FX

Exclusive Banxico preview: Wait and see
We expect Banxico to hold the overnight rate at 6.50% when it announces its decision on Thursday, September 24.

Exclusive USD/JPY - second order effects
There were a number of parts of Fed Chair Warsh’s opening statement yesterday that could easily be spoken by Governor Ueda following the BoJ policy meeting

Exclusive CHF - safe haven of funding currency?
Given that there is no perceived imminent risk of an SNB rate hike, the focus is changing to whether the CHF can step into the JPY’s shoes as a funding currency.

Exclusive EUR/USD - place you bets
The US is not the only country with fiscal issues.

Exclusive USD/JPY - shifting sands
Today USD/JPY tested the water below our previous 12-month forecast of 154.00.

Exclusive GBP - setting the tone
While EUR/GBP did reach the lows of the day around the time that Healey wrapped up his presentation, the currency pair has stayed within the range drawn last Friday.