Strong growth and flows support firm Ringgit – Commerzbank
Commerzbank’s Moses Lim notes that the Malaysian Ringgit is Asia’s best performer this year, supported by robust growth, FDI into data centres and tech supply chains, and firm exports. With inflation contained and Bank Negara Malaysia expected to keep rates unchanged, the bank sees USD/MYR holding around 3.85–3.90 in the near term as MYR strength […]
Weaker European outlook with LNG wave – Societe Generale
Societe Generale analysts Michael Haigh, Ben Hoff and Jeremy Sellem describe how Winter storm Fern briefly pushed US gas futures above $7/MMBtu before prices fell below $3/MMBtu as storage stayed near the ten‑year average. They argue that softer carbon prices and a large global LNG supply expansion point to lower European gas prices and a […]
EUR/USD holds steady, unfazed by weak Eurozone factory data
The Euro (EUR) remains practically flat against the US Dollar (USD) on Monday, trading near 1.1865 at the time of writing. Eurozone factory output data confirmed expectations of a significant decline in December, but the subdued trading activity is keeping the pair broadly unchanged. Industrial Production contracted 1.4% in the Eurozone in December, according to […]
RBNZ guidance to support richer NZD – BNY
BNY’s EMEA Macro Strategist Geoff Yu expects the Reserve Bank of New Zealand to hold rates at 2.25% (February 18) but acknowledges markets are increasingly pricing in tightening as inflation stays stubborn. The bank argues that confirming a shift in direction could help NZD valuations, especially as the currency is relatively underheld. RBNZ can use […]
