An explicit signal of a pause will weaken CAD – MUFG
Later today, we have the Bank of Canada policy meeting. Economists at MUFG Bank do not expect a big reaction on the CAD unless the BoC explicitly signals a pause. Approaching terminal rate? “While we believe there is a good chance today’s 25 bps hike could be the last, we are less sure that the […]
USD continued to weaken on January 11th, eyes on UK GDP data
The US Dollar resumed its decline against the British Pound and the Euro as investors and traders focus on the release of US inflation data due on Thursday January 12th. The US Dollar Index (DXY) remains pressured towards the 103.00 round figure, barely higher than the lowest level recorded in the last seven months. As […]
Don’t expect Yen to weaken much further
Former Bank of Japan (BoJ) board member Sayuri Shirai said on Wednesday, “US interest rates are declining so don’t expect the Yen to weaken much further.” Further comments “Excessive strength in dollar likely to be corrected.” “Households and companies’ inflation expectations are extremely high but market forecasts are below 2%, not much change in inflation […]
Will Mexican weaken? Forecast as of 05.01.2023
2023-01-05 2023-01-05 Will Mexican weaken? Forecast as of 05.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Mexican peso could turn from a leader to an outsider in Forex. All bearish drivers have already been priced in the USDMXN. Let us discuss the Forex outlook and make up a trading plan. Weekly Mexican peso fundamental forecast Due to the pandemic […]