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Opinions Divide On Next Move For CAD’s Next Move
As France’s BNP Paribas noted on Wednesday, Fed Chief Janet Yellen’s “bi-annual testimony to the House Finance Committee… was more dovish than the mid-June FOMC press conference in emphasising slightly greater uncertainty over inflation.” That’s arguably a fair reflection of how the currency markets saw matters. But as Dutch Bank ING wrote yesterday “testimony from[…]
“So Much Depends Upon Core US CPI,” wrote US firm Citibank in its Economics Weekly. As all will be revealed at 1330h (London time) on Friday, it might be worth taking the opportunity of taking an overview of what some analysts are expecting from the US inflation release for June. Citibank itself expects core CPI […]
Some Euro/Dollar Bulls Are Taking An A-B-C Approach
Germany’s Deutsche Bank recently raised its end-2017 and 2018 forecasts for euro/dollar (EURUSD) to 1.1700 and 1.2000 respectively, characterising their outlook as “a EUR bottoming phenomenon more than a broad USD top story” and noting that “the strong precedent for the EUR bottoming against the USD a long time before most other currencies includes the[…]