Brazilian Real: Rate cuts may support BRL against US Dollar – Societe Generale
Institutional, Societe Generale
Brazilian Real: Rate cuts may support BRL against US Dollar – Societe Generale
Societe Generale strategists observe that the Brazilian Real (BRL) largely ignored softer inflation data, which still supports a Banco Central do Brasil (BCB) rate cut in September followed by a pause into elections. A broader easing cycle could attract bond inflows and support the BRL, with USD/BRL expected to remain in a narrow range and […]
by Currency Hedger
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- 1 month ago
Institutional, Rabobank
Mexican Peso: Carry-driven strength extends against US Dollar – Rabobank
Rabobank’s Christian Lawrence and Molly Schwartz highlight that USD/MXN has broken below 17 for the first time since May 2024, prompting a forecast revision toward 16.5 in coming weeks. They see strong carry demand and subdued volatility keeping MXN supported, while a mild retracement is projected for next year, with the pair staying within recent […]
by Currency Hedger
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- 1 month ago
CommerzBank, Institutional
Turkish Lira: Inflation expectations outpace CBRT forecasts – Commerzbank
Commerzbank’s Tatha Ghose revisits Turkish inflation dynamics, noting seasonally-adjusted price momentum above 2% m/m and warning that disinflation is unlikely. Market participants have raised year-end Consumer Price Index (CPI) expectations to 29.5% y/y, above Central Bank of the Republic of Türkiye’s (CBRT) 28% forecast. Ghose argues CBRT repeatedly chases private forecasts, undermining credibility, while persistent […]
by Currency Hedger
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- 1 month ago
BNY, Institutional
Norwegian Krone: Valuation headwinds temper NOK against Euro – BNY
BNY’s Geoff Yu notes that stronger Oil prices have improved Norway’s terms of trade, but EUR/NOK gains have pushed up the I-44 import price index. While Norges Bank can focus on domestic factors thanks to NOK’s year-to-date performance, Yu warns that high investor holdings and a weaker valuation case make short EUR/NOK trades unattractive, with […]
by Currency Hedger
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- 1 month ago
DBS, Institutional
Australian Dollar: RBA hike repricing supports gains – DBS
BS Group Research’s Philip Wee notes AUD/USD has risen 2.2% in August after a 1.5% gain in July, leaving the Australian Dollar near year-to-date highs and the best-performing G10 currency in 2026. The move is driven by swift repricing of a Reserve Bank of Australia (RBA) rate hike in November following hawkish minutes and upside […]
by Currency Hedger
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- 1 month ago
Deutsche Bank, Institutional
Equities: Tech earnings lift futures after quiet session – Deutsche Bank
The Deutsche Bank strategists describe a modestly positive shift in equity sentiment following Nvidia’s earnings. After a quiet cash session for the S&P 500 and Nasdaq, Nvidia’s revenue beat and bullish AI outlook pushed its shares up 4.7% after-hours, lifting S&P 500 and Nasdaq futures. Salesforce and CrowdStrike results further supported global tech-linked equities. Nvidia-led rebound in equity […]
by Currency Hedger
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- 1 month ago
Dankse Bank, Institutional
Euro: Lower against US Dollar after PCE surprise – Danske Bank
Danske Research Team notes that the United States (US) Personal Consumption Expenditures (PCE) Price Index inflation surprise triggered a hawkish market reaction, pushing US rates higher and weighing on EUR/USD. The pair dropped to 1.1650 as the US Dollar (USD) found support from stronger data. Markets also increased pricing for a potential September Fed rate hike, reinforcing […]
by Currency Hedger
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- 1 month ago
Commodities, Currency Talk, Technical Analysis
Chart of The Day – Why is wheat gaining so strongly?
Wheat prices are currently driven by various overlapping geopolitical risks and rapidly deteriorating global harvest prospects. Recent gains have clearly accelerated, and US wheat contract quotes have reached the 751.1 USD level, making it one of the absolute commodity market leaders recently. How have wheat prices changed recently? Wheat prices are in an uptrend. In […]
by Currency Hedger
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- 1 month ago
JPY, Technical Analysis, USD
USD/JPY Price – Bulls await breakout above 50% Fibo. hurdle near 159.65
The USD/JPY pair turns positive for the fourth consecutive day following an intraday dip to the 159.00 neighborhood during the Asian session on Thursday. Spot prices currently trade near the weekly high, though the uptick lacks bullish conviction ahead of Tokyo consumer inflation figures and US Federal Reserve (Fed) Kevin Warsh’s speech on Friday. The slightly hot […]
by Currency Hedger
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- 1 month ago
CHF, USD
Swiss Franc steadies as US Dollar holds ground following robust economic data
USD/CHF remains steady after registering 0.5% gains in the previous day, trading around 0.8050 during the Asian hours on Thursday. The currency pair remains bound to a tight range as a resilient US Dollar (USD) holds its ground, bolstered by robust economic data. July’s PCE price index accelerated to 0.2% month-on-month, edging past the 0.1% […]
by Currency Hedger
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- 1 month ago