Downside risks for Peso after Banxico cut – Standard Chartered

Downside risks for Peso after Banxico cut – Standard Chartered

Standard Chartered’s Dan Pan and Erwin He note that Banxico’s surprise 25 bps cut and guidance for another easing step have increased downside risks for the Mexican Peso (MXN). They highlight crowded MXN long positioning and a narrower carry advantage versus other EM high-yielders. The bank now sees short MXN positions as increasingly attractive given […]

Oil shock, inflation risks and BSP path – ING

Oil shock, inflation risks and BSP path – ING

ING’s Deepali Bhargava warns that higher Oil prices and supply disruptions are worsening growth, inflation and external balances in the Philippines. The report highlights rising odds of a Bangko Sentral ng Pilipinas (BSP) rate hike as inflation breaches target, but stresses that tighter policy alone is unlikely to change the Philippine Peso’s trajectory against the […]

NZD/USD falls fourth day as Middle East war, weak NZ data weigh

NZD/USD falls fourth day as Middle East war, weak NZ data weigh

NZD/USD falls for the fourth consecutive day and trades around 0.5750 on Friday, down 0.17% at the time of writing, pressured by renewed risk aversion and the resilience of the US Dollar (USD). The New Zealand Dollar (NZD) faces headwinds from a tense global backdrop marked by escalating geopolitical risks in the Middle East. US […]