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USD/THB: Gradual downside bias projected – UOB
UOB economists Enrico Tanuwidjaja and Sathit Talaengsatya note that the Thai Baht’s rally paused in January as a sharp Gold correction disrupted retail Gold markets and generated two-way FX flows. The Bank of Thailand continues to smooth volatility and scrutinize Gold-linked FX.Fxstreet
Thu, Feb 19
PLN: Coalition split sustains political risk – Commerzbank
Commerzbank’s Tatha Ghose argues that recent fragmentation in Poland’s ruling coalition reinforces domestic political risk as a key drag on the Zloty. Despite assurances from Prime Minister Tusk about government stability and a “stable zloty,” the currency has underperformed peers.
Fxstreet
Thu, Feb 19
Fed’s Kashkari: Crypto is 'utterly useless'
Neel Kashkari, Federal Reserve (Fed) President of the Bank of Minneapolis, said that the labor market has remained pretty resilient and that he believes AI could boost productivity in the next five to ten years, according to Reuters on Thursday.Fxstreet
Thu, Feb 19
Eurozone PMIs: Cautious recovery signs – TD Securities
TD Securities’ Global Strategy Team looks for Eurozone PMIs to signal a cautious recovery in France and Germany. They see January’s weakness in French Services as overdone and expect a rebound, while German Manufacturing PMI is projected to edge higher, supported by defence procurement.Fxstreet
Thu, Feb 19
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