INDEX

1463 ENTRIES · UPDATED 2026.09.26

253 Bundesbank: German Inflation To Stay High On Energy, Healthcare - Sees German Economy Growing Slightly In Q3, Recovering In Q4Bundesbank: German Inflation To Stay High On Energy, Healthcare - Sees German Economy Growing Slightly In Q3, Recovering In Q4 2026.09.21 254 EUR/USD: Bearish Outlook After Fed and ECB Rate DecisionsEUR/USD remains under pressure this week as investors focus on the recent Federal Reserve and European Central Bank (ECB) interest rate decisions. It was trading at 1.1486 ahead of a relatively muted week, in which there will be no major macroeconomic news from the US and Europe. 2026.09.21 255 Yuan hits fresh multi-year peak as PBOC eases curb ahead of Trump-Xi summitChina’s yuan strengthened to more than a 3-1/2-year high against the US dollar on Monday as the central bank softened its curb on currency appreciation ahead of the meeting this week between the leaders of China and the US. US Treasury Secretary Scott Bessent and Chinese Vice Pre 2026.09.21 256 Iran's Guards threaten to hit new targets if US attacksIran’s Revolutionary Guards on Monday warned they would attack new targets and deploy new weapons if the US launches further attacks on the country. Almost seven months into their war, Tehran and Washington remain locked in a stalemate, though neither side appears willing to retu 2026.09.21 257 Iran's IRGC: Still room for geographical expansion of warIran's IRGC: Still room for geographical expansion of war 2026.09.21 258 Gold slips as focus remains on Middle East, rate outlookGold prices slipped on Monday as market participants assessed developments in the Middle East and their implications for inflation and interest rates. Spot gold fell 0.3% to $4,362.60 per ounce by 0417 GMT after hitting a one-week high on Friday. US gold futures were down 0.6% at 2026.09.21 259 Volatile yen draws intervention watch, other currencies subduedCurrency markets focused on the yen on Monday following a sharp drop last week that spurred speculation of a rate check from Tokyo, while investors pondered interest-rate outlooks after a wave of hikes from major central banks last week. The yen was a touch firmer at 156.64 per 2026.09.21 260 When central banks say nothing at allECB President Christine Lagarde insists that monetary policy decisions will be taken meeting by meeting. Fed Chair Kevin Warsh has gone further, explicitly rejecting forward guidance. Both are reluctant to say much about the likely future path of interest rates. Forward guidance 2026.09.21 261 RBA expected to lift interest rates next week: CBA economistsCBA’s Australian Economics team now expects the Reserve Bank of Australia to increase the cash rate by 25 basis points next Tuesday. Head of Australian Economics Belinda Allen said a combination of higher oil prices, stronger-than-expected economic data and increasingly hawkish s 2026.09.21 262 NZ credit card summarySeasonally adjusted total billings in New Zealand were $4.6 billion in August-26. Annually, this was an increase of 3.5 percent from August-25. (Figure 1) • Seasonally adjusted domestic billings on New Zealand issued cards were $4.0 billion in August-26, up 0.4 percent from July- 2026.09.21 263 The up and down Kiwi dollar trading pattern continuesThe push for more competition in the New Zealand economy has been very much in the news over this last week with the National Party announcing a policy to break up the Foodstuffs supermarket cooperative and force two competing brands. Over many years this column has claimed that 2026.09.21 264 Gold, silver shrug off a brutal macro stress testFor non-yielding assets that are priced predominantly in US dollars, the resilience was on full display over the past fortnight, with both metals managing to withstand an incredibly large increase in US Treasury yields, particularly at the front end of the curve, either side of t 2026.09.21