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Global FX Insights

Next 24 hours: Yen sees some upside for a change

Today’s report: Market pricing and Fed pricing on the same page

We haven’t seen all that much movement in markets over the past 24 hours. Volatility has come down, with currencies chopping around and US equities consolidating off record highs. The lackluster price action can be best reflected through a check in on OIS pricing which has held steady over the past week.   read report

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Wake-up call

Kiwi slammed after RBNZ delivers dovish hold

Next 24 hours: Economic outlook sours around the globe

Today’s report: Kiwi slammed after RBNZ delivers dovish hold

Economic data produced a mixed bag on Tuesday, leaving financial markets in an indecisive mood. We got some hotter than expected inflation data out of Japan, hawkish comments from BOE Ramsden, an upward revision to the US GDP tracker, softer Eurozone reads, and a miss from US durable goods.   read report

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Wake-up call

Next 24 hours: Yen gets boost from inflation data

Today’s report: US government shutdown worry back in headlines

The market is perhaps getting a little worried about being overcooked following the latest record prints in US equities. The fact that the US government shutdown deadline is approaching with no budget deal to speak of is also ruffling some feathers.   read report

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Wake-up call

More adjustments to Fed rate cut bets

Next 24 hours: ECB speak helps to boost Euro

Today’s report: More adjustments to Fed rate cut bets

The market has been trading with some caution as the new week gets going. US equity futures are off a bit and the US Dollar is broadly bid. As far as US rate expectations go, the OIS market is now pricing a cumulative 82 basis points of rate cuts in 2024.   read report

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Wake-up call

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