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Australia CFTC AUD NC Net Positions dipped from previous $-117.3KÂ to $-127.3K
Australia CFTC AUD NC Net Positions dipped from previous $-117.3KÂ to $-127.3K
Philippine Peso: Bearish but constrained by Oil – OCBC
OCBC strategists Christopher Wong and Sim Moh Siong note Philippine Peso (PHP) remains under pressure even after a larger-than-expected 50bp Bangko Sentral ng Pilipinas (BSP) hike to 5.50%, reflecting persistent inflation concerns. Higher rates may temper depreciation but are unlikely to fully offset elevated Oil prices, external imbalances and domestic growth worries. OCBC keeps a cautious stance, saying a sustained PHP recovery needs lower Oil and a better external backdrop.
South Korean Won: Hawkish BoK supports consolidation – Commerzbank
Commerzbank’s Charlie Lay and Dr. Henry Hao highlight that the Bank of Korea (BoK) kept its policy rate at 3.00% after two prior hikes, but delivered a clearly hawkish message. Strong semiconductor exports underpin higher growth expectations and rising inflation pressures.
EUR/USD Price Forecast: 200-week SMA offers last line of defense
EUR/USD trades on the back foot on Friday as the US Dollar (USD) regains some ground alongside US Treasury yields following Thursday’s decline.
Singapore Dollar: Modest upside bias against US Dollar - UOB
United Overseas Bank strategists (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD was little changed on Thursday, trading in a narrow band as safe-haven flows and Oil gains supported the US Dollar against Asian currencies.
Turkish Lira: CBRT maintains cautious easing stance - Commerzbank
Tatha Ghose at Commerzbank reports that Turkey’s Central Bank of the Republic of Türkiye (CBRT) cut its one-week repo rate by 100bp to 36.0%, alongside similar moves in overnight rates.
British Pound falters near 1.3400 as US business strength lifts US Dollar
The Pound Sterling (GBP) retreats by about 0.16% against the US Dollar (USD) on Friday as US business activity expands, while consumer sentiment worsens, with households complaining about high prices. At the time of writing, GBP/USD trades at 1.3366.
Australian Dollar extends gains on RBA rate hike expectations ahead of Fed decision
AUD/USD extends its gains on Friday, trading around 0.7035 at the time of writing, up 0.20% on the day.
Bank of Canada: Gradual return to neutral – TD Securities
TD Securities’ macro team, led by Andrew Kelvin and Robert Both, does not share market conviction for an October Bank of Canada rate hike. They expect the BoC to hold at 2.25% now, then deliver 25bp increases in December and January, taking policy to the midpoint of its neutral range while monitoring inflation breadth, growth data and the impact of new tariffs.
Japanese Yen pares gains as bond yields fall despite stronger inflation
USD/JPY reverses earlier losses on Friday after slipping to a five-week low of 156.08 during Asian trading hours.
Euro: France-linked spread risks keep EUR unattractive – ING
Francesco Pesole at ING notes that widening French OAT-Bund and OAT-BTP spreads have yet to materially weigh on the euro, but warns that sensitivity to French sovereign risk could return rapidly if spreads approach 200bp.
European Central Bank: One more hike then extended plateau – Commerzbank
Commerzbank economists expect the European Central Bank (ECB) to leave its deposit rate at 2.50% in October, then raise it to 2.75% in December in response to persistent Eurozone inflation.
Euro slips toward 1.1200 as US economic strength overshadows Eurozone
EUR/USD declines for the third consecutive day on Friday, trading around 1.1200, down 0.12% at the time of writing.