RBNZ: Kiwi's Push to New Highs is a Function of Governor Wheeler's Guidance - BBH Research Team at BBH, notes that the Kiwi is up 1.5% following the RBNZ's decision to leave rates on hold and signal little urgency to cut again in the near-term...
US: Delayed Fed Rate Hike Expectations Prompt Search for Yield - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar remains on the defensive in the near-term with renewed weakness most evident against commodity related and emerging market currencies...
All About Positioning on Rate Moves The overnight volatility on currencies has come from central bank decision and also lack of them. The main surprise was with the cut in rates from the Bank of Korea, cut to 1.25% (from 1.50...
Long Overdue Correction for Euro Previous: On Wednesday the euro/dollar managed to lift above 1.14. Due to oil and gold prices rising, the euro's strengthening was held back in the EUR/AUD and EUR/CAD crosses...
NZ: Kiwi Flying High in the Aftermath of RBNZ - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the New Zealand dollar has benefitted from the RBNZ’s decision to leave its key policy rate unchanged overnight at 2.25...
AUD: Falling Growth Raises Downside Risks - ANZ Research Team at ANZ, estimates that the Australia’s potential growth is closer to 2.5% than the 3% that was commonly sighted previously...
AUD: The Week Ahead - ANZ Research Team at ANZ, notes that the AUD has been launched higher by the weaker than expected US payrolls report, which undermined near-term expectations for rate hikes from the Fed...
US: On Hold for the FED Dot Plot – ANZ Research Team at ANZ, suggests that the dot points the FOMC release next week will be key, as that will give us a central case expectation for their intentions over the second half of the year...
NZD Flying High After RBNZ - Rabobank Michael Every, Head of Financial Markets Research at Rabobank, notes that in New Zealand the RBNZ left rates unchanged as expected and as a result the NZD saw a dramatic surge up to 0.7125, the highest since June 2014...
Central Banks to the Sidelines The inability of central banks to forecast more than a month in advance along with an unwillingness to surprise is increasingly leaving them paralyzed...
Little RBA Cheer for Aussie Dollar Bears - UBS The Reserve Bank of Australia's (RBA) decision to leave the cash rate on hold at 1.75% earlier this week was expected. According to the UBS team, not so was the neutral rates bias delivered in the post-meeting media release...
AUD Remains Strong, Watch Fed and Aussie Q2 CPI's - UOB While the AUD/USD remains strong, analysts at UOB reminded us that the Reserve Bank of Australia kept the Official Cash Rate (OCR) unchanged at a record low 1.75% on Tuesday...
RBNZ Likely to Stay Pat at Record Low The Reserve Bank of New Zealand is likely to keep policy rates at record low at its monetary policy meeting scheduled on June 8 at 21:00 GMT. The central bank is expected to leave the Official Cash Rate at its record low of 2.25 percent...
JPY: Supported by Numerous Factors - MUFG Derek Halpenny, European Head of GMR at MUFG, notes that the yen is stronger versus most G10 currencies this morning as upside pressure persists with numerous factors set to keep the currency underpinned...
CHF: Swiss Reserves are Not What They Seem - BBH Research Team at BBH, suggests that the news that Switzerland's reserve rose to a new record high of CHF602.1 bln in May from CHF587.9 bln in April spurred talk that the SNB has been intervening covertly...
CAD: Downside Risks Remain Firmly in Place – RBC CM Research Team at RBC Capital Markets, suggests that the downside risks remain firmly in place for USD/CAD technically as crude oil is propelled higher off of uptrend support at 48.55. Key Quotes “With support at 1...
Sterling Volatility Heightened Leading Up to the EU Referendum - Investec Research Team at Investec, suggests that they have been talking a lot recently about volatility and particularly heightened Sterling volatility leading up to the EU referendum as uncertainty of the outcome, and how the poun...
