USD/JPY bounces off the 137.00 level, or a 1.5-week low hit earlier this Friday. The narrowing of the bond yield spread between the US and Japan and the cautious sentiment benefit the safe-haven Japanese yen. The divergence between the Fed and the BoJ supports the prospects for a further short-term rise in the pair. The […]
Tag: Bonds
ODDIX: Auction of 625 million euro six-month interest on Wednesday
On Wednesday, July 27, 2022, an Auction of 26-week Interest-bearing Notes of the Greek State, in intangible form, amounting to 625 million euros, expiring on January 27, 2023, will be held. The settlement date will be Friday, July 29, 2022 (T+2). Interest is calculated on an ACT/360 time basis. The auction will be conducted with […]
BofA: The impact of a weak euro on equities and the outlook going forward
Her Eleftherias Kourtalis The weakness of the euro this year has dampened the sell-off in European stocks and led to their outperformance against global stocks, Bank of America notes in a report today. The less scope for the euro to fall, after the recent weakening, leaves EU stocks more exposed to further weakening of growth, […]
AUD/USD extends retracement from multi-week highs and falls towards 0.6860
AUD/USD falls for the second consecutive day on the appearance of new purchases around the dollar. Recession fears weigh on global risk sentiment and benefit the dollar as a haven. Investors are now waiting for the US economic data to have new opportunities in the short term. The pair AUD/USD has attracted some sellers for […]
Citi: Equities and Bond Impacts from ECB Decisions and Political Crisis in Italy – Periphery at Risk
Her Eleftherias Kourtalis The ECB is set to raise interest rates for the first time in more than a decade while unveiling its new anti-fragmentation tool. However, the market has already marked a strong de-rating in anticipation of these moves, as noted by Citigroup. “We are less concerned about the further decline in valuations and […]
USD/CHF extends intraday recovery from two-week low and climbs above 0.9700
USD/CHF gains some positive traction on Wednesday and reverses some of the previous day’s decline. A positive risk tone weighs on the safe haven CHF and offers support to the pair. High US bond yields help the dollar stop its corrective pullback and provide a modest boost to the pair. The pair USD/CHF attracts some […]
AUD/USD flirts with monthly highs above 0.6900
AUD/USD gains ground for the fourth day in a row and hits a new monthly high. Fading expectations of a 100 basis point Fed interest rate hike in July are weighing on the USD and offering support to the pair. High US bond yields help limit USD losses and cap any upward movement in the […]
USD/JPY struggles to find direction trapped in a range around the 138.00 level
A mix of divergent factors fails to give USD/JPY a significant boost on Wednesday Diminishing odds of a 100 basis point Fed interest rate hike in July weighs on the dollar and acts as a headwind for the pair. The divergence between Fed and BoJ monetary policies helps limit deeper losses ahead of Thursday’s BoJ […]
GBP/USD pulls back towards 1.2000 after UK CPI, decline looks supported
GBP/USD continues its struggle to break above the 1.2040-1.2045 resistance zone. Strong UK consumer inflation figures did not impress sterling bulls or provide any lift. The selling trend around the dollar benefits the pair and helps limit the decline. The pair GBP/USD moves higher for the fourth day in a row and is approaching the […]
USD/CHF falls below 0.9700 to two-week lows as dollar continues to pull back
USD/CHF witnessed strong selling on Tuesday and fell to a nearly two-week low. The dollar’s ongoing pullback from a two-decade high continued to put pressure. Rises in US bond yields and risk-on momentum could help limit losses. The pair USD/CHF found a fresh bid near the 0.9785 area on Tuesday and extended its corrective decline […]
