Institutional
CommerzBank, Institutional
Turkish Lira: Managed depreciation fails to remove devaluation risk – Commerzbank
Commerzbank’s Tatha Ghose reports that Central Bank of the Republic of Türkiye (CBRT) Governor Karahan claims a faster Lira depreciation is being allowed to avoid a sharper future devaluation. Ghose argues that USD/TRY remains on a mechanically managed, roughly 20% annualised depreciation path, which is still too slow versus 30–35% inflation. With CBRT cutting rates, […]
by Currency Hedger
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- 1 week ago
Institutional, MUFG
Japanese Yen: BoJ hawkishness supports JPY against US Dollar – MUFG
Lee Hardman at MUFG highlights that the Japanese Yen has benefited from risk-off trading and hawkish Bank of Japan commentary, pushing USD/JPY back below 158.00. BoJ board member Junko Koeda signalled upside risks to prices and a neutral rate well above 1%, while MUFG still expects no move at the October meeting but another hike […]
by Currency Hedger
- 0 Comments
- 1 week ago
OCBC
Indian Rupee: Recovery against US Dollar constrained by externals – OCBC
OCBC Bank’s Christopher Wong argues that recent RBI measures and the governor’s willingness to act further have curbed speculative activity and supported the Indian Rupee. However, stronger US Dollar, elevated Oil prices and external headwinds are seen limiting gains, with technicals pointing to moderating downside in USDINR and key support at 94.70 and 94.20 and […]
by Currency Hedger
- 0 Comments
- 1 week ago
Institutional, UOB
British Pound: Wider trading range expected against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann report GBP/USD’s sharp swing between 1.3275 and 1.3137 before closing at 1.3196. Short term, recovery is expected to extend toward 1.3260 but is unlikely to sustain above that level. Over the next one to three weeks, price action is viewed as range expansion, […]
by Currency Hedger
- 0 Comments
- 1 week ago
Institutional, MUFG
Indian Rupee: RBI FX steps support INR but raise hedging costs – MUFG
MUFG’s Michael Wan explains that recent RBI FX measures have supported spot Indian Rupee, while temporarily disrupting derivatives liquidity. Offshore INR forward premiums fell sharply after restrictions on non-resident NDF access and higher hedge costs. These actions reduced speculative Dollar demand and helped INR rally, though at the expense of wider bid-ask spreads and less […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Dankse Bank, Institutional
US Dollar: Fed inflation focus into October FOMC – Danske Bank
Danske Bank strategists highlight September Consumer Price Index (CPI as this week’s key US release, with headline and core inflation expected to edge higher year-on-year despite moderating monthly readings. The Fed will assess whether underlying price pressures are broadening, including those linked to AI investment. They believe only a clear upside inflation surprise would prompt […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, UOB
Euro: Rebound tests key resistance band against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann highlight a strong EUR/USD rebound to around 1.1200 after recent oversold weakness. In the near term, they see scope for the Euro to challenge resistance at 1.1220, while a sustained break would signal that the month-long downtrend has stabilised. However, they still flag deeply oversold […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, UOB
British Pound: Cable confined to broad trading band – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann observe GBP/USD holding relatively resilient versus the US Dollar (USD) but still drifting lower. Intraday price action shows a tentative downside bias within 1.3190–1.3235. For the coming 1–3 weeks, they expect the British Pound (GBP) to remain range‑bound between 1.3170 and 1.3280, with earlier […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Dankse Bank, Institutional
Equities: Rotation out of AI as breadth stays positive – Danske Bank
Danske Research Team highlights that global equities finished broadly flat, masking notable rotation as investors cut AI and semiconductor exposure. Europe and defensive sectors outperformed, with consumer staples leading. Despite a marginal S&P 500 decline, breadth remained strong and the equal-weighted index outperformed, challenging narratives of narrow US leadership signalling an imminent broader correction. AI […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
CommerzBank, Institutional
Indian Rupee: RBI support points to softer pair – Commerzbank
Commerzbank’s India section notes September CPI at 5.5% year-on-year, above August and near breaching the RBI’s target band, with risks skewed to the upside from Oil, INR weakness and El Niño. The authors flag RBI’s recent FX measures that strengthened the Indian Rupee and suggest USD/INR could ease back toward the 94–96 range in the […]
by Currency Hedger
- 0 Comments
- 2 weeks ago