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25/09/2026 - 24/10/2026

Mexican Peso rebounds but remains on course for weekly loss amid Iran risk

A daily gain of about 0.32% against the US Dollar has lifted the Mexican Peso, although it remains on course for a weekly loss of more than 1%. The advance comes despite weaker risk appetite amid a potential escalation of the conflict in the Middle East. Having touched 18.80, USD/MXN is trading at 18.66.

23 Oct 2026

South Korean Won: Pullbacks favour recovery – OCBC

As broader risk aversion resurfaced, the South Korean Won (KRW) gave back its initial gains, according to OCBC strategists Christopher Wong and Sim Moh Siong.

23 Oct 2026

Philippine Peso Remains Bearish but Oil Limits Its Scope – OCBC

A larger-than-expected 50bp rate increase by Bangko Sentral ng Pilipinas (BSP) to 5.50% has not relieved pressure on the Philippine peso (PHP), according to OCBC strategists Christopher Wong and Sim Moh Siong, who point to persistent inflation concerns. Although higher rates may curb depreciation, they are unlikely to fully counter elevated oil prices, external imbalances and concerns over domestic growth. Maintaining its cautious stance, OCBC says a sustained PHP recovery requires lower oil prices and an improved external backdrop.

23 Oct 2026

Silver Price Forecast: Bears eye $50 as price hits new yearly low

XAG/USD extends bearish trend with a fresh yearly low of $53.03.

23 Oct 2026

Gold drops below $4,000 as oil rally intensifies weekly sell-off ahead of Fed

With higher energy prices increasing the likelihood that major central banks could tighten monetary policy to curb inflation, Gold (XAU/USD) remains under pressure. The price is down nearly 0.60% on Friday and on course for a weekly loss.

23 Oct 2026

South Korean Won: Consolidation underpinned by hawkish BoK stance – Commerzbank

With strong semiconductor exports supporting higher growth expectations and mounting inflationary pressures, the Bank of Korea (BoK) left its policy rate unchanged at 3.00% following two earlier increases. Commerzbank’s Charlie Lay and Dr. Henry Hao note, however, that the bank’s message was distinctly hawkish.

23 Oct 2026

EUR/USD Price Forecast: Final defence against deeper losses rests on 200-week SMA

Following Thursday’s decline, US Treasury yields and the US Dollar (USD) recover some ground on Friday, leaving EUR/USD under pressure.

23 Oct 2026

Singapore Dollar shows slight upward bias against US Dollar - UOB

USD/SGD traded within a tight range on Thursday, showing little change as safe-haven flows and higher oil prices underpinned the US dollar against Asian currencies, according to United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann.

23 Oct 2026

Gulf attacks lift crude oil to a 22-week high

After trading within a $95.00-$101.00 range from Monday to Thursday, WTI has broken higher following two days of Houthi attacks in Saudi Arabia and strikes on ships leaving the Strait of Hormuz.

23 Oct 2026

Turkish Lira: Caution continues to guide CBRT easing - Commerzbank

A 100bp cut brought the one-week repo rate at Turkey’s Central Bank of the Republic of Türkiye (CBRT) to 36.0%, with similar reductions in overnight rates, according to Tatha Ghose at Commerzbank.

23 Oct 2026

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