AUD/USD powers to a three-month high. Economists at Société Générale analyze the pair’s outlook. Source link...
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USD/INR: Rupee to see a more modest appreciation during 2024 than its peers – ING
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Economists at ING expect the Indian Rupee to struggle to stage a significant rally next year. Limited upside despite economic strength India has bucked global trends for a weakening economy and...
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EUR/USD could advance to 1.1000 near term – UOB
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If EUR/USD clears the 1.0945 level, it could open the door to a potential test of the 1.1000 threshold in the next few weeks, suggest UOB Group’s Economist Lee Sue Ann and...
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NZD/USD: Change of the RBNZ remit could support Kiwi – ING
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Economists at ING are bullish on the NZD/USD and are interested in whether the new government changes the Reserve Bank of New Zealand’s remit – a potentially bullish factor for the...
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Oil: Saudi Arabia will extend its production cuts into 2024 if they want prices to remain above $80 – ANZ
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Oil prices are likely to settle around $80/bbl, strategists at ANZ Bank report. Saudi Arabia may extend cuts as Oil market tightness eases Tightness in the Oil market has eased as...
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BoE: Discussions about cutting interest rates to put additional depreciation pressure on GBP – Commerzbank
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UK Consumer price inflation was significantly lower in October than in September. However, the Pound was unable to benefit. Economists at Commerzbank analyze GBP outlook. Inflation still well above the target...
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EUR/USD to trade at lower levels on a 6-12M horizon – Danske Bank
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EUR/USD has rallied over the past month with the cross breaching the 1.08 mark. Economists at Danske Bank analyze the pair’s outlook. Further upside potential in the near-term We maintain the...
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USD to trade with a softer bias overall going forward – Scotiabank
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USD rebounds look there for the selling now, Shaun Osborne, Chief FX Strategist at Scotiabank, reports. USD rebounds remain possible I expect the USD to trade with a softer bias overall...
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GBP/USD to head higher toward 1.2525 on a rise above 1.2455 – Scotiabank
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The GBP/USD pair is marginally firmer on the day. Economists at Scotiabank analyze the Cable’s outlook. Directional risks are tilted to the topside The overall pattern of short-term trade remains constructive...
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Indonesia: Trade surplus widened in October – UOB
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UOB Group’s Economist Enrico Tanuwidjaja and Junior Economist Agus Santoso comment on the latest trade balance figures in Indonesia. Key Takeaways Indonesia recorded its 42th consecutive month of trade surplus amid...
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