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USD/CHF seen edging back down to 0.86 on a one-month view – Rabobank

Economists at Rabobank expect the USD to remain well supported against the Euro. However, the USD/CHF pair is seen lower at 0.86 on a one-month view.

ECB policy rates may have peaked

We see scope for the USD to remain well supported vs. the EUR on the back of fears that short term rates in the US are likely to be higher for longer. We also see risk that the Greenback could see some support from safe-haven flows. We also judge the market to be positioned too long for the EUR given the risk that ECB policy rates may have peaked. 

That said, given the injection of uncertainty over the US fiscal position we have revised up our forecast for the safe haven Franc and see scope for USD/CHF to edge back down to 0.86 on a one-month view.

 

Turkey Treasury Cash Balance up to 19.296B in July from previous -206.33B

Turkey Treasury Cash Balance up to 19.296B in July from previous -206.33B
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USD/JPY to move downward on higher 10-year JGB yields – CIBC

Japanese flows outward should ebb over time. Thus, economists at CIBC Capital Markets expect the USD/JPY pair to edge lower. 10-year JGB yields should
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