USD/JPY to 120 looks like the target this year – ING
ING notes that: “The Bank of Japan is now garnering much more focus than it has in years. Most pressing is the replacement of Governor Haruhiko Kuroda, who leaves in April. A successor will be presented to parliament on 10 February. The favourite, Deputy Governor Masayoshi Amamiya, is seen as the dovish continuity candidate.” “Any […]
ING Taps Worldline for Multiyear Deal in Cards Issuing
ING Bank N.V., the Dutch international bank, has announced a new multiyear agreement with the payment services company Worldline to handle credit and debit card processing and issuing. Worldline to Issue Debit and Credit Cards for ING According to the press release from Monday, Wordline will focus on supporting ING’s issuing operations in the countries […]
Sticky Australian inflation data may add steam to the rally – ING
AUD/USD broke decisively above 0.7000 yesterday. Australian Consumer Price Index data for the fourth quarter could fuel the rally if figures come out sticky, economists at ING. AUD/NZD may retest the recent 1.0950 highs soon “Tonight’s fourth-quarter CPI data in Australia will be key, as evidence of sticky inflation may force a hawkish repricing across […]
Risks still tilted to the upside on the back of positive external developments – ING
Australia’s dismal jobs data weighed on the Reserve Bank of Australia’s (RBA) rate hike expectations, smashing AUD/USD. However, economists at ING maintain a bullish bias. Too early to make strong calls about the end of the RBA hiking cycle “The Australian Dollar has come under pressure after a surprise contraction in employment in December, which […]
Sterling helped by the constructive risk environment at the start of 2023 – ING
Sterling has been performing slightly better. Without any doubt, the better risk environment is helping the GBP, economists at ING report. Better risk environment provides some insulation “The UK has quite a large country weight in global equity and debt benchmarks, meaning that flows into these products can provide some support.” “Market pricing of a […]