The USD bull trend is reversing. This is very much the early part of any reversal, but our 'rubber-band' view of major FX rates suggests that a bearish USD trend may build. A Y120 target seems reasonable, but long-term FX hands will remember that yen strengthening risk can build fast, back to Y100? Cable is looking very perky, $1.30 risk is high and the EUR/USD may be able to clear $1.10/$1.12 sooner than thought for $1.20 to follow.
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See AllOur round-up of what to expect in the coming week and the key events of last week. The regular Spotlight feature looks at the FTSE 250. The index usually rises the year after a negative return year, b
Our round-up of what to expect in the coming week and the key events of last week. The regular Spotlight feature looks at NVIDIA and the NASDAQ 100 as chips are seemingly in play for the AI dream. Our
Central bank rate change divergence is likely to build over the summer. The RBNZ meets o/n and it will be interesting to see if they push rates higher again or pause. The USD is holding steady or gain
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