United States Redbook Index (YoY) came in at 10.4%, above forecasts (0%) in October 9

Australian Dollar: RBA inflation focus shapes outlook – Commerzbank

Commerzbank’s Volkmar Baur explains that the Reserve Bank of Australia is increasingly focused on high inflation, with trimmed-mean inflation above its 2–3% target band for over a year.
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Euro: Lower year-end target at 1.13 against US Dollar – ING

ING’s Francesco Pesole writes that EUR/USD is moderately undervalued versus short-term fundamentals, reflecting a persistent France-related risk premium that could widen if French bonds sell off further. He sees a challenging backdrop for Euro bulls, expects a possible test of 1.110, and notes that ING has revised its EUR/USD forecast down to 1.13 for the fourth quarter of 2026 and first quarter of 2027.
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