EUR/USD
1.17501
-0.302%
Gold
3651.79
0.203%
Oil
62.602
-1.085%
USD/JPY
148.032
0.030%
GBP/USD
1.34840
-0.508%
GBP/JPY
199.613
-0.466%
Real-time News
On September 19th, strategists at Royal Bank of Canada Capital Markets said in a report that the UK economy has shown resilience this year, achieving 1.0% growth in the first half of the year, which is good news for the pound. They pointed out that although the pound may fall in the short term due to concerns about fiscal sustainability before the announcement of the Autumn Budget in November, it is expected to rebound in the long run. If the UK economy remains resilient in the medium term, the pound "may not be as unattractive as many people think." The strategists also said that the pound may benefit from its attractive yield in the so-called "carry trade" - in such transactions, investors borrow low-yielding currencies and invest in high-yielding currencies. Royal Bank of Canada expects the pound to rise to 1.43 against the US dollar by the fourth quarter of 2026.Diesel loadings at the Russian port of Vladivostok in September were set at 1.1 million tonnes, compared with 1.33 million tonnes in August.Russian Central Bank: As of September, gold reserves were 74.8 million ounces.On September 19th, strategists at RBC Capital Markets predicted that the euro could appreciate from its current level of 1.1759 to 1.24 against the dollar by the fourth quarter of 2026, as the European Central Bank maintains interest rates for an extended period. They noted that the market is still pricing in the risk of further rate cuts, but this expectation is likely to fade in the coming months as the economic growth outlook remains stable. In contrast, the Federal Reserve resumed its rate cuts on Wednesday and signaled further reductions. Lower interest rates will reduce the cost for foreign investors to hedge against a depreciating dollar. At the same time, the market anticipates continued capital flows from the US to Europe, leading to adjustments in asset allocations.Benchmark: Upgrade Intel (INTC.O) rating to buy from hold.
