Hazlitt
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BoJ statement and USD/JPY
The Japanese economy is recovering moderately. In 2012, the economy was recovering moderately. During the Fukishma nuclear reactor disaster, the economy was recovering moderately. At the October 2022 intervention, the economy was recovering moderately. The BOJ highlights correctly the natural rate o
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USD/JPY eyes 1990 highs: Intervention or reversal?
The reversal of the Bank of Japan's monetary policy tightening at the beginning of March not only failed to reverse, but also added to the Yen's weakening trend. The systematic pressure on the Japanese currency raises even more questions, given that the Fed and ECB are less than three months away fr
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Upside risks to the JPY, but downside risks to the CHF – HSBC
The Japanese Yen (JPY) is likely to recover in 2024 while the Swiss Franc (CHF) is likely to extend its year-to-date weakness, economists at HSBC say. SNB surprisingly cut its rate Looking beyond the near-term reaction, we think the US-Japan yield differential is set to narrow, this, among other fac
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GBP/USD edges higher amid softer USD, upside potential seems limited
GBP/USD attracts some buyers for the second straight day, albeit lacks bullish conviction. Rising bets for an imminent interest rate cut by the BoE continue to cap gains for the GBP. The Fed’s projected three rate cuts in 2024 keep the USD on the defensive and lend support. The GBP/USD pair trades w
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US Dollar to embark on a “bumpy road” – Commerzbank
The US Dollar (USD) lost ground after the Fed decision. Economists at Commerzbank analyze Greenback’s outlook. A rate cut for 2024 could still fall by the wayside, which would be Dollar-positive I don't think that much has changed in the end: June is moving back into focus as the first rate cut date
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New Zealand Has NZ$218 Million Shortfall In February
New Zealand posted a merchandise trade deficit of NZ$218 million in February, Statistics New Zealand said on Friday. That beat forecasts for a shortfall of NZ$825 million following the downwardly revised NZ$1.089 billion in January (originally -NZ$976 million). Exports were worth NZ$5.89 billion, up
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