RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
BOJ Governor Kazuo Ueda Hints at Rate Hike as Inflation Pressures Build 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
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Goldman Sachs Delays Fed Rate Cut Forecast to 2026 Amid Rising Inflation Concerns 
BOJ Rate Hike Expectations Grow as Board Member Signals Hawkish Stance 
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated 
Norway's Norges bank surprised markets today with a rate cut of 25 basis points, pushing Krone lower against almost all currencies. Krone is currently trading at against Dollar, down % for the day so far.
Norway's actions raised speculation that oil currencies likely to slide further as central banks would take actions to ease policy.
Speculation have risen particularly over Bank of Canada (BOC), which is scheduled to announce monetary policy decisions on 21st October.
Canadian Dollar has weakened to new 11 year low after Norges Bank introduced rate cut.
We have called for Canadian Dollar to reach 1.38 against Dollar and expect prices to reach there by December. Canadian Dollar is currently trading at 1.335 against Dollar, marginally up from today's low of 1.342.
