Global FX Strategy: Forward guidance – A FX mover?

Global Markets
EURUSD: Jackson Hole Meeting

GBP: Powder still left in the near term

The race of the unemployment rates – Will US or UK win the unemployment race? And the long-term implications for the Cable.

BRL: 4-year low

Scandi Focus
NOK: Too weak – Upside potential for the interest rate differential and downside potential for EURNOK.

SEK: Undervalued – The Riksbank holds the same view as Nordea – The SEK is undervalued.

Quant of the week

Fair Value Framework: Short EURUSD!

The framework is close to signalling a short EURUSD position (targeting 1.29), while it remains biased towards stronger commodity currencies versus the USD.

Read the full report: FX Strategy



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