Commerzbank
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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…
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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…
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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…
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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…
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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,…
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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…
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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…
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The budget showdown is likely to cause movement in GBP – Commerzbank
In retrospect, last week saw a continuation of the Pound Sterling (GBP) performance throughout the year. There was a wealth…
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Environment remains favorable for Gold – Commerzbank
In addition to tensions between the US and China, dovish comments from the Fed also supported the Gold price this week, Commerzbank’s Head of FX…
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Supply concerns drive Silver prices higher – Commerzbank
Even more than the Gold market, the real momentum continues to be seen in other precious metals markets, most recently, particularly in…
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