European Central Bank: Contagion risk reshapes rate expectations – MUFG
Institutional, MUFG
European Central Bank: Contagion risk reshapes rate expectations – MUFG
MUFG’s Lee Hardman notes that unwanted tightening in Euro-zone financial conditions is prompting markets to pare back expectations for further ECB rate hikes. Pricing has shifted closer to MUFG’s forecast of two additional moves, which may still be too aggressive if fragmentation risks intensify, while speculation grows that the ECB could slow QT or activate […]
by Currency Hedger
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- 1 month ago
CAD, Market Analysis, USD
Canadian Dollar bounces up as US Dollar loses steam with services PMIs in focus
The Canadian Dollar (CAD) pares previous daily losses on Monday, as the US Dollar (USD) pulls back from multi-month highs against most peers, with market concerns about higher global debt yields keeping investors away from risk. The USD/CAD pair is trading at the 1.4240 area at the US session opening times, turning flat in the […]
by Currency Hedger
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- 1 month ago
Institutional
Brazilian Real: Election surprise supports BRL – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad says the Brazilian Real (BRL) and local assets are poised to open higher after Flávio Bolsonaro’s stronger-than-expected first-round election result. Haddad adds that Bolsonaro’s momentum ahead of the October 25 runoff, together with proposals for faster fiscal repair and lower taxes, reinforces a positive BRL outlook already supported by […]
by Currency Hedger
- 0 Comments
- 1 month ago
EUR, GBP, Market Analysis
Euro extends decline against British Pound on France debt concerns
EUR/GBP extends its decline on Monday, sliding to its lowest level since mid-July as political turmoil and mounting concerns over Europe’s public finances weigh on the Euro (EUR). At the time of writing, the cross trades around 0.8478, down 0.24% on the day, after touching an intraday low of 0.8458. Concerns centre on France, where […]
by Currency Hedger
- 0 Comments
- 1 month ago
France’s Budget, Spain’s Elections. Politics Returns to the Markets
Stock Market 📈 Companies 🏢 Macroeconomics and Politics 🌍 Currencies 💵 Commodities and Energy 🛢️ Cryptoassets 🪙
by Currency Hedger
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- 1 month ago
Institutional, UOB
Australian Dollar: Downside limited against US Dollar – UOB
United Overseas Bank (UOB) strategist Quek Ser Leang reports AUD/USD closed at 0.6951 after a brief spike to 0.6976, with intraday price action expected to stay between 0.6930 and 0.6975. He judges the recent weakness from mid-September remains intact but, given oversold conditions, further declines may struggle to reach 0.6866. On a 1–3 month horizon, […]
by Currency Hedger
- 0 Comments
- 1 month ago
CHF, Market Analysis, Technical Analysis, USD
USD/CHF Price Forecast: Holds below 0.8320 as the Swissie withstands bonds selloff
The Swiss Franc (CHF) has retraced previous losses on Monday and trades practically flat against the US Dollar (USD), hardly affected by the bond market turmoil that has crushed investors’ appètite for risk. The USD/CHF pair bounced from 0.8225 lows on Friday but has been contained below a previous support area around 0.8320, which keeps […]
by Currency Hedger
- 0 Comments
- 1 month ago
ING, Institutional
Brazilian Real: Election surprise supports BRL against US Dollar – ING
ING’s Chris Turner says Brazilian assets are set to rally after Sunday’s presidential vote, where Flavio Bolsonaro secured 47% versus President Lula’s 45%. He expects markets to assume remaining votes lean Bolsonaro, sees currency and bonds benefiting from his fiscal austerity and deregulation agenda, and projects USD/BRL opening near 5.10, with a return to 4.90 […]
by Currency Hedger
- 0 Comments
- 1 month ago
Market Analysis, Technical Analysis, USD
Why is the US Dollar rising despite October Fed hike odds fading?
The US Dollar Index (DXY) is testing fresh yearly highs near the 102.50 zone, powered by independent Euro (EUR) weakness and relative resilience in the Federal Reserve’s (Fed) rate path. However, as expectations for an October rate hike diminish following softer inflation and payrolls data, the fundamental drivers behind the Greenback’s momentum are coming under […]
by Currency Hedger
- 0 Comments
- 1 month ago
DBS, Institutional
Euro: Pressured yet systemic risk contained – DBS
DBS strategist Philip Wee explains that EUR/USD’s four-week decline reflects shifting risk balances, with renewed Federal Reserve (Fed) tightening overshadowing the European Central Bank (ECB) and France’s fiscal issues overshadowing US concerns. He cautions against extrapolating French stress into a broader Eurozone crisis, emphasizing that current OAT-Bund spread widening is a repricing of known problems […]
by Currency Hedger
- 0 Comments
- 1 month ago