CommerzBank
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Polish Zloty: NBP turns cautious as inflation rises – Commerzbank
Commerzbank’s Antje Praefcke reports that the Polish central bank kept its key rate at 3.75%, while Governor Glapiński signalled no…
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Euro: Difficult path for gains against US Dollar – Commerzbank
Commerzbank’s Michael Pfister notes that markets fully price today’s ECB rate hike and see around 85 basis points of additional…
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Polish Zloty: Rate cuts seen off table through year-end – Commerzbank
Commerzbank’s Tatha Ghose expects Poland’s NBP to leave rates unchanged at 3.75% and sees the key question as whether the MPC formally…
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Euro: Volatility eyed into late week – Commerzbank
Commerzbank’s Antje Praefcke notes that EUR/USD is likely to stay relatively quiet until later in the week, when the European…
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US Dollar: Volatility risks around Fed decision – Commerzbank
Commerzbank’s Thu Lan Nguyen notes that the latest US labour market report does not materially alter expectations for a September Fed rate…
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Malaysian Ringgit: BNM hawkish tilt supports MYR – Commerzbank
Commerzbank highlights that Bank Negara Malaysia kept the OPR at 2.75% but shifted to a more hawkish bias, removing language…
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Chinese Yuan: Services PMI rebound keeps PBoC cautious – Commerzbank
Commerzbank says China’s August Services PMI rebound highlights some resilience in private-sector activity, but weak retail sales, soft inflation and…
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Japanese Yen: Policy signals support JPY against US Dollar – Commerzbank
Commerzbank’s Thu Lan Nguyen argues that recent interventions by Japanese authorities and the US Treasury have largely lost impact, with…
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Japanese Yen: BoJ meeting to decide JPY path – Commerzbank
Commerzbank’s Michael Pfister highlights renewed weakness in the Japanese Yen as USD/JPY repeatedly breaks above 160 despite record FX interventions.…
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Polish Zloty: NBP language turns cautious after FX pressure – Commerzbank
Commerzbank’s Tatha Ghose notes that NBP Governor Adam Glapinski used G20 remarks to shift towards a more neutral, flexible stance,…
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