EUR/USD
1.12158
0.533%
Gold
4148.38
1.059%
Oil
92.879
-1.237%
USD/JPY
157.756
-0.356%
GBP/USD
1.32556
0.478%
GBP/JPY
209.118
0.128%
Real-time News
On October 15th, ING analyst Chris Turner stated in a report that despite higher-than-expected US inflation data released on Wednesday, both the US dollar and US Treasury yields gave back previous gains as market concerns about the debt burden of the AI industry intensified. Turner pointed out that the dollar did not rise due to safe-haven demand as is often the case; instead, it weakened as the market lowered its expectations for further US interest rate hikes. The Swiss franc benefited most from this shift due to the narrowing interest rate differential between Switzerland and the rest of the world. Turner stated, "Investors are expected to continue closely watching the debt situation of large AI bond issuers today, and any further sell-off could put pressure on the dollar."On October 15th, Sanjay Raja of Deutsche Bank stated that the resilience of the UK economy continues. The UK economy grew by 0.1% in August, marking the third consecutive month of growth. He noted that the UK remains the fastest-growing economy among the G7 countries. However, output in consumer-facing services contracted for the second consecutive month, falling by 0.3%; output in the information and communications sector declined by 0.5%; and the construction sector contracted for the fourth consecutive month, falling by 0.2%. Raja stated that energy prices continue to squeeze household incomes, while higher interest rates are suppressing consumption and investment. Overall, however, the UK economy continues to demonstrate resilience. He pointed out that despite a decrease of 95,000 jobs, UK GDP still grew by 1.8% in the first eight months of this year.On October 15th, Stephanie von Friedeburg, Global Head of Public Sector at Citigroup, stated on Thursday that sovereign wealth funds are increasingly seeking financing channels beyond dollar-denominated bonds as competition for funding intensifies and bond issuance costs rise. Local currency bond markets, including those in the renminbi, Australian dollar, Hong Kong dollar, and Singapore dollar, are attracting attention, with both public sector and private issuers looking to diversify their financing options showing interest.October 15th - EU leaders arrived at the venue on the morning of October 15th local time for the two-day EU summit in Brussels. The meeting was chaired by European Council President Costa, and attended by European Commission President Ursula von der Leyen, European Parliament President Michel Metzela, and leaders of the 27 EU member states. The leaders will discuss topics including EU competitiveness, energy prices, the EUs long-term budget for 2028-2034, support for Ukraine, security and defense, immigration, EU enlargement, and the situation in the Middle East.On October 15th, Barclays economists stated that comments by Bank of Japan (BOJ) policy board member Junko Koeda further reinforced the BOJs assessment that it needs to continue raising interest rates. In her remarks on Thursday, Koeda indicated that Japans neutral interest rate is likely "well above 1%," and that the neutral interest rate, estimated by adding a 2% inflation rate to the potential economic growth rate, may exceed 2%. Barclays economists stated, "We believe her mention of a neutral interest rate potentially exceeding 2% is significant when assessing the BOJs room for further rate hikes." Barclays expects the BOJ to raise interest rates by another 25 basis points in December 2026, followed by further increases in March and July 2027, ultimately raising the policy rate to the terminal level of 2%.
