Institutional
CommerzBank, Institutional
New Zealand Dollar: Inflation and weak demand challenge RBNZ – Commerzbank
Commerzbank’s Volkmar Baur describes a double bind for the New Zealand Dollar as rising monthly price indices signal higher CPI, while electronic card data show stagnating retail spending and likely negative real consumption. With markets pricing an 80% chance of a Reserve Bank of New Zealand rate hike in two weeks, he remains cautious and […]
by Currency Hedger
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- 4 weeks ago
Institutional, OCBC
US Dollar: AI-driven vulnerabilities surface – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong discuss how AI-linked investment has become a key pillar of US growth, equities, yields and Dollar strength. They warn that US-centric AI financing concerns can flip these supports, creating a risk-off environment with lower US Treasury yields and a softer USD, highlighting the Dollar’s growing exposure to […]
by Currency Hedger
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- 4 weeks ago
Institutional, Societe Generale
Indian Rupee: Policy support and yield reversal – Societe Generale
Societe Generale highlights that the Reserve Bank of India has taken proactive steps to support the Indian Rupee, deploying multiple FX-related measures and bond operations. The report notes a risk-off driven reversal in US yields that benefits the Rupee, alongside higher CPI and WPI inflation and a wider trade deficit. The tone is cautiously constructive […]
by Currency Hedger
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- 4 weeks ago
Institutional, MUFG
Japanese Yen: BoJ’s Koeda reinforces tightening case – MUFG
MUFG’s Michael Wan reports that Bank of Japan (BoJ) Board Member Junko Koeda has strengthened the case for further policy tightening. Koeda emphasized upside price risks, still-accommodative financial conditions and judged the neutral rate to be well above 1%. MUFG sees her remarks as consistent with continued policy normalization, with swaps implying a high probability […]
by Currency Hedger
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- 1 month ago
Dankse Bank, Institutional
Equities: Defensive rotation but indices near highs – Danske Bank
Danske Bank’s Danske Research Team observes that equities traded mostly lower, with defensives outperforming cyclicals and the SOX declining for a fifth session amid an ongoing AI-related rotation and mixed US bank earnings. However, several indices remain close to all-time highs, which the team interprets as sector rotation rather than broad deleveraging, given a resilient […]
by Currency Hedger
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- 1 month ago
CommerzBank, Institutional
US Dollar: Strong data yet limited support – Commerzbank
Commerzbank’s Thu Lan Nguyen notes that despite stronger-than-expected US inflation, retail sales and producer prices, the Dollar and EUR/USD have largely reverted to pre-data levels. She argues that without a shift toward more overall Federal Reserve tightening, US rate expectations and the US–Euro area differential stay broadly sideways, leaving recent EUR/USD weakness driven more by […]
by Currency Hedger
- 0 Comments
- 1 month ago
ING, Institutional
Oil: Middle East risks keep Brent above $100 – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil remains supported, with ICE Brent trading comfortably above $100/bbl as Middle East tensions and concerns over flows through the Strait of Hormuz sustain a risk premium. They highlight IEA members’ plan to release remaining emergency reserves and discuss US inventory draws and potential US dissatisfaction […]
by Currency Hedger
- 0 Comments
- 1 month ago
Institutional, UOB
Euro: Range-trading bias after sharp rebound against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has rebounded strongly from 1.1112 to close at 1.1218, more than reversing the prior day’s losses. Short-term momentum looks overextended, with the pair expected to trade between 1.1180 and 1.1240 intraday. On a 1–3 week view, EUR is now seen in a […]
by Currency Hedger
- 0 Comments
- 1 month ago
CommerzBank, Institutional
Norwegian Krone: High-for-longer Norges Bank stance supports currency – Commerzbank
Antje Praefcke at Commerzbank explains that Norges Bank’s September decision to bring forward a rate hike was driven by persistent inflation above its 2% target. With headline inflation at 3.4% and core at 3.0%, the bank now signals policy will stay elevated for longer and another hike cannot be ruled out, a stance she sees […]
by Currency Hedger
- 0 Comments
- 1 month ago
Institutional, MUFG
US Dollar: AI-driven reversal after CPI gains – MUFG
MUFG’s Lee Hardman notes the US Dollar has quickly surrendered gains made after the stronger US CPI report, with the Dollar Index retreating from a year-to-date high near 102.95 back towards 102.00. He links the move to an unwind of AI-related trades and risk-off conditions, but stresses that firm inflation data and Fed expectations still […]
by Currency Hedger
- 0 Comments
- 1 month ago