India 10Y Yield Retreats From 3-Year Highs
India 10Y Yield Retreats From 3-Year Highs
The yield on India’s 10-year G-Sec eased to around 7.37%, retreating from three-year highs as a decline in US Treasury yields, driven by safe-haven demand amid a selloff in technology stocks, supported Indian government securities. The US 10-year Treasury yield fell to a three-week low of 5.11%, reversing its rise to 5.33% after stronger-than-expected September […]
by Currency Hedger
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- 4 weeks ago
Market Analysis, Metals, Technical Analysis
Zinc Price Forecast: Futures Fall to Two-Month Low Near $3,670 as Chinese Supply and US Dollar Pressure Prices
Zinc futures have fallen to approximately $3,670 per tonne in mid-October, reaching their lowest level since early August. The decline reflects expectations of increased Chinese zinc concentrate availability and renewed pressure from a stronger US dollar. However, tightening production conditions in Western markets and uncertainty surrounding European smelting capacity continue to create a more complex […]
by Currency Hedger
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- 4 weeks ago
Commodities, Market Analysis, Technical Analysis
Palm Oil Leads Agricultural Commodity Declines as Cotton and Wool Also Weaken
Agricultural commodities are facing renewed selling pressure, with palm oil recording the largest decline among the leading losers. Palm oil prices are down 1.53%, while cotton has fallen 0.95% and wool has slipped 0.93%. The declines place these three markets among the weakest performers in the agricultural commodity sector, with near-term price direction likely to […]
by Currency Hedger
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- 4 weeks ago
German Bund Yields at 5-Week Low
The German 10-year Bund yield tumbled 8 basis points to 3.38%, its lowest level in five weeks, tracking its US counterparts lower. The decline came amid a global flight to safety following an equity sell-off driven by AI-related concerns and fears over elevated borrowing costs, persistent inflationary pressures, high interest rates, and elevated oil prices. […]
by Currency Hedger
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- 4 weeks ago
French 10-Year Bond Yield Tracks Peers Lower
France’s 10-year OAT yield fell to 4.76%, its lowest level in nearly a week, tracking broader declines across European bond markets amid a global flight to safety following an equity sell-off driven by AI-related concerns, persistent inflationary pressures, high interest rates and elevated oil prices. Despite the latest decline, French borrowing costs remain near their […]
by Currency Hedger
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- 4 weeks ago
ING, Institutional
Polish Zloty: Exposed as NBP delays tightening – ING
ING’s Frantisek Taborsky highlights slightly higher final Polish inflation and unchanged core forecasts, with most Monetary Policy Committee members signalling that December is the earliest for rate-hike discussions. He argues delayed National Bank of Poland tightening, a firmer Dollar and record gas prices leave the Zloty vulnerable, and reiterates expectations for EUR/PLN to return to […]
by Currency Hedger
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- 4 weeks ago
CommerzBank, Institutional
Turkish Lira: Managed depreciation fails to remove devaluation risk – Commerzbank
Commerzbank’s Tatha Ghose reports that Central Bank of the Republic of Türkiye (CBRT) Governor Karahan claims a faster Lira depreciation is being allowed to avoid a sharper future devaluation. Ghose argues that USD/TRY remains on a mechanically managed, roughly 20% annualised depreciation path, which is still too slow versus 30–35% inflation. With CBRT cutting rates, […]
by Currency Hedger
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- 4 weeks ago
Institutional, MUFG
Japanese Yen: BoJ hawkishness supports JPY against US Dollar – MUFG
Lee Hardman at MUFG highlights that the Japanese Yen has benefited from risk-off trading and hawkish Bank of Japan commentary, pushing USD/JPY back below 158.00. BoJ board member Junko Koeda signalled upside risks to prices and a neutral rate well above 1%, while MUFG still expects no move at the October meeting but another hike […]
by Currency Hedger
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- 4 weeks ago
CHF, Market Analysis
Swiss Franc pares gains as Swiss producer inflation data disappoints
The Swiss Franc (CHF) is giving back gains against the US Dollar (USD) on Thursday. The USD/CHF pair has returned to levels just above 0.8300, after a nearly 1.4% sell-off to 0.8280 lows on Wednesday following dovish comments from Fed officials, while, in Switzerland, soft Producer and Import Prices Index figures have failed to support […]
by Currency Hedger
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- 4 weeks ago
OCBC
Indian Rupee: Recovery against US Dollar constrained by externals – OCBC
OCBC Bank’s Christopher Wong argues that recent RBI measures and the governor’s willingness to act further have curbed speculative activity and supported the Indian Rupee. However, stronger US Dollar, elevated Oil prices and external headwinds are seen limiting gains, with technicals pointing to moderating downside in USDINR and key support at 94.70 and 94.20 and […]
by Currency Hedger
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- 4 weeks ago