Brazilian Real: Election surprise supports BRL against US Dollar – ING
ING, Institutional
Brazilian Real: Election surprise supports BRL against US Dollar – ING
ING’s Chris Turner says Brazilian assets are set to rally after Sunday’s presidential vote, where Flavio Bolsonaro secured 47% versus President Lula’s 45%. He expects markets to assume remaining votes lean Bolsonaro, sees currency and bonds benefiting from his fiscal austerity and deregulation agenda, and projects USD/BRL opening near 5.10, with a return to 4.90 […]
by Currency Hedger
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- 4 days ago
Market Analysis, Technical Analysis, USD
Why is the US Dollar rising despite October Fed hike odds fading?
The US Dollar Index (DXY) is testing fresh yearly highs near the 102.50 zone, powered by independent Euro (EUR) weakness and relative resilience in the Federal Reserve’s (Fed) rate path. However, as expectations for an October rate hike diminish following softer inflation and payrolls data, the fundamental drivers behind the Greenback’s momentum are coming under […]
by Currency Hedger
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- 4 days ago
DBS, Institutional
Euro: Pressured yet systemic risk contained – DBS
DBS strategist Philip Wee explains that EUR/USD’s four-week decline reflects shifting risk balances, with renewed Federal Reserve (Fed) tightening overshadowing the European Central Bank (ECB) and France’s fiscal issues overshadowing US concerns. He cautions against extrapolating French stress into a broader Eurozone crisis, emphasizing that current OAT-Bund spread widening is a repricing of known problems […]
by Currency Hedger
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- 4 days ago
Institutional, UOB
Swiss Franc: Tight range expected against US Dollar – UOB
United Overseas Bank (UOB) strategist Quek Ser Leang notes USD/CHF reversed sharply from 0.8382 to close at 0.8286, with intraday price action expected to edge lower toward 0.8245 while staying above 0.8225. On a 1–3 week view, he now sees the pair in a 0.8245–0.8365 range after prior upside momentum faded. Over 1–3 months, he […]
by Currency Hedger
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- 4 days ago
Institutional, Societe Generale
CEE FX: Hawkish holds and cautious easing path – Societe Generale
Societe Generale strategists expect a hawkish hold from Poland’s National Bank of Poland (NBP) at 3.75% and no change from Romania’s central bank NBR at 6.50%, as inflation and political uncertainty constrain policy flexibility. In Poland, firmer inflation keeps the prospect of further tightening alive, while in Romania, elevated price pressures and uncertainty over government […]
by Currency Hedger
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- 4 days ago
Institutional, OCBC
US Dollar: Volatility-driven support into year-end – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong highlight that the US Dollar (USD) has started Q4 2026 on a firm footing, supported by resilient United States (US) growth and hawkish Federal Reserve (Fed) risks. However, they expect only a moderate USD rally into year-end as markets scale back near-term Fed hike expectations and as […]
by Currency Hedger
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- 4 days ago
UK Services Growth Slows as Rising Costs and Weak Demand Limit Momentum
The UK services sector continues to expand, but growth is losing momentum as cautious consumer spending, higher borrowing costs and geopolitical uncertainty weigh on demand. At the same time, rising fuel and payroll costs are putting renewed pressure on businesses, creating a more difficult environment for both margins and employment. The latest S&P Global UK […]
by Currency Hedger
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- 4 days ago
September PMI readings: Eurozone accelerates, UK struggles with labor market
The latest PMI data from S&P Global for September shows a clear expansion of activity in the services sector and composite indicators across Europe. While Eurozone countries, led by Germany, record a distinct rebound, the UK economy struggles with an ongoing slowdown in the labor market and rising cost pressures. United Kingdom (UK) Eurozone Germany […]
by Currency Hedger
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- 4 days ago
EUR, GBP, Market Analysis, Technical Analysis
Trade of the day: GBPUSD
Facts: Recommendation: GBPUSD (D1) Source: xStation5 OPINION : The price is currently near the lower boundaries of two technical formations: a consolidation channel between approximately 1.385 and 1.302, and a narrowing ascending triangle. Looking at the regression line and the RSI indicator, the current setup creates favorable conditions for an upward correction toward approximately 1.385. […]
by Currency Hedger
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- 4 days ago
EUR, Fx Pairs, Market Analysis, Technical Analysis, USD
Chart of the Day: EUR/USD at Lowest Since May 2025 Amid French Fiscal Crisis
Key takeaways The euro is experiencing its worst day in weeks. The EURUSD pair fell to 1.1161, its lowest level since May 2025, following a fourth consecutive week of declines. The reason this time is not Fed policy, but a growing crisis of confidence surrounding French public finances, which is increasingly reminding investors of the […]
by Currency Hedger
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- 4 days ago