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EUR/USD dips after another rejection of 1.09. The pair could slump to 1.0790 on a break below 1.0840, economists at Scotiabank report. Broader bull trend remains intact “Spot has reversed … Read More
USD/CAD started the new week with a soft undertone and retested the mid-Jan low at just under 1.3350. A break below here would open up further losses, economists at Scotiabank report. Near-term risks … Read More
Analysts at MUFG Bank have a bullish outlook for the EUR/CHF cross, considering it could benefit from a further scaling back of fears over recession in the Eurozone. Key quotes: … Read More
Goldman Sachs (GS) recently came out with its take on the recently easing inflation signals from the United States. The investment bank initially said, “Price inflation is slowing sharply,” before … Read More
The Mexican Peso has been rising versus the US Dollar over the last weeks. Analysts at MUFG Bank, argue the resilience of the Mexican Peso might not last long amid … Read More
Economists at Credit Suisse no longer see a compelling reason for USDCAD to reach their 1.4100 target in Q4: they now lower it to 1.3500 and reset their target range … Read More
JP Morgan analysts hold onto their medium-term bullish bias for the US Dollar in the latest report. Key quotes The durability of a broad USD sell-off is fragile with macro … Read More
Data released on Friday showed retail sales remained unchanged in September compared to August. Stripping volatile retail segments suggests some modest upward risk to third-quarter goods spending, explain analysts at … Read More
AUD/USD has breached below 0.6365, the lower limit of recent consolidation. Next supports are located at 0.6210 and 0.6100, economists at Société Générale report. Signals of rebound are still not … Read More
UOB Group’s Economist Lee Sue Ann suggests the Bank Indonesia (BI) could hike further its policy rate at the September 22 meeting. Key Quotes “Consistent with our forecast that inflation … Read More
