Banks
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Australian Dollar: Labor data threatens RBA-driven gains – Commerzbank
Commerzbank’s Volkmar Baur notes the Australian Dollar has retreated from a four-year high versus the US Dollar as weak Chinese…
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Euro: Downside focus against US Dollar tempered by rebound – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann maintain a cautious stance on EUR/USD after a dip to…
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US Dollar: Stronger on hot inflation and yields – MUFG
MUFG’s Michael Wan describes how a stronger US Dollar environment emerged as United States (US) April Consumer Price Index (CPI)…
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Equities: Defensive sectors outperform as chips retreat – Danske Bank
Danske Research Team notes global equities slipped modestly, with the S&P500, Nasdaq and Russell2000 all lower. Semi-conductors in the S&P500 underperformed after…
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Indian Rupee: Higher Oil prices keep pressure – Commerzbank
Commerzbank strategists note that USD/INR climbed to a new record high as elevated global Oil prices and firm domestic Dollar demand from…
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China: Reflation momentum delays PBoC cuts – ING
ING’s Lynn Song notes that stronger China Consumer Price Index (CPI) and Producer Price Index (PPI) data in April, alongside…
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Chinese Yuan: Strengthens into US–China summit – Societe Generale
Societe Generale analysts observe USD/CNY trading below 6.80, with the Chinese Yuan at its strongest level since February 2023 ahead…
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British Pound: Political risks drags against Euro – ING
ING’s Chris Turner notes Sterling is softening after UK local elections, as Labour’s losses fuel talk of a leadership contest…
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Euro: Vulnerable against US dollar ahead of US CPI – Deutsche Bank
Deutsche Bank’s Jim Reid and team say markets are digesting a firm US payrolls report that reinforced views of a…
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China: War risks reshape growth outlook – Rabobank
Rabobank strategists assess how the US and Israel’s war against Iran could affect China. They note higher Oil and gas…
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