Banks
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Japanese Yen: BoJ tightening debate supports JPY – Rabobank
Rabobank strategist Elwin de Groot highlights that Japanese policymakers are increasingly focused on achieving the inflation target sustainably and supporting…
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US Dollar: Softer tone with falling yields – MUFG
MUFG’s Lee Hardman notes the US Dollar (USD) is trading on a softer footing as Federal Reserve (Fed) rate hike…
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Norwegian Krone: Weaker after Norges Bank holds rates – Danske Bank
Danske Research Team notes that Norges Bank left its policy rate at 4.25% and kept a tightening bias despite weaker…
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British Pound: Locked in tight ranges against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report GBP/USD price action remains confined, with intraday moves seen between…
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Euro: Showing some undervaluation against US Dollar – ING
ING FX Strategist Francesco Pesole highlights that EUR/USD appears modestly undervalued, with short-term fair value estimated around 1.160–1.1650 based on swap spreads.…
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Equities: US stock rally broadens as S&P 500 hits new high – Deutsche Bank
Deutsche Bank strategists report that United States (US) equities, led by the S&P 500, have reached new record highs as…
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Russian Ruble: Trade boost from Oil seen fading – Commerzbank
Commerzbank’s Tatha Ghose reports Russia’s June merchandise trade surplus rose to USD 12.5bn, up over 50% year-on-year, as higher Oil…
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US Dollar: Fed-driven hedge rebuilding revives selling pressure – BNY
BNY’s Geoff Yu argues that the July Fed meeting marked a peak in Dollar dehedging rather than an end to U.S. exceptionalism.…
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Equities: AI rally and CPI relief lift US stocks – Deutsche Bank
Deutsche Bank strategists highlight that the S&P 500 closed just below its record high as US CPI data reduced urgency…
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Indian Rupee: Contained inflation supports RBI pause – Commerzbank
Commerzbank’s FX team notes India’s July CPI rose slightly to 4.5% year-on-year but stayed within the Reserve Bank of India’s…
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