negative, with the pair expected to consolidate within a lower 1.3180–1.3235 intraday band.
Fxstreet
Thu, Oct 8
Equities: Bond stress triggers global stock retreat - Deutsche Bank
Deutsche Bank strategists highlight a global equity selloff as wider European bond spreads and inflation concerns weigh on risk sentiment. European banks lead losses, while the S&P 500 retreats from record highs and the Russell 2000 underperforms.Fxstreet
Thu, Oct 8
Austria Trade Balance above forecasts (€0M) in July: Actual (€268M)
Fxstreet
Thu, Oct 8
Euro gains ground against British Pound despite French debt risks
The EUR/GBP cross recovers some lost ground to near 0.8485, snapping the nine-day losing streak during the early European trading hours on Thursday. The British Pound (GBP) edges lower against the Euro (EUR) amid UK fiscal risks.
Fxstreet
Thu, Oct 8
Indian Rupee: RBI tightening cycle resumes – Commerzbank
Commerzbank’s Charlie Lay reports that RBI has restarted its tightening cycle, hiking the repo rate 25bp to 5.50% and adopting a calibrated tightening stance. The move is pre-emptive, aimed at containing rising inflation expectations amid resilient growth.Fxstreet
Thu, Oct 8
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