Banks
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US Dollar: Fed minutes watched as rate doubts grow – Commerzbank
Commerzbank’s Antje Praefcke says markets will scrutinize the latest Fed minutes for clues on how close policymakers remain to another rate hike…
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Indonesian Rupiah: Policy continuity supports currency – Societe Generale
Societe Generale analysts Galvin Chia and Kunal Kundu note that Bank Indonesia kept the BI rate at 5.75%, with deposit and lending…
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Asia FX: Lower US yields offset Oil risk – MUFG
MUFG’s Lloyd Chan notes that the Korean Won (KRW) and Taiwan Dollar (TWD) are leading Asia FX gains as softer…
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Japanese Yen: JGB spillover supports firmer JPY against US Dollar – OCBC
OCBC’s Sim Moh Siong and Christopher Wong highlight that rising long-end Japanese government bond yields are increasingly influencing global curves…
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Indonesian Rupiah: BI seen hiking to anchor rupiah – UOB
UOB strategists highlight Bank Indonesia’s (BI) policy meeting, with consensus expecting no change but its macro team forecasting a 25…
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British Pound: Softer as jobs data cools hikes – ING
ING’s Chris Turner reports a firmer EUR/GBP after UK labour data, with economist James Smith highlighting a cool jobs market and minimal…
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US Dollar: Carry-supported but rangebound near term – OCBC
OCBC’s Sim Moh Siong and Christopher Wong highlight that still-attractive US Dollar (USD) carry and softer United States (US) data,…
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Equities: Stagflation fears weigh on US stocks – Deutsche Bank
Deutsche Bank strategists note that rising oil prices are reinforcing stagflation concerns and weighing on equities globally. The S&P 500…
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Indian Rupee: RBI inflow strategy recalibrated – Commerzbank
Commerzbank analysts describe how the Reserve Bank of India’s (RBI) early closure of the FCNR(B) swap window follows strong FX…
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Euro: Upside bias needs confirmation above 1.1615 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report that EUR/USD briefly broke above major resistance at…
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