Forex Today: Dollar drops with yields in Fed’s aftermath, Evergrande risks loom, BOE to hint at taper?
Here is what you need to know on Thursday, September 23: The risk tone appears
SNB keeps rates-on hold at -0.75%, USD/CHF battles 0.9250
The SNB made no changes to its monetary policy settings in September. USD/CHF remains pressured
SNB’s Jordan: For the time being the expansionary policy is right and no reason to change it
The Swiss National Bank (SNB) Chairman Thomas Jordan said, “for the time being the expansionary policy
USD/CNH: Extra gains seen above 6.4880 – UOB
USD/CNH needs to close above the 6.4880 level to allow for extra gains to, initially,
AUD/JPY to grind higher towards 83.00 by year-end – Westpac
Economists at Westpac stay neutral near-term on AUD/JPY but note that the pair has upside
US Dollar Index to break out to new 2022 highs beyond 94.00 – Westpac
In the view of economists at Westpac, Fed’s taper signal and inching forward of rate
BoJ kept the steady hand in September… again – UOB
Senior Economist at UOB Group Alvin Liew assesses the latest BoJ monetary policy meeting. Key
German Preliminary Manufacturing PMI drops sharply to 58.5 in September vs. 61.5 expected
German Manufacturing PMI arrives at 58.5 in September vs. 61.5 expected. Services PMI in Germany
Eurozone Preliminary Manufacturing PMI misses estimates with 58.7 in September
Eurozone Manufacturing PMI arrives at 58.7 in September vs. 60.3 expected. Bloc’s Services PMI drops
Fed provides fuel for further USD gains – MUFG
The Federal Reserve has delivered another hawkish surprise. In the opinion of economists at MUFG