BofA anticipates rise in USD/CNY, bearish on Asian currencies
Bank of America (BofA) forecasted that the USD/CNY exchange rate is expected to increase, projecting a rise to 7.35 by the second quarter of 2024 and reaching a peak of 7.45 by the...
Bank of America (BofA) forecasted that the USD/CNY exchange rate is expected to increase, projecting a rise to 7.35 by the second quarter of 2024 and reaching a peak of 7.45 by the...
UBS adjusted its forecast for the USD/JPY currency pair, citing the strength of the US dollar as a key factor. The firm increased its quarter-end predictions for the pair to...
UBS revised its forecast for the USD/PLN currency pair, citing recent changes in the Federal Reserve's interest rate outlook and escalating tensions in the Middle East. The Swiss...
Bank of America reported a bullish sentiment toward the US dollar among investors following a series of meetings. The bank noted that the combination of Federal Reserve repricing...
On Tuesday, Bank of America (BoA) highlighted the possibility of foreign exchange (FX) intervention by Japan's Ministry of Finance (MoF) as the USD/JPY currency pair approaches the...
On Tuesday, Bank of America (BofA) analysts suggested that there might be a limit to how much the U.S. dollar (USD) can appreciate against the Canadian dollar (CAD), despite recent...
- The U.S. dollar steadied in early European trading Tuesday, while a bounce in European services activity data in April helped the euro. At 05:25 ET (09:25 GMT), the...
-- Most Asian currencies moved little on Tuesday even as easing safe haven demand saw the dollar weaken slightly, although anticipation of more cues on the U.S....
Citi FX analysts highlighted a dovish shift in the Bank of England's (BoE) recent remarks, which has led to a weaker British Pound (GBP) at the start of the week. The comments from...
- The U.S. dollar has been one of the success stories of the year so far, and Goldman Sachs has updated its forecasts, leaning into the direction of the greenback...