South Korean Won Strengthens Near 2-Year High
KRW, Market Analysis
South Korean Won Strengthens Near 2-Year High
The South Korean won traded around 1,333 per dollar, recovering losses and approaching its strongest level since October 2024, as an easing semiconductor sell-off and renewed appetite for riskier assets lifted the currency. Foreign investors returned to net buying in South Korean equities, purchasing KRW 343.5 billion worth of shares after a prolonged tech-led rout, […]
by Currency Hedger
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- 3 weeks ago
Austria Inflation Confirmed at 4-Month High
Austria’s annual inflation rate rose to 3.6% in September 2026 from 3.2% in August, confirming preliminary estimates. The increase was mainly driven by higher inflation in transportation (10.8% vs 7.8% in August) and housing and utilities (4.2% vs 3.3%). It also increased for alcoholic beverages and tobacco products (2.4% vs 2.0%), food and non-alcoholic beverages […]
by Currency Hedger
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- 3 weeks ago
Warsh Comments Boost Bets on Fed Rate Hold in October
Fed Chair Warsh refrained from signalling the outcome of this month’s FOMC meeting, but said hotter-than-expected inflation had not altered his assessment of the US economy, prompting traders to further scale back expectations of an October rate hike. Speaking at an IMF summit in Bangkok, Chair Warsh said that “I don’t prejudge meetings. I don’t […]
by Currency Hedger
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- 3 weeks ago
EUR, Market Analysis, Technical Analysis
Euro retreats further as solid UK data supports British Pound
The Euro (EUR) remains on its back foot against the British Pound (GBP) on Friday, as UK macroeconomic data released on Tuesday beat expectations while Eurozone’s figures disappointed. The EUR/GBP pair hit session lows around 0.8440 on Friday, down from Thursday’s highs near 0.8480, and is on track to complete a three-week bearish cycle. Data […]
by Currency Hedger
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- 3 weeks ago
Institutional, MUFG
Japanese Yen: BoJ’s Koeda reinforces tightening case – MUFG
MUFG’s Michael Wan reports that Bank of Japan (BoJ) Board Member Junko Koeda has strengthened the case for further policy tightening. Koeda emphasized upside price risks, still-accommodative financial conditions and judged the neutral rate to be well above 1%. MUFG sees her remarks as consistent with continued policy normalization, with swaps implying a high probability […]
by Currency Hedger
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- 3 weeks ago
Economic Calendar – Final Eurozone CPI Inflation, US Manufacturing, and Regional Bank Earnings
Key takeaways Friday’s session in the financial markets is marked by the analysis of the further path of US interest rates in the face of significant surprises in inflation readings and incoming financial reports from the US banking sector. During the Asian session, the People’s Bank of China set the yuan reference rate at its […]
by Currency Hedger
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- 3 weeks ago
JPY, Market Analysis, Technical Analysis
Japanese Yen holds gains on BoJ’s hawkish tilt
The USD/JPY pair loses ground to near 157.85 during the early European trading hours on Friday. Hawkish hints from Bank of Japan (BoJ) policymakers provide some support to the Japanese Yen (JPY) against the US Dollar (USD). BoJ board member Junko Koeda said on Thursday that the central bank should not become overly cautious about […]
by Currency Hedger
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- 3 weeks ago
BoJ’s Ueda: Central bank will continue to raise policy rates
On behalf of Bank of Japan (BoJ) Governor Kazuo Ued, Deputy Governor Shinichi Uchida said during the European trading session on Friday that the central bank will continue to raise policy rate in accordance with economic, price, and financial developments, reiterating the hawkish monetary policy stance. Additional remarks Stabilising underlying inflation at level around 2% […]
by Currency Hedger
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- 3 weeks ago
Dankse Bank, Institutional
Equities: Defensive rotation but indices near highs – Danske Bank
Danske Bank’s Danske Research Team observes that equities traded mostly lower, with defensives outperforming cyclicals and the SOX declining for a fifth session amid an ongoing AI-related rotation and mixed US bank earnings. However, several indices remain close to all-time highs, which the team interprets as sector rotation rather than broad deleveraging, given a resilient […]
by Currency Hedger
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- 3 weeks ago
CommerzBank, Institutional
US Dollar: Strong data yet limited support – Commerzbank
Commerzbank’s Thu Lan Nguyen notes that despite stronger-than-expected US inflation, retail sales and producer prices, the Dollar and EUR/USD have largely reverted to pre-data levels. She argues that without a shift toward more overall Federal Reserve tightening, US rate expectations and the US–Euro area differential stay broadly sideways, leaving recent EUR/USD weakness driven more by […]
by Currency Hedger
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- 3 weeks ago