Commerzbank analyst Norman Liebke says European natural gas prices will likely remain high this winter as tight LNG supply and below-average storage levels force the region to lean on flexible LNG cargoes.
The Mexican peso has weakened more than 9% against the US dollar since early September, and Commerzbank analyst Michael Pfister says dovish Banxico policy and USMCA uncertainty are the main drivers.
AUD/USD rose to its strongest point since late September after RBA Deputy Governor Andrew Hauser said price pressures looked "materially worse" than anticipated, according to Commerzbank's Norman Liebke, as traders sharply lifted hike expectations.
China's central bank will base its monetary policy on the overnight reverse repo rate instead of the 7-day tenor, a mostly technical adjustment Commerzbank says was already reflected in markets. The bank maintains its call for steady yuan strength.