Geopolitical headlines leave markets largely unimpressed and are not putting any dent in the primary market demand ...

'Choppy' is how we have described FX markets in our latest FX Talking.

The Bank of Korea kept policy rates at 2.5%, the same level since May 2025. Better growth conditions and increasing FX concerns appear to have led to a much sooner-than-expected shift to a neutral ...

We have a bold call for USD/CNY to fluctuate in the 6.85 to 7.25 range in 2026. If we're right, paying low Chinese rates ...

Discontent among EU beef, poultry, and sugar beet farmers has been mounting, given that the deal will increase competition ...

It was no surprise that the National Bank of Poland kept interest rates unchanged, with the reference rate at 4.00%. We ...

We're not looking for gains to be as spectacular as last year, but we do expect FX to outperform the forward curves.

We remain bearish on the dollar this year, but we suspect the next leg lower will not start until the second quarter ...

The People’s Bank of China’s fixings have now moved from supporting a stronger CNY towards pushing back against the pace of ...

Today’s attention turns to November PPI (core expected at 0.2% MoM) and retail sales, which should be relatively firm. A busy ...

High yields in Brazil and Mexico are insulating these left-wing currencies from US foreign policy in the region ...

We continue to expect inflation to end 2026 at 4.5% and the National Bank of Romania to start cutting rates at the May meeting Food and services inflation came in slightly lower than we had expected ...