Fed’s Kashkari: Could support another 75 bps rate hike in July
Minneapolis Fed President Niel Kashkari said on Friday that he could support another 75 basis
GBP/USD fades Thursday rally and drops below 1.2200 post-Fed/BoE rate hikes
The GBP/USD will finish the week with losses close to 1%. Central bank divergence between
Fed Monetary Policy Report: GDP on track to rise moderately in Q2
In its semi-annual Monetary Policy Report, the US Federal Reserve said that the Gross Domestic
USD/CAD rallies to fresh YTD highs at around 1.3070s on broad USD strength
The Loonie sustains substantial weekly losses of 2.04%. An upbeat market mood and broad US
EUR/GBP: Support at 0.8530/11 to hold for a retest of key resistance at 0.8722/47 – Credit Suisse
EUR/GBP is set to hold support at 0.8530/11 for a retest and break above 0.8722/47.
USD/CHF: 0.9472/60 to serve as a floor to to maintain the 0.95-1.00 range – Credit Suisse
USD/CHF is approaching the bottom of the 0.95 to parity range. Analysts at Credit Suisse
Norges Bank: Key rate at 3% by the end of 2023 – Nordea
Economists at Nordea see both faster and more rate hikes from Norges Bank ahead. They
EUR/NOK to race higher towards the 10.8583 mark – Credit Suisse
EUR/NOK has risen significantly and trades comfortably above the 10.40 area. Economists at Credit Suisse
US: Industrial Production rises by 0.2% in May vs. 0.4% expected
Industrial Production in US grew at a softer pace than expected in May. US Dollar Index
USD/CAD retreats to 1.3000 on hawkish BOC bets, oil’s bounce, focus on Fed’s Powell, Canada inflation
USD/CAD pares recent gains at 19-month high, renews intraday low of late. Higher inflation expectations