NZD/USD to gravitate back towards fair value, seen at around 0.65 – ANZ
Kiwi’s post-US CPI rally extended this week. Economists at ANZ Bank analyze NZD/USD outlook.
Source: fxstreet.com
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EUR/SEK: Still seen at 11.40 in one-month after Riksbank keeps rates on hold – Danske Bank
EUR/SEK spiked higher after Riksbank’s decision to leave rates unchanged.
Source: fxstreet.com
Currencies with the highest interest rate levels are going to suffer most – Commerzbank
Has 2023 been the golden year for carry trades? Economists at Commerzbank analyze the performance of the carry strategy.
Source: fxstreet.com
ECB unlikely to start cutting rates until late 2024 – Commerzbank
There are increasing signs of recession in the Euro area. However, an ECB rate cut is unlikely in the near future, economists at Commerzbank report.
Source: fxstreet.com
GBP/USD holds steady near its highest level since September 9, just below mid-1.2500s
The GBP/USD pair trades with a positive bias for the fourth successive day on Wednesday and hovers around the 1.2535-1.2540 area during the Asian session, just below its highest level since September 9 touched the previous day.
Source: fxstreet.com
Gold flat-lines below monthly top on the back of Tuesday's hawkish FOMC minutes
Gold price (XAU/USD) extends the overnight modest pullback from the $2,007 area, or the vicinity of a multi-month peak, and remains depressed below the $2,000 psychological mark through the Asian session on Wednesday.
Source: fxstreet.com
USD/IDR: Rupiah could remain under pressure – ING
In 2023, the Indonesian Rupiah came under pressure, especially in the second half of the year.
Source: fxstreet.com
USD sell-off unlikely to persist – MUFG
USD stages rebound after heavy sell-off. Economists at MUFG Bank analyze Dollar’s outlook.
Source: fxstreet.com
EUR/USD manages to hold above 1.0900 mark, bullish potential seems intact
The EUR/USD pair edges higher during the Asian session on Wednesday and for now, seems to have stalled the previous day's corrective pullback from the 1.0965 area, or its highest level since August 11.
United States Christine Lagarde European Central Bank Federal Reserve President Christine Lagarde Simple Moving Averages
Source: fxstreet.com
USD/JPY remains on the defensive below mid-148.00s amid subdued USD price action
The USD/JPY pair struggles to capitalize on the previous day's solid 140-145 pips recovery from the 147.15 area, or its lowest level since September 14 and ticks lower during the Asian session on Wednesday.
United States Kazuo Ueda Japanese Yen Yield Curve Control Boj Governor Kazuo Ueda Weekly Initial Jobless Claims
Source: fxstreet.com