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When USD bull runs start slow

Current macro forces favor contrasting goods disinflation and asset inflationthat resemble the backdrop to the USD rally in the second half of the 1990s. Read more »

The Global Macro Pulse

In G10 FX, AUDUSD has been the main mover, falling 1% to 0.9285 in response to weaker than expected inflation. EURUSD and USDJPY are little changed at 1.3818 and 102.55. Read more »

The aussie is an underdog reborn. GBP could give back some gains

EUR/USD: From here, there is a faint near-term upside tilt, but a moveoutside 1.3825/1.3785 would give a better directional hint.Also outside 1.3865/1.3749 would lend a stronger sense ofdirection. Read more »

FX Daily

Today focus will be on global PMIs. We forecast euro manufacturing PMI todecline slightly after it peaked at 54.0 in January. Read more »

FI Eye-Opener: China not rebounding like it used to

German bond yields expectedly opened higher yesterday, but did not move that much during the day, and the 10-year yield ended the day up by around 2bp. Read more »

Daily Market Technicals

EUR/USD continues to find support ahead of $1.3779 with bears needing a close below to confirm a break of the 21-DMA and see focus shift to the $1.3673-1.3722 region where key moving averages and Read more »

UBS Morning Adviser

Is NZD going down the AUD route already with its China exposure?

Much has been made of the RBA’s China focus over the last few years. Read more »

AUD/USD Analysis

Aussie started today’s session at $0.9367 and spent the early hours of the session in a rather narrow $0.9361 to $0.9377 range. It continued to creep higher as Asian markets got underway, Read more »

EUR/USD Analysis

A quiet start for the pair after it opened at $1.3805 and following a $1.3789 to $1.3825 range in the US last night. The pair got an early lift to around $1.3809 as initial risk-on sentiment provided support for Read more »

USD/JPY Analysis

JPY opened at Y102.61 this morning while euro-yen started at Y141.66. Early morning action was subdued, with dollar-yen content to stay within a Y102.56 to Y102.65 range until the start of the Japanese stock market. Read more »

BOJ Kuroda: Japan on Track Toward 2% CPI, No Change to Outlook

A week before the Bank of Japan’s policy meeting, BOJ Governor Haruhiko Kuroda on Wednesday said in his parliamentary testimony that the economy is still on Read more »

CPI – QI 2014 – Initial Views

The headline QI CPI rose by 0.6%, a bit below market expectations (market and CBA: +0.8%). The biggest “surprises” inthe data, compared to our forecasts, Read more »