USD Rallies, but Risk Appetite Wanes Before Holidays
USD comes back better bid with tensions still elevated in the Middle East. However, stocks and bonds are stronger. Yet, ahead of long holiday weekend in US and UK, the North American appetite for risk may be limited. See https://t.co/woF1nlm3cF https://t.co/CNIBCvDfHD
BI's Rate Hike Aligns Money Growth with Inflation Target
To defend the Rupiah, Bank Indonesia raised interest rates by 50 bps. Meanwhile, inflation is 2.4%/yr. Indonesia's money supply is growing at 9.7%/yr. That's within Hanke’s Golden Growth Rate of 8.4%-10.4%/yr, a rate consistent with hitting BI's inflation target of 1.5%-3.5%/yr....
AUD/USD Nears Key Resistance, Reversal Risk Grows
Australian Dollar Forecast: AUD/USD Bulls Eye Major Resistance- Inflection Risk Builds https://t.co/rT24fYa64g #AUDUSD Weekly Chart https://t.co/fGrN1Bn5fq
ECB Rate Hike Looms as EUR/GBP Slides, Spread Rises
So sources are suggesting an ECB rate hike is on tap next month and this morning's UK inflation data isn't yet showing downstream acceleration (PPI up but CPI and RPI slower). $EURGBP is still tracking to the bottom of its...
ECB’s Wunsch: June Rate Hike Likely if War Persists
ECB’s Wunsch sees June hike quite likely if war doesn’t end https://t.co/njOtIFl80F via @weberalexander @flacqua https://t.co/9gn4c9lOxU
BoJ Selling Treasuries to Fund Yen Support?
Is the Bank of Japan selling treasuries to use the capital to support the Yen?
AUDNZD Rally Wanes as Yield Spread Divergence Deepens
One for the APAC session traders: what do we think of $AUDNZD. It's been an impressive rally as rates and rate forecasts have climbed, but spot and the 2-year AU-NZ yields spread have started to diverge - 60-day correlation lowest in...
Japan’s Finance Chief Seeks Excuse for More Weak Interventions
Japanese Finance Minister looking for the next reason to pull the trigger on another wave of - likely underwhelming - intervention
DRC and Nigeria Lead African Currency Gains
Here is how the TOP African Currencies have performed against the US dollar over the past year: 🇿🇦South Africa: +8.67% 🟢 🇪🇬Egypt: -6.25% 🔴 🇳🇬Nigeria: +17.05% 🟢 🇩🇿Algeria: -0.1% 🔴 🇲🇦Morocco: -2.38% 🔴 🇦🇴Angola: -0.65% 🔴 🇰🇪Kenya: -0.64% 🔴 🇨🇩DRC: +25.65% 🟢 🇪🇹Ethiopia: -13.5% 🔴 🇬🇭Ghana: +8.30% 🟢 🇨🇮Côte d'Ivoire:...
Warsh Faces New Task: Stop Rate Hikes, Not Cut Cuts
Also, we live in a different world from when Warsh was nominated. Will he still push for cuts coming into the job, or will his main challenge be to convince the FOMC *not to hike*?
XRP Meets Tier‑One Criteria, Adoption Determines BIS Designation
Tier one classification from the BIS requires demonstrated stability, global market volume, and proven utility at scale. XRP has a fixed supply, a blackholed origin account, and cannot be frozen or manipulated. As an educational comparison, gold carries asteroid mining...
Korea Targets 20%
Hike rates, support the won, limit inflation -- Korea is on track to run a 20% of GDP current account surplus (more if March numbers hold ... ) it can manage without a super weak won
MoF's Dollar Sales Cut Japan Debt, Not Just Spend Reserves
A reminder -- whenever the MoF sells dollar it bought for 80 yen for 155-160 yen, it books a massive profit and reduces Japan's gross debt significantly ... "spending reserves" is a common frame for intervention, but it misses something...
US Rates Rise, Greenback Gains as Economy Re‑accelerates
Week Ahead: Rising US Rates Underpin Greenback: The US economy appears to be re-accelerating here in Q2 after nearly grinding to a halt in Q1 (0.5% annualized pace). April US CPI and PPI were more elevated than expected. The anticipated...
Dollar Surges as Stocks, Bonds Slip After US‑China Summit
Greenback Breaks Higher, Stocks and Bonds Lower: The US dollar has extended its gains against most currencies today. What is seen as a successful US-China summit and a swing in expectations for Fed policy are aiding the greenback. The anticipated…...