Ulrich Leuchtmann, head of FX and commodities research at Commerzbank, said in a note that the strength of the dollar since the US Presidential Election suggests investors believe President-elect Donald Trump's policies will further favour the dollar. Since the election, the dollar has appreciated by an average of about 2 per cent against other G10 currencies, Mr. Leuchtmann said. "Markets seem to believe that Trumponomics [the policies of the incoming Trump administration] will have a significa...
1. Deutsche Bank: The Bank of Canada is expected to cut interest rates by 25 basis points tonight, and the recent weakness in the labor market provides a good reason. 2. DBS Bank: The Bank of Canada is expected to cut interest rates by 25 basis points tonight, but GDP has accelerated unexpectedly, so we need to be vigilant for the risk of subsequent suspension. 3. Scotiabank: The Bank of Canada is expected to cut interest rates by 25 basis points tonight, and the Bank of Canada is expected to fu...
1. Deutsche Bank: The yen will weaken, and the Bank of Japan is expected to raise interest rates again in December. 2. Norges Bank: OPEC + production increases may lead to oil prices falling as low as $60/barrel next year. 3. SMBC Nikko Securities: The Nikkei index may rise to 42,500 by the end of the year. 4. Capital Economics: A breakdown in Gaza ceasefire talks would put inflation and interest rates at upside risk. 5. Mitsubishi UFJ: Sterling gets a boost from betting that the Bank of England...
Deutsche Bank said that after the recent market turmoil, the Federal Reserve is unlikely to endorse expectations at the upcoming Jackson Hole seminar that it may cut interest rates more aggressively than previously expected, which could boost the dollar. Currency analyst Antje Praefcke said in a note that unless the CPI inflation data on August 14 is higher than expected, or there is another major market panic, Fed officials may try to appear calm at the August 22-24 seminar and...