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Swiss National Bank sees no need to change rates despite Iran risks
Swiss National Bank (SNB) Vice Chairman Antoine Martin 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%," Martin said, according to Reuters, adding tha
Japanese Yen: Breakout to set direction against US Dollar - Societe Generale
Societe Generale strategists Morning Briefing highlight USD/JPY’s sharp rebound from a September low near 152.90, with the pair now capped by key moving averages. They note a sideways pattern between 156.35 and 159, with a break of this range set to confirm direction.
British Pound: BoE hawkish shift could support gains against Euro – ING
ING’s Chris Turner writes that EUR/GBP has been pressured by French-related Euro risk but Sterling may gain further support if the Bank of England aligns with other central banks and hikes rates. Markets will watch centrist policymakers Andrew Bailey and Claire Lombardelli for any hint of backing a hike. ING sees strong support at 0.8455/0.8465, with potential tests of 0.8400 if a November hike looks likely.
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.
Australian Dollar declines as US Dollar gains amid rising Treasury yields
AUD/USD extends its losses for the second successive day, trading around 0.6950 during the European hours on Thursday. The pair loses ground as the US Dollar (USD) gains support amid Treasury yields climbing back toward multi-decade highs not witnessed since 2002.
Euro: Downside risks persist against US Dollar – Commerzbank
Commerzbank’s Thu Lan Nguyen notes EUR/USD briefly slipped below 1.12 again, with weakness driven mainly by Euro-specific concerns rather than US rate expectations.
USD/CAD Price Forecast: Consolidates near 1.4250 as rising oil prices counter bullish USD
The USD/CAD pair attracts some sellers during the first half of the European session on Thursday, though it lacks follow-through and currently trades around mid-1.4200s, nearly unchanged for the day.
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.
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.
Euro hesitates at 1.1200 with Oil and bonds limiting upside attempts
The Euro (EUR) is trading flat at 1.1200 against the US Dollar (USD) on Thursday, as the rebound in oil prices and the ongoing tensions in bond markets keep EUR/USD buyers in check.
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.
CEE FX: Dovish stance keeps Zloty and Leu under pressure – ING
ING’s Frantisek Taborsky highlights pressure on the Polish Zloty and Romanian Leu. With the National Bank of Poland holding rates at 3.75%, a dovish policy message could push EUR/PLN towards 4.380–4.400.
Japanese Yen: Bullish bias within broad range against US Dollar – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann highlight that USD/JPY briefly rose to 158.50 before reversing to 157.83, closing almost unchanged at 158.06. Short-term bias has shifted to the downside toward 157.40, though a clean break lower is uncertain. Over the next one to three weeks, they expects the pair to trade sideways in a 156.35–158.70 band, with longer-term charts still flagging downside risk.