Choppy range outlook against US Dollar – Rabobank

Choppy range outlook against US Dollar – Rabobank

Rabobank’s Senior FX Strategist Jane Foley notes that EUR/USD recently fell below its prior 1‑month forecast of 1.15, prompting a reassessment of projections. RaboResearch has shifted its 1‑ to 12‑month forecast table moderately in favour of the Dollar but says its broader view is largely unchanged and expects EUR/USD to trade in choppy ranges around […]

Intervention risks shape Dollar pullback – MUFG

Intervention risks shape Dollar pullback – MUFG

MUFG’s Teppei Ino reviews recent USD/JPY price action, noting the pair opened near 161.78 and briefly tested the 162.84 area before reversing. The report highlights Dollar weakness after comments from Fed Chair Kevin Warsh and a softer US employment report. Despite broad Dollar selling against G10 currencies, the Yen remained relatively weak within this environment. […]

Bulls extend gains on PMI resilience – Societe Generale

Bulls extend gains on PMI resilience – Societe Generale

Societe Generale notes that stronger-than-expected China PMI data suggest slow but steady growth, reducing urgency for the PBoC to ease policy. The bank highlights that USD/CNY has fallen back below its 50-day moving average as Yuan strength reflects robust exports supported by the global AI boom. The report also points to a higher trade-weighted CEFTS […]