Institutional
CommerzBank, Institutional
Turkish Lira: CBRT maintains cautious easing stance – Commerzbank
Tatha Ghose at Commerzbank reports that Turkey’s Central Bank of the Republic of Türkiye (CBRT) cut its one-week repo rate by 100bp to 36.0%, alongside similar moves in overnight rates. Despite acknowledging upside inflation risks from higher Oil, the bank now claims indicators “confirm” disinflation and signals meeting-by-meeting flexibility without altering its easing trajectory. Commerzbank […]
by Currency Hedger
- 0 Comments
- 4 hours ago
ING, Institutional
Euro: France-linked spread risks keep EUR unattractive – ING
Francesco Pesole at ING notes that widening French OAT-Bund and OAT-BTP spreads have yet to materially weigh on the euro, but warns that sensitivity to French sovereign risk could return rapidly if spreads approach 200bp. He maintains a broadly bearish EUR outlook, highlighting EUR/CHF as a key sovereign-risk proxy and EUR/USD’s potential to re-test 1.1120 […]
by Currency Hedger
- 0 Comments
- 4 hours ago
Institutional, TDS
Bank of Canada: Gradual return to neutral – TD Securities
TD Securities’ macro team, led by Andrew Kelvin and Robert Both, does not share market conviction for an October Bank of Canada rate hike. They expect the BoC to hold at 2.25% now, then deliver 25bp increases in December and January, taking policy to the midpoint of its neutral range while monitoring inflation breadth, growth […]
by Currency Hedger
- 0 Comments
- 4 hours ago
Institutional, OCBC
South Korean Won: Recovery favoured on dips – OCBC
OCBC strategists Christopher Wong and Sim Moh Siong describe South Korean Won’s (KRW) initial strength and subsequent retracement as broader risk aversion resurfaced. The Bank of Korea’s decision to hold rates at 3% while retaining a tightening bias and calling KRW undervalued is seen as supportive. They expect further KRW recovery but prefer buying on […]
by Currency Hedger
- 0 Comments
- 4 hours ago
CommerzBank, Institutional
South Korean Won: Hawkish BoK supports consolidation – Commerzbank
Commerzbank’s Charlie Lay and Dr. Henry Hao highlight that the Bank of Korea (BoK) kept its policy rate at 3.00% after two prior hikes, but delivered a clearly hawkish message. Strong semiconductor exports underpin higher growth expectations and rising inflation pressures. The authors note KRW strength since June and expect USD/KRW to consolidate in a […]
by Currency Hedger
- 0 Comments
- 4 hours ago
Institutional, OCBC
Philippine Peso: Bearish but constrained by Oil – OCBC
OCBC strategists Christopher Wong and Sim Moh Siong note Philippine Peso (PHP) remains under pressure even after a larger-than-expected 50bp Bangko Sentral ng Pilipinas (BSP) hike to 5.50%, reflecting persistent inflation concerns. Higher rates may temper depreciation but are unlikely to fully offset elevated Oil prices, external imbalances and domestic growth worries. OCBC keeps a […]
by Currency Hedger
- 0 Comments
- 4 hours ago
Institutional, UOB
Singapore Dollar: Modest upside bias against US Dollar – UOB
United Overseas Bank strategists (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD was little changed on Thursday, trading in a narrow band as safe-haven flows and Oil gains supported the US Dollar against Asian currencies. Their short-term view sees modest downside within 1.2755–1.2780, while the 1–3 week outlook stays negative toward 1.2750 […]
by Currency Hedger
- 0 Comments
- 4 hours ago
Institutional, UOB
British Pound: Room to rise toward 1.3440 against US Dollar – UOB
United Overseas Bank strategists (UOB) Quek Ser Leang and Lee Sue Ann highlight that GBP/USD saw volatile swings but closed little changed, with no clear momentum shift. Intraday, they expect a 1.3360–1.3420 range, yet their 1–3 week view retains upside scope toward 1.3440, while the broader 1–3 month outlook suggests further rebound toward 1.3480 unless […]
by Currency Hedger
- 0 Comments
- 1 day ago
Dankse Bank, Institutional
Euro: Weakens against US Dollar amid risk concerns – Danske Bank
Danske Bank highlights weaker Euro sentiment amid rising French CDS spreads, with EUR/CHF declining and EUR/USD briefly falling below 1.12. US and German bond yields also dropped across the curve, while Eurozone consumer confidence weakened more than expected in October. Attention turns to the upcoming flash PMIs, with the composite index expected to ease to […]
by Currency Hedger
- 0 Comments
- 1 day ago
ING, Institutional
Gold: Energy-driven inflation weighs – ING
ING analysts Warren Patterson and Ewa Manthey report Gold failed to benefit from the equity sell-off and falling US Treasury yields, with spot prices down 2.8% and nearing $4,000/oz. They argue the Gold market is focused on higher Oil prices and their inflation implications, which could reinforce tighter central bank policy while US inflation remains […]
by Currency Hedger
- 0 Comments
- 1 day ago