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UBS have upgraded their outlook for the USD, citing: elevated growth rates in the US the Federal Open Market Committee (FOMC) signalling higher rates for longer (and subsequent lowered pricing for rate cuts next year) Forecasts: EURUSD 1.06 (previously 1.12) USDCHF 0.92 (previously 0.87) GBPUSD 1.20 (1.29) USDJPY 145 (142) AUD 0.65 (0.66) UBS says

Barclays revised its projection for Chinese economic growth for this year to 4.5%, from 4.9%. For 2024 analysts at the bank project 4% GDP growth For the current quarter, Q3 2023, Barclays expects GDP at 3.5% As for the People’s Bank of China, the analysts expect an RRR cut of 25bp in the weeks ahead.