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USD/MXN: Downside risks for Peso after Banxico cut – Standard Chartered
Standard Chartered’s Dan Pan and Erwin He note that Banxico’s surprise 25 bps cut and guidance for another easing step have increased downside risks for the Mexican Peso (MXN). They highlight crowded MXN long positioning and a narrower carry advantage versus other EM high-yielders.
Fxstreet
Fri, Mar 27
FOREX-Japanese yen hits 160 per dollar, weakest since July 2024
By Laura MatthewsNEW YORK, March 27 (Reuters) - The U.S. dollar strengthened against the yen on Friday, hitting 160 yen for the first time since July 2024, when Japanese officials last intervened to prop up the currency.The dollar was last up 0.22% against the yen at 160. 15 per dollar, around level...Reuters
Fri, Mar 27
EUR/USD edges higher as Dollar takes breather after weekly surge
EUR/USD edges higher on Friday after early weakness, as the US Dollar (USD) pulls back from intraday highs, offering some support to the Euro (EUR). At the time of writing, the pair trades around 1.1545, recovering from a daily low at 1.1501.
Fxstreet
Fri, Mar 27
FOREX-Dollar rides safe-haven demand, set for best month since July
Dollar on track for strongest monthly gain in almost a yearUS consumer sentiment hits three-month lowWar fears linger as Trump extends Iran energy strike pause By Laura Matthews and Amanda Cooper NEW YORK/LONDON, March 27 (Reuters) - The dollar headed for its strongest monthly gain in almost a ye...Reuters
Fri, Mar 27
EUR/USD: Soft tone but 1.14 base holds – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report EUR/USD has slipped slightly below yesterday’s low as Dollar strength persists. ECB data show moderating inflation expectations, while President Lagarde signaled caution on rate moves given energy-price risks.Fxstreet
Fri, Mar 27
GBP/JPY steadies as intervention fears bolster Yen after weak UK data
GBP/JPY trades flat on Friday after slipping earlier in the European session, as the Japanese Yen (JPY) strengthened amid rising intervention fears. The move comes as USD/JPY trades within striking distance of the 160.00 level, a key zone that previously prompted action from Japanese authorities.
Fxstreet
Fri, Mar 27
Pound heads for biggest monthly loss against the safe-haven dollar since October
By Amanda Cooper LONDON, March 27 (Reuters) - The pound fell for a fourth day on Friday, as it headed for its weakest monthly performance against the dollar since October, as fears of a global energy shock from the Middle East war have driven investors into the U.S. currency as a safe haven.Sterl...Reuters
Fri, Mar 27
EUR/USD: Vulnerable as risks tighten – ING
ING’s Chris Turner argues that EUR/USD remains under pressure as investors position for further Middle East escalation and tighter global financial conditions. He notes that Sovereign Wealth Fund retrenchment and hawkish European Central Bank pricing weigh on the pair.Fxstreet
Fri, Mar 27
Brazil's February external gap narrows on trade gains
BRASILIA, March 27 (Reuters) - Brazil's current account deficit totaled $5.6 billion in February, central bank data showed on Friday, slightly wider than the $5.4 billion shortfall expected by economists in a Reuters poll.BY THE NUMBERSThe shortfall was sharply narrower than the $10.2 billion re...Reuters
Fri, Mar 27
FOREX-Dollar cashes in on safe-haven demand, set for best month since July
Dollar holds near highs on safe-haven demandWar fears linger as Trump extends Iran energy strike pause Risk-sensitive Aussie and Kiwi dollars at two-month lowsBy Amanda Cooper LONDON, March 27 (Reuters) - The dollar headed for its strongest monthly gain in almost a year on Friday, driven by inves...Reuters
Fri, Mar 27
Brazil's current account deficit reaches $5.6 billion in February
BRASILIA, March 27 (Reuters) - Brazil's current account deficit reached $5.6 billion in February, central bank data showed on Friday, while economists in a Reuters poll had expected it to come in at $5.4 billion. Foreign direct investment (FDI) for the month stood at $6.8 billion, below the $7.6...Reuters
Fri, Mar 27
CEE MARKETS-Zloty falls for fourth day as uncertainty of Middle East conflict drags FX
WARSAW, March 27 (Reuters) - Poland's zloty fell for a fourth straight day and Hungary's forint retreated further from a two-week high on Friday, as central European currencies slipped, with volatility stemming from Middle East tensions continued to weigh on risk appetite.Investors sought sa...Reuters
Fri, Mar 27
