Commerzbank
-
TRY: Inflation forecasts revised up despite assurances – Commerzbank
The Turkish central bank (CBT) has adjusted its year-end inflation forecast for 2025, once again, upward to 31%-33%, compared with…
Read More » -
NOK: Norges Bank delivers no surprises – Commerzbank
Norges Bank did not announce any surprises yesterday, Commerzbank’s FX analyst Michael Pfister notes. NOK continues its recent correction “Interest rates remained…
Read More » -
USD/CAD: A glimmer of hope for Canada – Commerzbank
Over the weekend, renewed glimmers of hope emerged from Canada regarding its relationship with the US, Commerzbank’s FX analyst Michael…
Read More » -
EUR/USD: Unusual outperformance of emerging market currencies – Commerzbank
In recent weeks, the US Dollar (USD) has recovered quite broadly. Rather than trading at around 1.18, EUR/USD has frequently traded below…
Read More » -
JPY: Anticipating the turnaround – Commerzbank
Governor Ueda missed an opportunity yesterday to verbally prepare the market for a possible further interest rate hike in Japan, thereby casting…
Read More » -
TRY: Expectations show inflation risk is elevated – Commerzbank
There are risks associated with continued rate cuts from the Turkish central bank (CBT) against a background of re-accelerating inflation…
Read More » -
RUB: CBR walks a tightrope with inconsequential rate cut – Commerzbank
The Central Bank of Russia (CBR) executed a balancing act on Friday, cutting the key rate by a smaller-than-expected 50bp…
Read More » -
CNY: Surprisingly stable – Commerzbank
At the beginning of this week, the People’s Bank of China set its reference rate for USD-CNY at 7.0930. This was,…
Read More » -
Inflation report to offer clarity, not direction, for the Fed – Commerzbank
It seems that the US administration has at least recognized that inflation data for the third quarter is necessary to…
Read More » -
Unchanged policy message HUF-supportive – Commerzbank
Hungary’s National Bank (MNB) maintained its base rate at 6.50% yesterday, as had been widely anticipated, defying government pressure for…
Read More »
