CommerzBank
-

Indian Rupee: Supported by policy measures against US Dollar – Commerzbank
Commerzbank highlights that USD/INR has stabilised between 94.00 and 95.00 since mid-June, trading near 94.74. The range-bound behaviour follows a coordinated package…
Read More » -

Oil: US-Iran progress weighs on prices – Commerzbank
Commerzbank reports that diplomatic progress in US-Iran talks has pressured Oil, with Brent falling to USD 77.90 and WTI also…
Read More » -

Euro: Services PMI reaction in focus – Commerzbank
Commerzbank’s Michael Pfister highlights persistent headwinds for the Euro after dovish comments from European Central Bank (ECB) President Christine Lagarde reduced market…
Read More » -

Russian Ruble: Hawkish central bank and limited FX impact – Commerzbank
Commerzbank’s Michael Pfister notes that the Russian Central Bank surprised markets by cutting rates only 25 bps to 14.25%, instead of the…
Read More » -

Euro: Complex rate path questions for EUR – Commerzbank
Commerzbank’s Thu Lan Nguyen notes the European Central Bank sounded slightly hawkish, but investors already price in two further hikes,…
Read More » -

Russian Ruble: Oil-driven gains seen fading into year-end – Commerzbank
Commerzbank’s Tatha Ghose notes that Russia’s central bank has shifted EUR/RUB pricing to derive from USD/RUB, despite thin hard-currency trading.…
Read More » -

Polish Zloty: NBP on extended hold with mixed inflation – Commerzbank
Commerzbank’s Tatha Ghose expects Poland’s National Bank of Poland (NBP) to keep its base rate unchanged for an extended period,…
Read More » -

Canadian Dollar: Recovery doubts delay BoC hikes – Commerzbank
Commerzbank’s Michael Pfister notes that Canada’s first-quarter real Gross Domestic Product (GDP) unexpectedly contracted and the previous quarter was revised…
Read More » -

US Dollar: Data focus and Fed expectations – Commerzbank
Commerzbank’s Michael Pfister notes that if negotiations with Iran fail to progress, markets will turn to a heavy slate of…
Read More » -

Australian Dollar: Softer CPI backs RBA pause – Commerzbank
Commerzbank’s Volkmar Baur contrasts the Reserve Bank of Australia (RBA) with the Reserve Bank of New Zealand (RBNZ), noting Australia…
Read More »

