Banks
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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…
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Japanese Yen: Lower Oil eases pressure on Yen – BBH
Brown Brothers Harriman’s Elias Haddad notes that USD/JPY is trading just below its multi-decade high but argues that the recent…
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US Dollar Index: Breakout fuelled by hawkish Fed repricing – Societe Generale
Societe Generale’s Kenneth Broux highlights that the Dollar is in breakout territory after DXY moved above 101.00, supported by a…
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Bank of England: Active hold stance supports restrictive convergence – Rabobank
Rabobank’s Global Daily notes that the Bank of England kept rates unchanged in what policymakers call an “active hold,” effectively…
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British Pound: Political risks cap recovery – BBH
Elias Haddad at Brown Brothers Harriman writes that GBP/USD has bounced after holding above its late-March low, but he sees risks still…
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British Pound: Trendline break points to deeper losses – Societe Generale
Societe Generale analysts, led by Kenneth Broux, report that GBP/USD has broken below its ascending trendline from April 2025 and is extending…
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Oil: Strait of Hormuz risks ease but fees loom – Rabobank
Rabobank highlights that a 60‑day US–Iran memorandum of understanding has reduced immediate risks to the global economy by keeping the…
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US Dollar Index: Breakout fuelled by hawkish Fed repricing – Societe Generale
Societe Generale’s Kenneth Broux highlights that the Dollar is in breakout territory after DXY moved above 101.00, supported by a…
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Oil: Flow resumption tempers war premium – Deutsche Bank
Deutsche Bank reports that Brent Oil initially fell after the US‑Iran memorandum of understanding, as investors faded war‑related economic fears,…
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Japanese Yen: Intervention risks rise near 1986 lows – Deutsche Bank
Deutsche Bank’s Jim Reid highlights that the Japanese Yen is trading near its weakest levels since 1986, with USD/JPY around…
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