Banxico unanimously holds benchmark rate at 6.50%
On Thursday, the Bank of Mexico (Banxico) held interest rates unchanged at 6.50% for the third time, as expected, in a unanimous decision.
Currencies
EUR/USD Slide Shows How US Real Yields Are Overpowering Euro Strength
EUR/USD traded in the 1.1375 to 1.1385 band on Thursday, extending its slide for a third straight session and printing its lowest level since July 28 during the Asian session. The pair has now fallen in seven of the pas…
Europe: Rightward risks build – Standard Chartered
Standard Chartered argues that Europe’s political balance could shift to the right in 2027, with key elections in France, Spain, Italy and Poland. The bank highlights France’s presidential race as most critical, warning…
Germany: Resilient but modest recovery – Commerzbank
Commerzbank’s Chief Economist Dr. Jörg Krämer notes that leading indicators such as the Ifo business climate index and PMIs have surprised to the upside, showing the German economy’s resilience to high energy prices and…
United States: Bifurcated revival with advanced sectors – ING
ING’s James Knightley and Coco Zhang argue that US manufacturing is finally reviving after years of stagnation, helped by reshoring narratives, AI-driven investment and defence spending. They forecast US manufacturing v…
Canadian Dollar falls to two-month low as higher US yields outweigh Oil support
USD/CAD extends its advance on Thursday, climbing to its highest level since mid-July. The pair has posted only one daily decline over the past 12 trading days, reflecting the diverging monetary policy outlooks of the F…
Gold bears tighten their grip as Fed rate hike bets rise
Gold (XAU/USD) slides to a one-week low on Thursday as rising US Treasury yields and a stronger US Dollar (USD) reflect an increasingly hawkish Federal Reserve (Fed) outlook. At the time of writing, XAU/USD trades aroun…
What Happens After a Clearout Candle?
Storm-related power outages can significantly increase the chance of a house fire or carbon monoxide (CO) poisoning. Items like generators, candles, and downed-power lines all pose a risk. The Consumer Product Safety Co…
Euro advances as strong German IFO, cautious BoJ outlook weigh on Japanese Yen
EUR/JPY trades higher around 180.55 on Thursday, gaining 0.19% on the day at the time of writing. The Euro (EUR) receives support from stronger-than-expected German business sentiment data, while uncertainty surrounding…
FX Outlook: Hawkish Wave to Hit Scandinavia
We expect the Riksbank to deliver a hawkish hold, hinting at an imminent rate hike, which we expect in November. In Norway, we see a rate hike in a close decision. NOK faces greater upside than SEK as markets and consen…
Australian Dollar: Labor data underpins RBA hike view – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad observes AUD/USD trading near its 200-day moving average support as broad Dollar strength weighs on the pair. Australia’s August labor force report, with stronger-than-expect…
US President Trump: Super Intelligence will be a big topic of discussion
United States (US) President Donald Trump shares excitement ahead of meeting with Chinese leader Xi Jinping through a post on Truth.Social.
Mexican Peso: Downward momentum returns after 200-DMA break – Societe Generale
Societe Generale analysts, including Kenneth Broux, note that USD/MXN has broken above a multi-month descending trend line and reclaimed its 200-day moving average for the first time since April 2025. They see scope for…
Asian stock markets trade mixed ahead of Trump-Xi meeting
Asian stock markets reflect a mixed performance on Thursday ahead of the meeting between United States (US) President Donald Trump and Chinese leader Xi Jinping later in the day.
British Pound holds gains despite stronger US PMI, hawkish Fed stance
The GBP/USD pair posts modest gains near 1.3240 during the early European trading hours on Thursday. However, the potential upside for the major pair might be limited amid a widening policy gap between a hawkish Federal…
Asian currencies mixed as dollar holds two-month high, yen stays near lows
Chinese authorities have done well to keep USD/CNY under control in 2025. We expect the same again for 2026. Asian high-yielders have had a bad year, but if one of them is to recover, we would expect it to be the Indian…
Oil: Geopolitics tighten physical markets – Commerzbank
Commerzbank analysts note that escalating US-Iran tensions and fresh attacks in the Strait of Hormuz are tightening physical oil markets, with record premiums at Cushing pointing to strong demand for immediate supply. S…
British Pound bears retain control near July lows amid Fed-BoE divergence
The GBP/USD pair sticks to a mildly negative bias for the fourth straight day, trading around the 1.3230-1.3225 region during the Asian session on Thursday, near its lowest level since early July, touched the previous d…
ECB's Kocher says must prevent too high inflation, becoming entrenched
European Central Bank (ECB) Governing Council member Martin Kocher said on Thursday that the central bank must prevent too high inflation from becoming entrenched.
Indonesian Rupiah faces pressure amid fiscal concerns
Strong US manufacturing data boosts expectations for an October Fed rate hike to 69.7%.
Euro weakens below 1.1400 as Fed rate hike expectations reinforce US Dollar strength
The EUR/USD pair loses ground to near 1.1380 during the early Asian trading hours on Thursday. The major pair extends its downside as hawkish signals from the US Federal Reserve (Fed) boost the US Dollar (USD) against t…
Ukraine's President Zelenskyy says ready for energy ceasefire with Russia
Ukrainian President Volodymyr Zelenskyy said Kyiv remains ready for a bilateral “energy ceasefire” with Russia after holding separate talks with the leaders of the United States (US) and the United Kingdom (UK) in New Y…
Australian Dollar cools off against the New Zealand Dollar before jobs data
Tuesday's peak just under 1.2500 was the highest for AUD/NZD since early 2013. The cross is trading just above 1.2400, on track for a second straight down day.
US Treasury Secretary Bessent says US-China trade truce extended through January 10
US Treasury Secretary Scott Bessent said that the United States (US) and China have agreed to extend a bilateral trade truce that was set to expire in November through January 10, Blomoberg reported on Wednesday. This m…