Share: EUR/USD is approaching 1.06. Economists at Commerzbank analyze the pair’s outlook. Interest rate cuts could become concretely apparent in the US In the medium term, we expect the Fed to lower its key rate again next year as the US economy cools. At the same time, the ECB is likely to keep
© Reuters. On Friday, the yen fell sharply against the dollar, trading at 148.31, following the Bank of Japan’s decision to keep interest rates in negative territory. This move indicates that the bank is not in a hurry to wind down its large-scale stimulus program. Concurrently, the dollar rose by 0.2%, marking its 10th successive
Share: The Bank of England (BoE) held its policy rate steady at 5.25%. The decision represents a loss of interest rate support for the Pound, economists at Wells Fargo report. Policy rate pause could also be a policy rate peak We now forecast that the current policy rate of 5.25% will be the
© Reuters. The dollar reached a 6.5-month peak on Thursday, September 21, 2023, after the U.S. Federal Reserve signaled a continuation of its restrictive policy, even as it held rates steady. This comes as the Swiss franc fell following the Swiss National Bank’s decision to maintain unchanged rates, marking the first time it has not
Share: The Bank of Japan (BoJ) will hold its Monetary Policy Committee (MPC) meeting on Friday, September 22 and as we get closer to the Interest Rate Decision, here are the expectations forecast by the economists and researchers of eight major banks. No change is expected, especially after reports emerged last week that
Share: Riksbank’s half-hawkish hike leaves the Krona vulnerable, economists at ING report. 12.00+ risk remains on the table in the short-term We want to stress this was a missed chance for the Riksbank to materially lift SEK. The new rate forecasts suggest another hike is not particularly likely, but markets still see good
In the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, NZD/USD is now likely to trade within a range bound theme. Ke لینک منبع : هوشمند نیوز
Share: Markets have already written the script for the Fed today: a hawkish hold, and an unchanged 2023 dot plot. Any FX action would depend on potential revisions to the 2024 dots, economists at ING report. FOMC not a huge event for the Dollar The overall message by the Fed should be supportive
Share: Central banks are in the spotlight. Economists at Commerzbank analyze how their fight against inflation could impact the exchange rates. End of rate hikes does not mean victory over inflation – yet The market has accepted that the rate hike cycle will come to an end for now, despite the fact that
Share: In the view of economists at ING, EUR/USD sensitivity to the Dollar leg and – by extension – US activity data should be even higher at this point. Driven even more by the Dollar after dovish ECB hike We think that at this stage EUR/USD will revert to being even more driven
