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Hungarian Forint: HUF strength and euro adoption outlook – Societe Generale
Societe Generale notes EUR/HUF rebounded from its 50-day moving average after a downside surprise in Hungarian CPI. Inflation remains below the MNB target, with the stronger Forint helping to curb price pressures and keep underlying trends subdued.
Fxstreet
Wed, Oct 7
Swiss Franc: Range trading persists against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CHF remains in a tight range in the short term, with intraday levels clustered around 0.8300. Their 1–3 week view maintains a broader consolidation band, while the 1–3 month outlook suggests the pair could continue rebounding but lacks momentum to revisit its July peak.
Fxstreet
Wed, Oct 7
Euro: Political risk weighs but downside seen limited – ABN AMRO
ABN AMRO strategist Georgette Boele notes that changes in interest rate spreads have encouraged speculative short Euro positions, while fiscal and political uncertainty in France and Spain has historically coincided with Euro (EUR) weakness versus the US Dollar (USD).
Fxstreet
Wed, Oct 7
Polish Zloty: Downtrend eyes 4.48 on firm support – Societe Generale
Societe Generale’s Central and Eastern European (CEE) strategy team expects the National Bank of Poland (NBP) to keep rates at 3.75% today, with Governor Glapiński likely to flag inflation risks and prepare markets for a November hike. They see a hawkish stance offering some Polish Zloty (PLN) support but still expect EUR/PLN to trade above 4.35 given geopolitical and external risks, after the pair extended gains toward 4.40/4.41 resistance.
Fxstreet
Wed, Oct 7
ECB’s Pereira: No second-round inflation effects at present
European Central Bank (ECB) official and Governor of the Bank of Portugal Santos Pereira said during the European trading session has ruled out fears of second-round inflation effects. Pereira advised that France should pursue fiscal prudence.Fxstreet
Wed, Oct 7
Australian Dollar: Neutral outlook inside tight range against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that AUD/USD extended its recent gains on Tuesday, helped by improved risk appetite, but they still characterise the near-term move as only a tentative recovery.
Fxstreet
Wed, Oct 7
Polish Zloty: NBP cautious as inflation overshoots – Commerzbank
Commerzbank’s Tatha Ghose highlights that Poland’s National Bank (NBP) is expected to keep its base rate at 3.75% in October, with guidance from Thursday’s press conference key. Several MPC members now see scope for rate hikes if projections show inflation above 4% next year.Fxstreet
Wed, Oct 7
Czech Koruna: CNB path lifted on inflation risks – Standard Chartered
Standard Chartered’s Saabir Salad now expects the Czech National Bank to deliver two additional 25bps hikes, in November 2026 and Q1-2027, after a pre-emptive move in June. This would lift cumulative tightening to 75bps and the policy rate to 4.25% by end-Q1-2027.
Fxstreet
Wed, Oct 7
Euro falls against Canadian Dollar as surging oil prices overpower strong German data
EUR/CAD continues its losing streak for the third successive day, trading around 1.5920 during the European hours on Wednesday. The currency cross is under downward pressure as the Euro (EUR) faces headwinds despite a stronger-than-expected rebound in German industrial performance.
Fxstreet
Wed, Oct 7
France Imports, EUR above expectations (€0B) in August: Actual (€60.3B)
Fxstreet
Wed, Oct 7
British Pound: Upside capped near 1.3315 against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann report that GBP/USD broke above their prior resistance level as the British Pound (GBP) outperformed on Tuesday, invalidating an earlier mildly bearish view.
Fxstreet
Wed, Oct 7
Equities: Valuation reset underpins new highs – Danske Bank
Danske Research Team observes US equities extending their rebound, with the S&P 500 and Nasdaq posting fresh record highs and cyclical laggards leading gains. The team argues markets are not excessively optimistic, noting valuation multiples have compressed over the past year and quarter.
Fxstreet
Wed, Oct 7
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