Exchange rate

24-hour view: After the pound fell to 1.2767 last Friday and rebounded, we emphasized yesterday that “although there is a strong rebound, the momentum has not increased significantly, and the…

24-hour view: Yesterday we thought that the euro “could consolidate and trade between 1.0980-1.1055.” Our consolidation view is correct, even if it is trading in a narrower than expected range…

Japan’s government bond market has turned into a cat-and-mouse arena for investors and the Bank of Japan, as the latter tries to slow a rise in yields towards its new…

ECB presidents are emulating the behavior of their US counterparts. The same monetary policy under different circumstances can have different effects If the ECB follows the Fed more or less…

USD/JPY opened lower on Monday, but there was a lack of follow-through selling. The US PCE price index was weak on Friday, with bulls on the defensive and under pressure.…

USD/CNH fell to 7.16 after approaching 7.30 in early July, and EUR/CNH fell to 7.88 from a recent peak of 8.10. Expect EUR/CNH to trade lower to around 7.60-7.70 in…

24-hour view: Last Friday we emphasized that “sterling does not rule out further declines, but is unlikely to hit the important support of 1.2720.” GBP fell less than expected, as…

24-hour view: Last Friday we noted that the euro “could break below the key support level at 1.0965.” However, we believe that “the euro may not be able to sustain…

The U.S. dollar edged higher in early European trade Monday, but is on course for a monthly loss as traders weigh up the possibility of an end to the Federal…

24-hour view: We highlighted yesterday that “weaker underlying tone suggests USD/CNH could test 7.1240”. Although the exchange rate fell below 7.1240 (low 7.1170), it rebounded sharply to 7.1774. Today, the…