Australian Dollar Month Outlook (1 – 3 Months)– RBA holds the line for now
Jun 04, 2015 10:02 am UTC| Commentary
The early June meeting of the RBA saw the Bank leave the policy rate steady at 2.00%, following two cuts earlier this year in February and May. In the latest policy statement, the RBA did not include any obvious easing...
Canadian Dollar Month Outlook (1 – 3 Months)– USD/CAD toward the highs
Jun 04, 2015 09:54 am UTC| Commentary
USD/CAD found its low in mid-May before bouncing sharply through the second half of the month. As it is noted in early May, the main drivers of the pullback appeared to be short-term, and had nearly run their course....
Swedish Krona Month Outlook (1 – 3 Months)– CPI uptrend looks shaky
Jun 04, 2015 09:45 am UTC| Commentary
Expectations that Sweden was on the road of recovery from low inflation took a slight knock when the latest April reading of CPI showed headline prices falling 0.2% y/y. Underlying CPI was similarly soft, coming in at 0.7%...
Swiss Franc Month Outlook (1 – 3 Months)– Still following EZ political risk
Jun 04, 2015 09:20 am UTC| Commentary
SNB chair Jordan continues to call CHF "significantly overvalued" adding "it should therefore weaken over time" and that "in addition, we have emphasized we will become active in foreign exchange markets if required"...
Sterling Month Outlook (1 – 3 Months)– Grinding higher
Jun 04, 2015 09:02 am UTC| Commentary
After an initial spike in the immediate aftermath of the Conservatives unexpected election victory, GBP has continued to grind higher on mostcrosses, with the BoE TWI hitting a new post-crisis high. With the election...
Japanese Yen Outlook (1 – 3 Months)– Grinding JPY weakness
Jun 04, 2015 08:13 am UTC| Commentary
USD/JPY finally broke higher in late-May, with the rise through 124 talking JPY to its weakest since 2002. It is hard to tie the move to any particular domestic news flow. The BoJ left policy unchanged at the late-April...
1 – 3 Month Outlook of Euro – Less of a dip
Jun 04, 2015 07:53 am UTC| Commentary
Before the current programme extension expires on June 30, Greece needs to pay the IMF a total of EUR 1.6bn (with the first payment due on June 5) and it needs to pay wages and pensions, neither of which it has the money...
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