Exchange rate

The USD/JPY currency pair remained on the defensive in early Asian trading Thursday. USD/JPY is currently trading around 144.80, down 0.03% on the day. The dollar was lower as U.S.…

EUR/SEK rose above 11.90 last week and hit a new high with focus on 12.00. We think this week’s pullback is mainly technically driven. Keep an eye out for Nvidia’s…

BoE rate expectations have been volatile since wages and CPI unexpectedly rose last week. Poor retail sales on Friday knocked more than 10 basis points off peak bank rate expectations,…

Our call for USD/JPY to “go above last week’s high of 146.55” did not materialize as it traded within the 145.51/146.39 range. This appears to be part of a consolidation…

The market may be slightly inclined to continue to be bearish on EUR/USD. Unless we get some encouraging news from the Purchasing Managers Index (PMI), or the dollar falls (eg,…

We were wrong yesterday that Aussie would consolidate between 0.6380/0.6430. Contrary to range-bound trading, the Aussie rose to 0.6455 before retreating. Although it rose to 0.6455, the upward momentum did…

ECB President Christine Lagarde may leave all doors open for now. The euro could come under downward pressure when European Central Bank President Christine Lagarde speaks at the Jackson Hole…

USD/CNH will continue to move higher. Financial stress is on the rise, raising renewed concerns about whether China is heading for a deeper financial and economic crisis. While we believe…

Yesterday we expected the euro to trade between 1.0870/1.0915. Surprisingly, volatility spiked. After rising to a high of 1.0930, the euro fell to a low of 1.0831 before closing at…

In the Asian market on Wednesday, USD/RUB fell slightly above the 94.50 mark after retreating from a 16-month high of 102.35. Meanwhile, the U.S. dollar index (DXY) fell to 103.50…