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United States Dollar Index strengthens as oil surge bolster Fed rate hike bets
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive day and trading around 101.20 during Asian hours on Tuesday.
Fxstreet
Tue, Sep 29
Japan’s Katayama says undervalued Yen generally poses problems
Japanese Finance Minister (FM) Satsuki Katayama said on Tuesday that she believes that undervalued Japanese Yen is problematic, while saying that she agreed with Treasury Secretary Scott Bessent to beef up cooperation when asked about phone talks on September 25.
Fxstreet
Tue, Sep 29
RBA set to hike interest rate to 4.60% in September as inflation remains elevated
The Reserve Bank of Australia (RBA) is widely expected to raise the Official Cash Rate (OCR) by 25 basis points (bps) to 4.60% from 4.35% on Tuesday, after keeping rates unchanged at its previous two meetings
Fxstreet
Tue, Sep 29
Iran’s Araghchi says if US wants deal or peace, Tehran has offered solution
Iran's Foreign Minister Abbas Araghchi said on Monday that Tehran discussed proposals with Qatari mediators that are to be put to the United States (US), IRNA reported. He added that the US response will be conveyed to Iran through the Qatari mediators.Fxstreet
Mon, Sep 28
US Dollar: Fed hiking path and data risks – TD Securities
TD Securities economists Oscar Munoz and Eli Nir see an October Federal Reserve hike as increasingly likely, with Fedspeak remaining hawkish and officials “expecting more hikes.” They highlight strong PCE inflation, modest ISM Manufacturing gains, and a softer September NFP with higher unemployment.Fxstreet
Mon, Sep 28
UK Chancellor Healey: We will maintain control of Britain's finances
United Kingdom (UK) Chancellor of the Exchequer John Healey said during the European trade on Monday that the administration will maintain control of Britain's finances while speaking about the upcoming fiscal budget this year.Fxstreet
Mon, Sep 28
US Treasuries: Yields hit multi-year highs – Deutsche Bank
The Deutsche Bank Early Morning Reid details a sharp rise in US Treasury yields, with the 10-year reaching its highest level since 2007 and the 30-year touching levels last seen in 2004. The move is driven by strong data and increased odds of a Federal Reserve hike in October.Fxstreet
Mon, Sep 28
EUR/USD: Consensus shifts lower on Dollar resilience – Societe Generale
Kit Juckes at Societe Generale notes that EUR/USD forecasts have been repeatedly revised down as Dollar strength persists. While consensus has moved from 1.20 to 1.16 and Societe Generale now sees 1.15, client discussions suggest markets are even more Dollar-bullish.
Fxstreet
Mon, Sep 28
S&P 500: Equities resilient despite rates selloff – Deutsche Bank
Deutsche Bank’s Jim Reid notes that global equities, including the S&P 500, held up well despite a notable rise in bond yields and hawkish rate expectations. The S&P 500 gained over 1% on the week and remains close to record highs, supported by optimism on growth and strong PMI data.
Fxstreet
Mon, Sep 28
Japanese Yen: BOJ back-to-back hike risk – Rabobank
Rabobank’s RaboResearch Global Economics & Markets team flags potential historic tightening by the Bank of Japan (BOJ). Former BOJ director Momma sees another 25 basis point hike as a real possibility, which would be the first back-to-back move in decades.Fxstreet
Mon, Sep 28
Japan’s Mimura reiterates fears US-Japan joint intervention
Japan's top currency diplomat Atsushi Mimura said on that markets should take at face value the "very clear" message Tokyo and Washington delivered last week on the Yen, signalling his resolve to act against excessive falls in the currency, Reuters report.Fxstreet
Mon, Sep 28
United States Dollar Index remains stronger as hawkish Fed signals drive rate hike bets
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, inched lower after opening at a bullish gap, remaining in the positive territory and trading around 101.10 during European hours on Monday.Fxstreet
Mon, Sep 28
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