EUR/USD
1.16468
-0.200%
Gold
4262.85
0.875%
Oil
56.619
-0.856%
USD/JPY
150.783
0.204%
GBP/USD
1.34033
-0.252%
GBP/JPY
202.103
-0.048%
Real-time News
On October 20th, with the US government shutdown resulting in a lack of key data this week, US dollar and US Treasury investors will carefully scrutinize Fridays delayed inflation data to assess the outlook for US interest rates. Kudotrade analyst Konstantinos Chrysikos noted, "A reading that meets or falls short of expectations could reinforce market expectations for deeper policy easing in 2025-2026, thereby renewing downward pressure on yields and the US dollar." In his view, only data that significantly exceeds expectations could materially challenge current expectations for a series of further rate cuts.On October 20th, XTB analyst Kathleen Brooks noted that the expected acceleration in UK inflation in September will strengthen the Bank of Englands case for delaying further interest rate cuts until next year, providing support for the British pound. According to a Wall Street Journal survey of economists, data on Wednesday is expected to show that UK year-on-year inflation rose to 4.0% in September. Brooks said the next Bank of England rate cut is expected as early as February of next year, by which time inflation should have begun to moderate. She said that upward inflationary pressures and expectations of no more rate cuts before 2026 are likely to boost the British pound in the coming months.U.S. Transportation Secretary Duffy: SpaceX is behind schedule, and the contracts currently held by SpaceX will be made public to introduce a competitive mechanism.On October 20th, Capital Economics economist Adrian Prettejohn predicted that the Swiss National Bank (SNB) would revert to negative interest rates as inflation approaches zero and geopolitical risks continue to push up the Swiss franc. He stated that with inflation expected to average zero in 2026, the SNB could lower its key interest rate from the current 0% to -0.25% sometime next year. The Swiss franc is likely to see a new wave of safe-haven inflows in the coming months, further justifying the central banks actions. Prettejohn also emphasized that negative interest rates will not reappear elsewhere, as Switzerlands inflation and neutral interest rate are lower than those of other countries.Pakistans Defense Minister: Ceasefire agreement with Afghan Taliban depends on whether they can control armed attacks on Pakistan from their territory.
