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USD/CNH: Next support level to monitor is 7.0875 - UOB Group
US Dollar (USD) could drop to 7.0980 before stabilisation is likely; a sustained drop below this level appears unlikely.
ECB wage tracker signals softer pressures ahead - BBH
The ECB remains well-positioned to keep rates steady as wage growth trends lower, reinforcing confidence in inflation returning to target and supporting EUR/USD's ongoing uptrend, BBH FX analysts report, BBH FX analysts report.
USD/JPY might weaken to 145.85 - UOB Group
Strong downward momentum may lead to further US Dollar (USD) weakness, possibly toward 145.85. In the longer run, sharp increase in short-term downward momentum suggests USD could weaken to 145.85, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY slides to near 146.20 ahead of Fed's monetary policy outcome
The USD/JPY pair falls further to near 146.20 in the European trading session on Wednesday. The pair faces selling pressure as the US Dollar (USD) trades cautiously ahead of the Federal Reserve's (Fed) monetary policy announcement at 18:00 GMT.
GBP shrugs off in-line CPI data - BBH
Pound Sterling (GBP) showed little reaction to the UK's August CPI release, which broadly matched expectations, though persistently elevated core and services inflation highlight slow disinflation and reinforce stagflation risks, BBH FX analysts report.
NZD/USD might test 0.6010 in the near future - UOB Group
New Zealand Dollar (NZD) could test 0.6010 but it is unlikely to be able to break clearly above this level. In the longer run, there is a chance for NZD to rise to 0.6010; the likelihood of it reaching 0.6040 is not high for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD holds above 0.6665 awaiting US Fed's decision
The Australian Dollar is trading lower from year-to-date highs at 0.6690 on Wednesday, yet with downside attempts limited above previous highs, at the 0.6665-0.6670 area, as investors await the outcome of the Fed's meeting, due later today.The US Dollar Index, which measures the value of the Dollar
BOC poised for 25bps rate cut - BBH
The Bank of Canada (BOC) is expected to cut the policy rate 25bps to 2.50% after being on hold since April (2:45pm London, 9:45am New York), BBH FX analysts report.
AUD/USD to edge above 0.6700 - UOB Group
There is a chance for Australian Dollar (AUD) to edge above 0.6700; a sustained rise above this level appears unlikely.
USD: Bumpy ride on the Fed roller coaster - ING
It's FOMC day, and the Fed is widely expected to cut rates by 25bp. There are many moving parts to today's meeting, but let's go through a few of them.
LME Aluminium tom-next spread rises - ING
LME Aluminium prices extended the upward rally for an eighth consecutive session, with prices closing well above US$2,700/t (the highest level since 20 February 2025) yesterday, driven by expectations of a US Federal Reserve rate cut this week and a weaker dollar index (the lowest level since 2022),
Federal Reserve set to resume interest-rate cuts as concerns over labor market mount
The United States (US) Federal Reserve (Fed) will announce monetary policy decisions and publish the revised Summary of Economic Projections (SEP), the so-called dot plot, following the September policy meeting on Wednesday.
GBP/USD: Scope to extend to 1.3700 - UOB Group
While overbought, the advance in Pound Sterling (GBP) has scope to extend to 1.3700. In the longer run, there is room for further GBP gains toward 1.3700; the odds of an extended rise to 1.3765 are currently lower, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD: The many facets of the Fed meeting - Commerzbank
Today's Fed meeting promises to be one of the most exciting in a long time, as it holds plenty of potential for surprises. Let's start with the interest rate move: a 25 basis point cut is fully priced in.
GBP: Short-lived trip after Liberation Day seems to be over on the options market - Commerzbank
There was an increase in positive risk reversals in GBP/USD in the aftermath of Liberation Day, which had not occurred in previous years.
EUR/USD: Level to watch is 1.1955 - UOB Group
Strong momentum continues to suggest a higher Euro (EUR); it remains to be seen if it can break above 1.1915. In the longer run, the risk is for EUR to continue to rise; the level to watch is 1.1955, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
JPY: BoJ to keep its policy rate unchanged - OCBC
Japanese Yen (JPY) has strengthened following news that Minister Koizumi has been confirmed as a candidate in the LDP leadership race, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Dow Jones futures move little as traders await Fed policy decision
Dow Jones futures remain steady near 45,750 during European hours on Wednesday, ahead of the United States (US) market open. Moreover, the S&P 500 futures decline 0.20% to trade near 6,600, while Nasdaq 100 futures depreciate 0.10% to trade around 24,2500.
EUR/USD breaks out of range - Société Générale
EUR/USD has broken higher, reinforcing bullish momentum with MACD firmly positive and upside projections pointing to 1.1925 and 1.2000, while the 50-DMA offers a strong safety net on pullbacks, Société Générale's FX analysts note.
CAD: Today's Bank of Canada cut not the last - ING
Markets are fully pricing in a 25bp rate cut by the Bank of Canada today, ING's FX analyst Francesco Pesole notes.
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