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Given the vast chasm between the SNB and Fed, we believe the widening 10-year spread to be significant. Our interpretation is that the market is growing wary of recession risk in the US. Moreover, the CHF has traditionally been regarded as a haven and is likely a beneficiary of the market concerns. Therefore, USDCHF will be a currency pair to keep an eye on. However, we urge caution as the…
The pair is cautious today as the European session gets underway, but heads towards a profitable month, while BoJ governor Kuroda reiterated the commitment to stimulatory policies
Inflation in Japan stayed above the central bank’s target, as today’s data showed, while the pair is soft after Wednesday’s 24-year highs
The common currency is having a profitable week so far, but runs another losing month, contained by familiar key technical levels
The pair is soft, as headline Consumer Price Index (CPI) rose to 9.1% year-over-year in May, in the aftermath of last week’s fifth straight rate hike by the BoE in order fight it
The BoJ is defending the 25bp level on its JGBs. However, it is questionable if the central bank can maintain this, given the current global economy.
The common currency jumped as the ECB reportedly called an unscheduled meeting, while markets brace for the Fed’s policy decision, amidst pressure for 75 basis points rate increase
GBPUSD declines as Fed and BoE policy aggressiveness diverges.
The pair extended this month’s advance to the highest level since October 1998 on Monday, but has been consolidating over the last few days, while markets await policy updates from the Fed and the BoJ this week
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