Institutional
DBS, Institutional
China: De-dollarisation focus and US asset exposure – DBS
DBS Group Research, led by FX & Credit Strategist Chang Wei Liang, examines China’s evolving holdings of US securities over the past decade. The study looks for evidence of de-dollarisation, highlighting substantial Chinese net outflows from US equities and bonds and assessing how geopolitical tensions and sanctions risk are influencing China’s portfolio allocation decisions. Examining […]
by Currency Hedger
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- 4 days ago
ING, Institutional
US Dollar: Strong tone with yield curve support – ING
ING’s Chris Turner notes the Dollar is trading near this year’s highs after another hot US inflation print and hawkish comments from Fed member Chris Waller. ING argues that bearish yield curve flattening typically supports the Dollar versus procyclical currencies. Fed hawkishness underpins broad dollar strength “The Fed’s Chris Waller tossed a hawkish grenade into […]
by Currency Hedger
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- 4 days ago
Institutional, MUFG
Japanese Yen: Domestic flows hint at medium-term support – MUFG
Derek Halpenny at MUFG highlights that USD/JPY has moved back toward 160 after US CPI, keeping intervention risks elevated. At the same time, JGBs have sold off but sentiment is improving, with stronger household demand and potential tax incentives. Household JGB demand supports Yen outlook “The yen weakened sharply yesterday in response to the US […]
by Currency Hedger
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- 4 days ago
ING, Institutional
EUR/USD: Support holds but upside limited – ING
ING’s Chris Turner highlights that a key technical level at 1.1110 is providing a floor for EUR/USD, marking a 50% retracement of the prior rally. While some profit-taking on short positions is likely, ING sees a weak case for a sustained bounce. Key support at 1.1110 but capped upside “A high technical level at 1.1110 […]
by Currency Hedger
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- 4 days ago
BBH, Institutional
Fed policy: Markets weigh larger December hike – BBH
Brown Brothers Harriman (BBH) reports that stronger US inflation data and hawkish comments from several Fed officials have shifted market focus toward the size of a December rate hike. Officials stress persistent inflation risks “The US inflation surprise shifted the FOMC December rate debate from whether to hold or hike 25bps to a choice between […]
by Currency Hedger
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- 4 days ago
CommerzBank, Institutional
Federal Reserve: December rate hike expectations reinforced – Commerzbank
Commerzbank’s Dr. Christoph Balz highlights that persistent US inflation keeps pressure on the Federal Reserve to tighten further. The report cites comments from Fed Governor Christopher Waller advocating at least a 25-basis-point hike in December, with 50 basis points considered under certain conditions. Commerzbank continues to expect another 25-basis-point rate increase at the December FOMC […]
by Currency Hedger
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- 4 days ago
Institutional, Rabobank
Euro: Knot signals ECB readiness for new tools – Rabobank
Rabobank’s Global Daily flags comments from Dutch European Central Bank (ECB) presidential candidate Klaas Knot, who told the Financial Times that the ECB would not hesitate to act if circumstances require. He suggested that in a future crisis of a different nature, the ECB might develop another, more tailored instrument, raising questions about how far […]
by Currency Hedger
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- 4 days ago
Institutional, Societe Generale
US inflation: Core PCE range guidance – Societe Generale
Societe Generale’s Jan Groen analyzes October US inflation data, noting that October core CPI rose 0.3% month-on-month, surprising to the upside. He estimates PCE housing inflation at 0.28% and core-goods inflation around 0.25%. Depending on super-core PCE dynamics, core PCE inflation is projected in a 0.27%-0.33% range, with the October PPI release expected to refine […]
by Currency Hedger
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- 4 days ago
Institutional, TDS
Fed policy: December hike seen sealed with 50bps risk – TD Securities
TD Securities’ macro research team argues that the upside US CPI surprise and firm Core PCE projections make a December Fed rate hike virtually certain. They still favor a 25bp move but see rising odds of an additional hike in early 2027 and consider a 50bp “catch-up” move in December as a clear possibility, pending […]
by Currency Hedger
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- 4 days ago
Institutional, Rabobank
US Dollar: Hot CPI lifts yields and Fed bets – Rabobank
Rabobank’s RaboResearch Global Economics & Markets team highlights that hotter-than-expected US CPI has pushed US 2-year and 10-year yields sharply higher, reviving talk of a possible 50 bps Federal Reserve hike. The report links the move to renewed inflation pressures in groceries, housing and services, and notes that this comes just after investors had rushed […]
by Currency Hedger
- 0 Comments
- 4 days ago