Currency Forecast

Here are our four scenarios for the European Central Bank and their related implications for the currency and rates markets. A 75bp ECB hike is our call; it's what markets are expecting too. Attaching...

As the FX market awaits the big ECB and Fed meetings over the next week, the hottest topic right now is what Chinese authorities are doing with the renminbi. Having tried to stabilise it since late...

Many parts of the FX market are starting to see the emergence of trading ranges - although Asian FX now looks like the weak link here. Despite this consolidation, FX traded volatility levels remain...

The dollar retreated 0.15% as China considered reducing inbound quarantine to 7 from 10 days. The greenback's slide followed Wednesday's 0.75% jump, the sharpest advance in a week, as soaring UK...

Monday was a dramatic day for currency traders, when Britain's new Chancellor of the Exchequer, Jeremy Hunt scrapped much of Prime Minister Liz Truss's earlier fiscal measures, explaining that it is...

A reversal in UK fiscal policies, some stability in equity markets, and a dip in European energy prices point to a further corrective period in FX markets. The dollar could weaken a little further,...

UK politics commands the international spotlight from time to time, and that time is now. Yet, while we fraternize over Fed policy and how high the Fed could take the fed funds rate into 2023, UK...

The dollar continues to consolidate barely 1% off its highs of the year. Last night's release of the September FOMC continued to reveal a very hawkish Fed operating the risk management strategy that...

We continue to favor a stronger dollar this week, as CPI numbers should show another acceleration in core inflation, Fed communication should remain hawkish and risk sentiment unstable. The...

USD/JPY rises for 8 consecutive week Yen's weakness persists; returns to pre-intervention levels Watch out for more intervention and/or a sharp move in USD/JPY The USD/JPY has climbed above the...

The dollar downtrend appears to be running out of steam. In our view, a further US dollar recovery is likely from current levels as markets show reluctance to fully jump in on bets of a Fed pivot. We...

U.S. Dollar: Position Adjustment Dominates Tuesday saw a tremendous rally in risk assets, where European equities led the pack by gaining over 4%, high yield credit spreads narrowed 30bp+ and...

Eurozone and German inflation hit double digits Stagflation and energy crisis pose great risk to EZ economy Fed continues hawkish rhetoric, keeping dollar supported on dips The EUR/USD is likely to...

In response to Prime Minister Liz Truss' defense earlier today of Friday's massive package of unfunded tax cuts that rocked markets, the pound sterling lost two days' worth of gains, and UK gilt...