Nomura

Nomura, Citi forecast two more ECB rate hikes by March

Major banks are raising their forecasts for European Central Bank interest rates after the central bank's September meeting and updated projections pointed to persistent inflation pressures driven by the ongoing Middle East conflict and surging energy prices.

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Yen falls past 163 per dollar for first time since 1986

The dollar surged past 163 yen on Tuesday, reaching its highest level against the Japanese currency since December 1986 and intensifying expectations that Tokyo may step in to arrest the yen's slide. The USD/JPY pair rose as much as 0.3%…