The key macro event of the week – US Consumer Price Index – is behind us. And the weak Dollar trend is set to persist, according to economists at MUFG Bank.
“The Dollar remains on a w eaker footing because the CPI data was not enough to change the forw ard rates markets. The data wasn’t as big a surprise as the October and November CPI reports but did still contain elements that are encouraging for those believing inflation will fall further.”
“The hawkish Fed view that would encourage renewed USD strength seems further away now and with it the prospects of EUR/USD reverting back significantly to entertain the idea of testing parity again.”
EUR/CHF has broken out above the sideways range since October affirming extension in up move. Economists at Société Générale expect the pair to extend...
Brent has dropped just below $80/b territory recently. Strategists at TD Securities expect the global benchmark crude to trade at $100/b in the latter...
USD/JPY remains the stand-out interest. Economists at ING expect the pair to nosedive towards the 126.50 mark. Plenty of downside in USD/JPY “The BoJ...
The USD/CAD pair attracts fresh sellers in the vicinity of the 1.3400 mark on Friday and drops to its lowest level since November 25 during the first...
The Australian Dollar is likely to remain the favoured G10 expression of the bullish implications for China-sensitive currencies. Thus, the AUD/USD pa...
Economists at ING recaps their forecasts for the CEE currencies. In their view, the region could enjoy mild gains. Higher EUR/USD is a small boost for...
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