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Markets Geopolitics rattled markets otherwise on track for an uninspired trading session. Russian president Putin signed off a revised nuclear doctrine, expanding the conditions for the use of atomic weapons. Russia could now retaliate in case of a (conventional) attack on its soil. Making good on the pledge made by Putin back in September, Russia […]

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25/09/2024

Riksbank to Deliver 25bp Cut Today

In focus today The most important event today will be the Riksbank’s rate decision at 9.30 CET. On the back of a slightly weaker economy and lower inflation than expected, we expect Riksbank to cut the repo rate by 25bp and reduce the repo rate path by some 40bp compared to the June forecast. Such […]
19/04/2024

Commodity Currencies at Strategic Levels. What Can Affect a Breakdown Downwards?

The decline in investor expectations regarding a change in the vector of the Fed’s monetary policy contributes to the fall of not only European, but also commodity currencies. So, in recent weeks: AUD/USD has lost more than 200 points and is testing the extremes of 2023 near 0.6400 USD/CAD is trading at three-year highs and […]
19/01/2024

The Beats of Their Own Drums

Australia has been later to the inflation surge and disinflation than peer economies. So the RBA will be later than its peers to cut rates, too. Central banks can move policy according to domestic needs rather than be led by the Fed. Exchange rates are likely to respond. The world is entering 2024 with global […]