Page 12 - Nterestrate News Today

The FX market’s sensitivity to central bank policy continues to amaze Kit Juckes, Chief Global FX Strategist at Société Générale.

Banxico meets to set interest rates today. The Mexican Peso (MXN) has been one of the very few currencies to appreciate against the dollar on a total return basis this year.

Economists at ANZ Bank expect the USD/JPY exchange rate to trade at 136.00 by the end of 2024.

Recent economic indicators and Federal Reserve statements have impacted market outlooks in the USA.

Richmond Fed Thomas Barkin spoke at the Economic Club of New York on Thursday: In aggregate, past rate hikes are still working their way into the economy.

Boston Fed Susan Collins spoke at the Boston Economic Club: She suggested that It is likely that we will cut rates later this year if the economy meets expectations.

In EM, the currencies of Mexico and Turkey are outperforming.

The Dollar ekes out modest gains from US exceptionalism. Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes FX market outlook.

The AUD/USD plunged to a three-month low due to hawkish comments from Federal Reserve Chair Jerome Powell and expectations of a dovish rate held by the Reserve Bank of Australia (RBA).

After a strong start to the year, the Pound Sterling (GBP) has retreated somewhat at the start of February.