The nearest EU summit in Brussels is scheduled for the end of this week. One of the key issues on the agenda is the European budget planning till 2020. There seems to be no unity on the issue.
The SNB is concerned about the current strength of the Swiss Franc. The central bankers assume that the national currency remains overvalued, which is a burden for the Swiss economy as a strong national currency always affect exporters.
The currency strategists working for Wells Fargo feel neutral about the short-term dynamics of the Japanese Yen. However, they expect a decline in mid-term perspective.
According to the latest survey conducted by Bloomberg after the BOJ meeting, most respondents assume that the central bank is not going to change the key interest rate in the near future. The analysts say that the Bank of Japan will postpone its stimulation program till the December parliamentary election is over.
The Australian Dollar is weakening under the pressure of external news and the possibility that the RBA may act in the open market.
International news makes investors go risk-averse. Such a change in the overall sentiment starts pressing the New Zealand Dollar. At the same time, according to Chris Hunter from Western Union Business Solutions, the current economic situation in New Zealand lowers the risk of interest rate cuts.