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Euro: ECB caution meets France risk – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad notes the European Central Bank (ECB) is expected to hold rates at 2.50%, with markets still pricing a strong chance of a December hike to 2.75%. While contained core inflati…

Brazilian Real: Lula reelection risks and carry support – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad assesses Brazilian assets following President Lula’s surprise reelection. Haddad expects short-term downside for the Brazilian Real (BRL) as markets unwind the prior Bolsonar…

U.S. yields hover near 3-week lows as ahead of Fed decision

China growth improves. China’s economy expanded 4.5% y/y in Q3, above the 4.4% forecast and up from 4.3% in Q2. September industrial production accelerated to 5.5%, while retail sales rose 1.1% vs 0.5% expected. The imp…

BRL/USD Set to Suffer on Surprise Lula Win

The dollar is starting a busy week relatively supported. It is a week that includes key events such as Wednesday's FOMC meeting, third-quarter earnings from big tech companies and geopolitical events, including tomorrow…

New Zealand Dollar poises for gains amid RBNZ rate hike odds

NZD/USD moves little after posting modest gains in the previous trading day, hovering around 0.5700 during Asian hour on Monday. The pair may regain its ground as the New Zealand Dollar (NZD) could receive support from …

Forex Weekly: AI Bangs the Currency Gong

The FX market spent most of the week doing what it has done remarkably well all year: making the major pairs look deceptively calm while the real action was taking place underneath the hood on the not-so-sleepy crosses.

US Dollar: Fed pause keeps December hike in play – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad expects the Federal Reserve (Fed) to leave the Fed funds rate at 3.75–4.00% this week, with futures pricing only a small chance of a move. Strong US data and rising inflation…

USD/JPY Price Forecast: Hammer signals rebound risk near 156.00

The Japanese Yen finished the week on a higher note as the USD/JPY pair registered losses of over 0.74% in the week, while holding firm daily amid a sour market mood. The pair trades at 156.85 as a ‘hammer candle patter…

AUD/USD Price Forecast: Bulls challenge SMA cluster, eye 0.7100

The Australian Dollar finished Friday’s session with gains of over 0.22% and the week up by more than 1.20%, with the pair reclaiming the 0.7000 figure and poised to test a confluence of key resistance levels within the…

Mexican Peso recovers but faces weekly loss on Iran risk

The Mexican Peso (MXN) appreciates about 0.30% on Friday against the US Dollar (USD), but it remains poised to end the week with losses of more than 1% even as risk appetite soured amid a potential escalation of the Mid…

Philippine Peso: Bearish but constrained by Oil – OCBC

OCBC strategists Christopher Wong and Sim Moh Siong note Philippine Peso (PHP) remains under pressure even after a larger-than-expected 50bp Bangko Sentral ng Pilipinas (BSP) hike to 5.50%, reflecting persistent inflati…