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JPY: The game of interest rate hikes begins again - Commerzbank
Yesterday, when reports emerged that the Bank of Japan is still considering raising interest rates this year, I experienced a slight sense of déjà vu, Commerzbank's FX analyst Michael Pfister notes.
USD/JPY: Bias is to sell rallies - OCBC
USD/JPY fell to low of 146.31 yesterday on BoJ report saying see chance of hike this year despite politics. Pair subsequently rebounded. Last seen at 147.64 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR shrugs off French political turmoil - Commerzbank
Meanwhile, the euro appears unaffected by events in France, even though France has significantly larger oustanding bond levels than Greece did.
EUR/JPY Price Forecast: Hovers around 172.50 after breaking below nine-day EMA
EUR/JPY holds ground after registering more than 1% losses in the previous three successive sessions, trading around 172.50 during the European hours on Wednesday.
USD/CHF: Near term bounce not ruled out - OCBC
USD/CHF rebounded overnight off its multi-week lows of sub-0.80. Pair was last at 0.7975 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD: Treading water - ING
The dollar is treading water ahead of tomorrow's US August CPI release. Geopolitical developments are having limited influence on FX markets at the moment, with three notable examples worth mentioning, ING's FX analyst Chris Turner notes.
USD: Unimpressed dollar - Commerzbank
The revision of US employment figures for the period from April 2024 to March 2025 was eagerly awaited, especially after last Friday's US labor market report had come as such a big disappointment.
GBP: Quietly outperforming - ING
After all the gyrations in bond markets last week and predictions that the UK would need an IMF bailout, conditions have settled down, ING's FX analyst Chris Turner notes.
DXY: Bears await inflation prints - OCBC
US Dollar (USD) rebounded post-BLS revision in what looked like a 'buy on rumour, sell the fact' trade. DXY was last at 97.82 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Dow Jones futures moves little ahead of US PPI inflation
Dow Jones futures are steady, edging down 0.04% to trade around 45,700 during European hours on Wednesday, ahead of the United States (US) market open. However, the S&P 500 futures advance 0.20% to trade near 6,550, while Nasdaq 100 futures climb 0.28% to trade near 23,950.
China: August CPI back in contraction - UOB Group
China's CPI fell more than expected, by -0.4% y/y in Aug but core CPI continued to edge higher to 0.9% y/y from 0.8% y/y in Jul, marking an 18-month high as government policies stayed geared towards promoting domestic consumption, UOB Group's Economist Ho Woei Chen notes.
EUR: Dollar story dominates over French politics - ING
Uncertainty in French politics has seen the OAT:Bund 10-year government spread settle above 80bp, ING's FX analyst Chris Turner notes.
AUD/USD jumps to near 0.6600 as Australian Dollar gains on cheerful market mood
The AUD/USD pair advances to near 0.6600 during the European trading session on Wednesday.
EUR/USD: Buy dips preferred - OCBC
Euro (EUR) continued to trade near 1.17-handle despite French political risks. Pair was last at 1.1697, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR/USD slides further weighed by growing geopolitical tensions
The EUR/USD is testing levels below 1.1700 at the time of writing on Wednesday, following a reversal from multi-week highs near 1.1780 the previous day.
Pound Sterling gains against its peers amid upbeat market mood
The Pound Sterling (GBP) trades higher against its major currency peers, except antipodeans, on Wednesday. The British currency demonstrates strength as the market sentiment remains upbeat amid firm expectations that the Federal Reserve (Fed) will cut interest rates next week.
EC President von der Leyen: Europe stands in full solidarity with Poland after airspace violation
European Commission (EC) President Ursula von der Leyen said on Wednesday, "Europe stands in full solidarity with Poland after violation of airspace."
Silver Price Forecast: XAG/USD rebounds toward $41.50 as bullish bias persists
Silver price (XAG/USD) recovers its recent losses from the previous session, trading around $41.10 per troy ounce during the early European hours on Wednesday.
NZD/USD strengthens to near 0.5950 ahead of US PPI release
The NZD/USD pair attracts some buyers near 0.5945 during the early European session on Wednesday. The prospect of a jumbo rate cut from the US Federal Reserve (Fed) undermines the US Dollar (USD) against the New Zealand Dollar (NZD).
US PPI data set to show sticky inflation ahead of key CPI report
The United States (US) will publish the August Producer Price Index (PPI) on Wednesday. The report, produced by the Bureau of Labor Statistics (BLS), will be published one day ahead of the Consumer Price Index (CPI) data for the same month, scheduled for Thursday.
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