Institutional
Institutional, MUFG
US Dollar: Higher yields support currency – MUFG
MUFG’s Derek Halpenny notes the US Dollar (USD) is strengthening as US fixed income sells off, driving global bond weakness and higher yields across the curve. A poor 5-year UST auction and strong US and global PMIs are reinforcing hawkish Federal Reserve (Fed) rhetoric. Rising Brent Oil and potential US diesel export bans add to […]
by Currency Hedger
- 0 Comments
- 1 week ago
Institutional, Rabobank
Brazilian Real: Exchange rate seen weaker into year-end – Rabobank
Rabobank’s Mauricio Une and Renan Alves note that the Federal Reserve (Fed) raised rates by 25 bps and signaled a more restrictive stance, while Copom cut the Selic rate to 13.75%. The Brazilian Real (BRL) weakened slightly to BRL 5.1462 per USD but still outperformed most emerging peers. Rabobank expects a narrower rate differential and […]
by Currency Hedger
- 0 Comments
- 1 week ago
DBS, Institutional
Swiss Franc: SNB preview signals steady policy – DBS
DBS Group Research economist Philip Wee expects the Swiss National Bank to keep its policy rate unchanged at 0% at the September 24 meeting, despite higher energy prices and a modest uptick in headline inflation. He sees scope for a near-term inflation forecast upgrade, but notes that Swiss growth has improved and CHF haven pressures […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, Rabobank
Oil: Geopolitics drive volatile price path – Rabobank
Rabobank strategist Michael Every notes Oil prices are currently lower on hopes for de-escalation in multiple conflicts, including developments around Saudi infrastructure, Iran talks and Ukraine. However, Every stresses that hardened positions in Iran, Russia and broader security shifts mean energy prices could still change dramatically depending on how major geopolitical deals and confrontations evolve. […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, UOB
Japanese Yen: Downside still favoured toward 158.40 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a constructive short-term view on USD/JPY after the pair closed at 157.37. They still see scope for further US Dollar (USD) strength, with intraday moves expected within 157.10–157.90 and firm resistance at 158.40. Strong support is revised up to 156.45, while their longer-term […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, MUFG
New Zealand Dollar: Hawkish RBNZ pricing supports kiwi – MUFG
MUFG’s Lee Hardman highlights the New Zealand Dollar (NZD) as the main overnight mover, boosted by hawkish guidance from Reserve Bank of New Zealand (RBNZ) Governor Breman. His comments on higher Oil-driven inflation have reinforced expectations for a third consecutive 25 bps hike next month. Stronger-than-expected Q2 growth and markets pricing over 100 bps of […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
BNY, Institutional
Federal Reserve: Hiking path constrained by supply shocks – BNY
John Velis at BNY Markets argues that current US inflation is being driven by non-rate-sensitive components of core PCE, limiting how effective further Federal Reserve tightening can be. He expects one more rate hike in December 2026 but questions whether all the hikes priced for 2027 will be delivered, given the nature of the inflation […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
UOB
Australian Dollar: Consolidation continues below resistance against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann see AUD/USD consolidating around 0.7120 after a brief spike to 0.7140. Intraday price action is viewed as part of a 0.7105–0.7135 range. They still hold a negative 1–3 week stance, conditional on resistance at 0.7140, but acknowledge that the probability of a drop to 0.7050 has […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, Market Analysis
UK borrowing is above target, again, as Brent gets back above $100
Key takeaways The UK’s public finance data for August made for more grim reading on the state of the UK’s public finances. The UK borrowed £18.3bn last month, up nearly 20% compared to a year ago, partly due to the impact of inflation. Borrowing in the financial year to August remains £8.1bn above the official […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Institutional, MUFG
Japanese Yen: BoJ rate check limits yen downside – MUFG
MUFG’s Lee Hardman notes that the Japanese Yen initially weakened sharply after the latest BoJ policy update, with USD/JPY briefly above 158.00 before retreating towards 157.00. Reports of a BoJ rate check signalled readiness to intervene, capping near-term Yen weakness as USD/JPY approaches 160.00. MUFG sees a “new phase” of policy consistent with rate hikes […]
by Currency Hedger
- 0 Comments
- 2 weeks ago