Short Term (3-6 months): OVERWEIGHT
The near-term outlook is likely to see the Euro range-bound against the US-dollar not far from the historic highs for the single currency posted in late-April (around 1.60). The US Federal Reserve has signalled an increased concern at US dollar weakness, highlighting its role in lifting US inflationary expectations. This theme [...]
Entries Tagged as 'Forex Notes'
FX Outlook - Euro
June 13th, 2008 · No Comments
Tags: EURO
Weaker AUD/USD in the H2 2008
June 2nd, 2008 · No Comments
Australia: Rate Cuts Looming as the Economy Stalls
The RBA remains on track to deliver an interest rate cut during the December quarter. The first move may be a 50bp cut in line with the start of previous easing cycles.
The monetary policy easing cycle is likely to deliver 125 to 175bps of ratr reductions by the [...]
Tags: AUDUSD
CAD Update - May 29 2008
May 29th, 2008 · No Comments
CAD continues to drive lower, testing support at 0.9820/25 (May 21st low), after the surprising Current Account Balance release this morning. Canada continues to befuddle our economists and traders but trend is definitely clear. The next target level below 0.9820 will be 0.9715, the February 28th low.
The interesting thing to note is that most of [...]
Tags: USDCAD