FX & Interest Rates

FX & Interest Rates

How fast will we return to ‘normal’ interest rate levels over the next couple of years? What type of monetary policy will be pursued by the major central banks and when will interest rates start rising? We will closely monitor events in our two-weekly reports and offer you the most likely scenarios for interest rates in the US and Eurozone.

The interest rate markets still offer excellent opportunities to hedge your organisation against rising interest rates in the future. Please contact us if you are considering hedging your risks. Our consultants make the bank’s pricing transparent and assist you in concluding interest rate derivatives. This ensures you will not overpay interest.

EUR/USD - GBP - CHF - JPY

Vaccination catch-up could boost euro

Eddy Markus
Monday, 12 April 2021
Eddy Markus

Investors are having doubts about the Fed’s determination to stick to its new strategy of keeping monetary policy ultra-loose until actual inflation has convincingly surpassed the Fed’s inflation target, resulting in higher US rates and upward pressure on the dollar…

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Previous Issues

EUR/USD & GBP Hedging Perspective
Tuesday, 6 April 2021

FX Poll

Monthly FX Poll

Tom Valenkamp
Tuesday, 6 April 2021
Tom Valenkamp

The forecasts for the EURUSD have decreased a bit since last month. Median forecasts for Q2 have decreased, while other short term forecasts (Q3 & Q4) have remained stable. On the longer term (2022 -2024) median forecasts have decreased as well.

 

In Asia, for the EURJPY to be precise, forecasts have increased on the short term (Q2 – Q4) for both the median and mean. Medium term forecasts (2022) have remained stable, while long term forecasts (2023 -2024) have mostly increased. 

 

Going back to Europe, the forecasts for the EURGBP have been moving down for both the short and the long term. In Switzerland, the forecast for the EURCHF has increased for both the short and the long term.

 

Our Monthly FX Poll consists of more than just these four major currency pairs, so please find in our Monthly FX Poll an overview of the predictions of approximately 50 leading banks and brokers for the most commonly traded currency pairs (including the date for each party).
 

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Previous Issues

Monthly FX Poll
Wednesday, 3 March 2021
Monthly FX Poll
Thursday, 4 February 2021

EMU & US Interest Rates

Pause in the uptrend in long-term interest rates

Ron Markus
Monday, 22 March 2021
Ron Markus

It seems economists are tumbling over each other to raise the outlook for economic growth and inflation due to record amounts of fiscal stimulus, very easy monetary policy and potentially huge pent-up demand. Therefore, it might be surprising that we expect a further decline in long-term rates in the coming weeks to months.

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Swap Rates & More

Daily Market Snapshot

Tom Valenkamp
Tuesday, 13 April 2021
Tom Valenkamp

A convenient overview (Excel sheet) of the FX rates, swap rates, Money Market deposits, Futures, Euribor and Libor fixings, Stock market indices, etc. A snapshot of the markets before 9:30 hrs. CEST.

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Previous Issues

Daily Market Snapshot
Monday, 12 April 2021
Daily Market Snapshot
Friday, 9 April 2021