Continuing its downtrend after a July rebound.
Markets now price slightly more than 25bps cut for September.
View: Further USD weakness; EURUSD targeting 1.21 by year-end.
Focus on June trade data and Thursday’s flash PMIs.
Geopolitics (Ukraine/Russia) could add volatility.
View: EURUSD to recover, stable vs GBP and CHF; EURCHF bias 0.94–0.95 range.
Focus shifts to UK CPI next Wednesday.
Resistance at 1.38 unlikely to break sustainably until later this year.
View: GBP supported by attractive carry, but risks from fiscal issues make outlook cautious.
RBA cut 25bps to 3.6% in August, guidance largely unchanged.
Inflation pressures and wage growth remain elevated.
JPY
Local reports suggest BoJ facing pressure for hawkish shift.
View: BoJ could hike in December (not fully priced); prefer selling USDJPY upside for yield pickup.
This article was written by Arno V Venter at investinglive.com.Hence then, the article about ubs view across major fx for the week ahead was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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