Share: The Aussie is trading on the strong side after a stronger-than-expected August jobs report in Australia. Economists at ING analyze AUD’s outlook. USD remains supported post-Fed Employment rose 64.9K after July’s negative reading, and the unemployment rate was unchanged at 3.7%. Markets are pricing in a mere 9 bps of tightening to
Share: The Dollar has strengthened into the Jackson Hole Symposium and economists at ING think a hawkish tone by Fed Chair Powell is now largely priced in Powell’s hawkishness looks largely in the price The recent firmness in the Dollar probably factors in some of the markets’ expectations for a hawkish tone by
AUDUSD daily ING presents its views on the AUD/USD exchange rate, expressing confidence in a notable rebound in the Australian dollar by the end of the year. The bank’s bullish outlook is based on various factors, including expectations of continued monetary tightening by the Reserve Bank of Australia (RBA), potential surprises in inflation data, and
Share: Economists at ING do not expect the EUR/GBP pair to break out of recent ranges. Unusually stable BoE rate expectations The lack of domestic events in the UK has helped an unusual period of very stable BoE rate expectations: markets appear rather anchored to the prospect of a peak rate around 5.70-5.75%