Brazil’s real may be set for a “slow depreciation” as the nation’s presidential election enters a runoff, though “robust” inflows of funds are likely to spur a rebound, according to Credit Agricole CIB.
The dollar will rise past 100 yen “very soon” as Japanese demand for U.S. debt revives, Credit Agricole SA, France’s third-largest bank, wrote in a report yesterday.
The ties with China that helped make South Korea’s won a haven among emerging Asian currencies last year are turning it into a loser in 2014.
Malaysia’s ringgit led a surge in Asian currencies, climbing the most since the 1998 regional financial crisis, after the Federal Reserve unexpectedly refrained from cutting monetary stimulus.
The pound is turning into the must- have currency for investors seeking to get in on the world’s biggest government-bond rally.
"While softer inflation is widely expected, it will nonetheless highlight how far inflation is from the ECB's 2 percent target, indicating that a lot more work has to be done by the central bank."
- Mitul Kotecha on Aug 29, 2014
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