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October 10, 2025
Asia Open - Overnight Highlights
October 10, 2025 12:00 AM UTC
EMERGING ASIA
EM currencies are trading mostly weaker against the greenback as USD gained strongly on Israel-Hamas truce. The biggest losers are PHP 0.54%, followed by SGD 0.31%, THB 0.17%, CNY 0.11%, MYR 0.04% and HKD 0.01%; while the largest winners is CNH by 0.1%.
USD/CNH is trading lower at 7.1381
October 09, 2025
FX Daily Strategy: Asia, Oct 10
October 9, 2025 9:00 PM UTC
CAD risks on the downside on consensus Canadian employment report…
…but USD/CAD has only modest scope to break above 1.40
EUR/NOK remains range-bound near term, but NOK may yet be re-rated
Hard to find a trigger for near term reversal of JPY weakness
FX Daily Strategy: APAC, Oct 10
October 9, 2025 3:16 PM UTC
CAD risks on the downside on consensus Canadian employment report…
…but USD/CAD has only modest scope to break above 1.40
EUR/NOK remains range-bound near term, but NOK may yet be re-rated
Hard to find a trigger for near term reversal of JPY weakness
Enthusiastic Turkish Medium Term Program Towards 2026-2028 Aims to Find Solutions to Macroeconomic Issues… But Road is Bumpy
October 9, 2025 1:26 PM UTC
Bottom Line: According to the recently announced Medium-Term Program (MTP) for 2026-2028, the main goal of the program remained bringing inflation down to single digits and ensuring price stability soon. Despite GDP growth is forecasted to be 3.8% next year, 4.3% in 2027 and 5% in 2028, we think the
ECB Council Meeting Account Review: Complacency Rules the Day as Financial Conditions Tighten!
October 9, 2025 12:52 PM UTC
Unsurprisingly there was little in the account of the ECB Council Meeting of 10-11 September to suggest any rush to change policy with it clear that members on both sides of the hawks vs doves debate wanted more data amid what was considered to be great uncertainty. Thus, the ECB offered little in