Bank of Canada Preview: Rate Cut Expected.As we highlighted in our October International Economic Outlook, our views on the Bank of Canada (BoC) have changed. We now expect the BoC to cut its policy rate by 25 bps to 2.25% at October's meeting, marking a shift from our prior forecast of a hold through December and through all of 2026.
Japanese Yen Forecast: USD/JPY Faces Volatility on BoJ-Fed Policy Split.Traders brace for USD/JPY volatility as Fed and BoJ rate decisions near. Diverging policy paths and intervention risks could push the pair below 150.
Dollar on backfoot ahead of expected Fed cut, Aussie gains on CPI.The U.S. dollar hovered close to a one-week low versus major peers on Wednesday ahead of a widely expected interest rate cut from the Federal Reserve later in the day.
Australia core inflation jumps in Q3, red flag for rate cut.Australian consumer prices rose by the most in over two years in the September quarter as housing and travel costs climbed, data showed on Wednesday, while a shockingly sharp jump in core inflation seemed to rule out a near-term cut in interest rates.
Australia RBA Trimmed Mean CPI (QoQ) above expectations (0.8%) in 3Q: Actual (1%).Australia RBA Trimmed Mean CPI (QoQ) above expectations (0.8%) in 3Q: Actual (1%)