Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Back

EUR/USD set to drop toward 0.95 into the winter months – Rabobank

EUR/USD is back above parity. Economists at Rabobank see risk that this move could be short-lived.

European Central Bank may be forced to slow the pace of its moves

“Structurally higher rates of inflation in the post pandemic period could suggest higher for longer US policy rates, which could mean that relative USD strength could persist for some time, even when it retreats from its highs. In addition to this, we see a strong risk that the EUR is not fully priced for the economic impact of Europe’s energy crisis.”

“Yesterday Germany’s IFO economic institute warned that Germany is headed into recession and forecast that its economy will contract by 0.6% in Q4. This raises the question of how long the ECB can sustain a policy of large rate hikes. A 75 bps move is expected later this week. Beyond that, it may be forced to slow the pace of its moves.” 

“We continue to see scope for EUR/USD to drop to 0.95 into the winter months.”

 

USD/CAD to bounce but not as much as expected if the BoC does pitch for 50 bps – MUFG

The Bank of Canada (BoC) meets today to decide on the size of the increase in the key policy rate. USD/CAD could bounce if the BoC delivers a 50 basis
Read more Previous

EUR/CAD could return to a 1.40-1.45 range on a break past 1.3825 – Scotiabank

EUR/CAD’s renaissance is gathering some momentum. In the opinion of economists at Scotiabank, the pair could return to the 1.40-1.45 range. EUR/CAD re
Read more Next