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USD/MXN Price Forecast: Peso rally targets April 2024 low

The Mexican Peso appreciates against the US Dollar, testing two-year highs near 16.85 as the USD/MXN sets aside a strong US Nonfarm Payrolls report, which was ignored by the Peso’s bears. At the time of writing, the eme…

Finance

Indonesian Rupiah: Two-way risks around support levels – OCBC

OCBC’s Christopher Wong notes that USD/IDR has pulled back as a softer Dollar and lower UST yields support the Indonesian Rupiah. He highlights Bank Indonesia Governor Destry Damayanti’s emphasis on a stability-first ap…

Finance

Sterling’s rally stalls as US jobs data reopens Fed debate

The Pound Sterling retreats some 0.09% against the US Dollar as the latest US inflation report reaffirmed what Fed Chair Warsh said that the labour market is “consistent with full employment.” GBP/USD trades near Friday…

Finance

Malaysia: Hawkish pause keeps options open – DBS

DBS Group Research economist Chua Han Teng notes that Bank Negara Malaysia (BNM) held the Overnight Policy Rate at 2.75% while dropping language that the current level is appropriate. DBS expects rates to remain unchang…

Finance

Turkey: CBRT likely to hold before two Q4 rate cuts - ING

ING’s Muhammet Mercan notes the Central Bank of the Republic of Türkiye (CBRT) has normalised liquidity via weekly repo auctions, bringing effective funding costs down to the 37% policy rate. ING expects the CBRT to hol…

Finance

Eurozone: Inflation above target into 2027 – Nordea

Nordea expects Eurozone inflation dynamics to stay persistent, with headline inflation projected above the ECB’s target at least until spring 2027. They see recent data as slightly weaker than the ECB’s June projections…

Finance

European Central Bank: Inflation-driven hike prospects – DBS

DBS Group Research expects the European Central Bank (ECB) to raise the deposit facility rate to 2.50%, citing a resilient inflation-growth mix in the Eurozone. The report notes headline inflation has moved further abov…

Finance

Japanese Yen: Sharp rebound and Fed repricing – MUFG

MUFG’s Michael Wan highlights a sharp strengthening in the Japanese Yen, with USD/JPY dropping from 160 to around 155.30 as the Dollar broadly weakened and Asian FX gained. The report notes uncertainty over any Bank of …

Finance

Will Nike stock every recover?

The news traveled quickly across Nike’s sprawling headquarters in Beaverton, Ore. Elliott Hill was coming back.

Finance

Swiss Franc weakens ahead of Unemployment Rate data

USD/CHF gains ground after registering losses in the previous day, trading around 0.8080 during Asian hours on Friday. The pair appreciates as the US Dollar (USD) holds gains after recovering daily losses; however, the …

Finance

Indian Rupee trades close to two-month low ahead of US NFP data

The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Friday, but is close to its two-month high of 94.29 posted the previous day. The Indian currency strengthens due to strong inflows of foreign fu…