Forex
Swiss franc gains appeal for carry trades after yen intervention
Investors shift focus to the franc as a funding currency for carry trades following rare yen intervention. Swiss franc strengthens against the euro and dollar while rates remain at zero.
AUD/JPY outshines peers as carry trade demand rises amid USD softening
Australian dollar-yen pair leads currency carry trade alternatives with an 18% annual gain, while Mexican peso and Turkish lira flash caution signals despite some technical buy signals.
Poland raises income tax threshold, lifts corporate rate to 22%
Middle-class earners benefit from a higher tax bracket threshold, while corporate tax rises to offset revenue loss. Changes take effect alongside a solidarity surcharge hike.
Bank of America Recommends Selling AUD/NZD on Policy Divergence
Bank of America has recommended shorting the Australian dollar against the New Zealand dollar, citing an anticipated divergence in monetary policy.
BofA flags continued U.S. dollar weakness, NZD gains
Analysts at Bank of America Global Research project further depreciation in the greenback, with the New Zealand dollar poised to benefit.
Poland’s FX reserves fall to $20.75 bln in July
Foreign exchange holdings drop for first time in six months as central bank data reflects currency market dynamics.
EUR/USD rallies as dollar's exceptional strength wanes
Euro gains ground as broad dollar weakness reduces the currency's dominance, with EUR/USD approaching key resistance levels.
U.S. dollar weakens amid mixed economic signals
Dollar index declines as traders reassess Fed policy outlook after mixed U.S. data. Focus shifts to upcoming inflation and jobs reports for direction.
EUR/USD nears multi-month lows, traders eye valuation
Analysts suggest the euro’s recent decline against the dollar may present a buying opportunity, citing stretched oversold conditions and potential mean reversion.
USD/JPY tests Japan’s suspected FX intervention line as carry demand rises
Japanese yen’s decline against the dollar approaches levels that previously prompted suspected currency intervention, while rising global interest rates fuel demand for higher-yielding assets.
Four major FX pairs align, inflation data eyed
Rare simultaneous strength in EUR/USD, GBP/USD, USD/JPY and USD/CHF shifts focus to upcoming inflation releases for policy cues.
Why Bearish Sentiment Persists Around the Japanese Yen
Market participants continue to maintain a bearish outlook on the Japanese yen amid ongoing economic and monetary policy factors.