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USD/INR: A modestly stronger Rupee by the end of 2024 – ANZ
Economists at ANZ Bank expect the Indian Rupee (INR) to enjoy a mild appreciation over the course of the year. INR to remain less volatile compared to other Asian currencies A balance of payments surplus points to a stronger Rupee, but the RBI’s two-way FX intervention to keep the INR stable has cap
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A rosy turn in the market
Wednesday brought a positive turn for the stock market, instilling a sense of optimism among investors who had weathered some recent turbulence and downward sessions to start the week. The latest round of CPI and PPI data has bolstered confidence among forecasters and the Federal Reserve that the fo
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SEK still looks a bit fragile in the near term – ING
The Riksbank announces monetary policy today. Economists at ING analyze the Swedish Krona (SEK) outlook ahead of the decision. Riksbank to resist dovish temptation Consensus is firmly calling for a hold. We agree and markets are not pricing any move either. Our view is that the Riksbank will revise
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Bearish Aussie pattern, ahead of Australian CPI
With CB turning dovish, I think Aussie will be closely watched this week with inflation data on Wednesday, when speculators can put out their new bets regarding the RBA rate decision. Data in recent months showed that inflation is slowing down, so if this path remains unchanged after Wednesday, then
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USD/JPY Price Analysis: Hanging Man at highs could be bearish omen
USD/JPY forms a bearish candlestick pattern at the multi-year highs. A bearish close on Friday would enhance the possibilities of a pullback. The BoJ has historically intervened to strengthen JPY in the 151.000s, indicating more downside pressure likely. USD/JPY has formed a bearish Hanging Man Japa
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AUD/USD falls back to lows of the day after release of US data
AUD/USD declines back down to the 0.6580s. Aussie employment data and Fed meeting outcome had boosted the pair early on Thursday. Upbeat US data saw AUD/USD fall back down, however, during the US session. AUD/USD trades back down at the lows of the day, during the US session on Thursday, after a bat
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USD/CAD: Loonie should profit from narrower spreads – Scotiabank
USD/CAD is steady on Thursday. Economists at Scotiabank analyze the pair’s outlook. Short-term spot trends are somewhat mixed Lower US rates and narrower US/Canada spreads are supportive of a somewhat firmer CAD in the near term and the CAD-positive turn in seasonal trends into Q2 remains something
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