ECB Watch: The Peak Is Here or at Least Near
The ECB hiked rates by a further 25bp, bringing the deposit rate to 3.75%.The wording change in the statement explicitly left open the possibility...
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EM Traffic Light July 2023
In July, we observe a significant decrease in overall risk levels. Currently, there are no currencies labeled as high risk, and 27 currencies are...
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FX Daily - USD Slips Ahead of the Fed
FX Market Update —The Fed is widely expected to tighten 25bps today, taking the Fed funds target rate to 5.50%, but markets will be more intently...
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FX Daily - USD Mixed as EUR Slides on Weak PMIs
FX Market Update—The USD is trading mixed to firmer on the day to extend the DXY’s rebound back through the low 101 area where I had expected...
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Global FX Strategy - USD Sentiment Deteriorates Sharply
Speculative Accounts’ overall positioning against the USD versus the major currencies reflected an aggregate short position of USD 19.9bn in the...
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