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Crédit Agricole Corporate and Investment Bank Research Hub
Crédit Agricole CIB’s recent research highlights a strategic pivot in currency markets, where persistent inflation and geopolitical tensions have reinforced the USD’s status as a high-yielding safe haven. Analysts note that while fundamental data is increasingly driving FX sentiment, specific vulnerabilities persist for the AUD following a spike in unemployment to 4.5% and for the JPY due to ongoing fiscal sustainability concerns. In Asia, the research identifies a significant structural shift in Japan toward "Sanaenomics," which prioritizes strategic domestic investment and labor productivity over traditional fiscal consolidation measures. Emerging market analysis further underscores a divergence in central bank responses, with South Africa’s SARB expected to hike rates to 7.25% while Taiwan and Korea leverage the global AI growth cycle to upgrade GDP forecasts. Politically, the bank maintains a cautious outlook on France’s 2027 election, suggesting that while the Rassemblement National is gaining ground, historical precedents like the "Republican Front" create substantial uncertainty. Overall, the institution’s research direction emphasizes the intersection of macroeconomic fundamentals, evolving policy shifts in Japan, and global central bank responses to inflationary shocks.
32 reports available
Going Into Us Cpi And The Ecb Meeting
This report previews the US CPI data and the upcoming ECB meeting, expecting a mixed US inflation print and upward revisions to ECB forecasts. The firm maintains a cautious stance, preferring relative value inflation trades over directional ones.
GBP: The GDP Data Ahead of a Make-or-Break Week for the GBP
The report highlights risks to the GBP ahead of UK GDP data and potential political shifts. Meanwhile, USD/JPY's strength persists despite intervention concerns.
China Macro Data Preview Economic Divergence Deepens
The Chinese economy continues to experience deep divergence in May, characterized by strong AI/tech-driven exports and resilient industrial output set against weak domestic retail and property investment. Credit growth remains soft, reflecting poor domestic credit demand and slow government-led project spending.
Emerging Market Weekly Pulse
Risk-off sentiment driven by geopolitical volatility and US inflation concerns is negatively impacting EM assets. Analysts are shifting toward caution, revising rate and FX forecasts for countries like Indonesia and Turkey.
Investors' Resilient Risk Sentiment
The CACIB Risk Index indicates that investor sentiment remains remarkably resilient at near two-year lows. This persists despite rising geopolitical tensions and increased market speculation regarding potential US Federal Reserve rate hikes.
US May CPI: Little Sign Of Pass-Through In Core
The report provides an analysis of the May 2026 US CPI data, noting that core inflation surprised to the downside. It highlights a lack of significant pass-through from energy prices to core goods, suggesting the Fed will likely maintain its current policy stance.
USD Inflated Appeal
EUR: ECB to the Rescue
FX Daily
All reports
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Going Into Us Cpi And The Ecb Meeting
Crédit Agricole Corporate and Investment Bank · Jun 10, 2026
GBP: The GDP Data Ahead of a Make-or-Break Week for the GBP
Crédit Agricole Corporate and Investment Bank · Jun 12, 2026
China Macro Data Preview Economic Divergence Deepens
Crédit Agricole Corporate and Investment Bank · Jun 9, 2026
Emerging Market Weekly Pulse
Crédit Agricole Corporate and Investment Bank · Jun 11, 2026
Investors' Resilient Risk Sentiment
Crédit Agricole Corporate and Investment Bank · Jun 10, 2026
US May CPI: Little Sign Of Pass-Through In Core
Crédit Agricole Corporate and Investment Bank · Jun 11, 2026
USD Inflated Appeal
Crédit Agricole Corporate and Investment Bank · Jun 10, 2026
EUR: ECB to the Rescue
Crédit Agricole Corporate and Investment Bank · Jun 11, 2026
FX Daily
Crédit Agricole Corporate and Investment Bank · Jun 9, 2026
Closing Short EUR JPY Via A Put Spread
Crédit Agricole Corporate and Investment Bank · Jun 9, 2026
The ECB Is Right To Hike
Crédit Agricole Corporate and Investment Bank · Jun 11, 2026
The ECB Is Right To Hike
Crédit Agricole Corporate and Investment Bank · Jun 10, 2026
World Cup Dashboard
Crédit Agricole Corporate and Investment Bank · Jun 10, 2026
World Cup Dashboard
Crédit Agricole Corporate and Investment Bank · Jun 9, 2026
US CPI May 2026 Preview
Crédit Agricole Corporate and Investment Bank · Jun 8, 2026
USD Immune to Downside Surprises
Crédit Agricole Corporate and Investment Bank · Jun 5, 2026
May Employment Preview
Crédit Agricole Corporate and Investment Bank · Jun 5, 2026
AUD/NZD: The US-Iran Trade
Crédit Agricole Corporate and Investment Bank · May 29, 2026
Bouncing
Crédit Agricole Corporate and Investment Bank · May 28, 2026
ECB Focus
Crédit Agricole Corporate and Investment Bank · Jun 12, 2026
Interest Rates Daily
Crédit Agricole Corporate and Investment Bank · Jun 9, 2026
Japan Policy Theory and Macro Estimates for Japan's Growth Strategy
Crédit Agricole Corporate and Investment Bank · Jun 9, 2026
Japan Q&A Consumption Tax Cut Proposal
Crédit Agricole Corporate and Investment Bank · Jun 5, 2026
EUR Rates Forecast Update: Shock Management
Crédit Agricole Corporate and Investment Bank · May 29, 2026