Crédit Agricole Corporate and Investment Bank
June 10, 2026
USD Inflated Appeal
Daily UpdateFXRates Govt BondsEnergy
The report highlights the impact of Middle East geopolitical tensions on global risk sentiment and discusses the outlook for USD based on upcoming inflation data. It also covers Bank of Canada policy expectations and recent developments in G10 currencies like the CAD and NOK.
Key Takeaways
- 1.Geopolitical tensions between US and Iran are driving risk-off sentiment in global markets.
- 2.The USD outlook depends heavily on upcoming CPI and PPI data, with potential for upside inflation surprises to support USD rates.
- 3.The Bank of Canada is expected to maintain its policy rate at 2.25% amid economic uncertainty.
Table of Contents
- Asia overnight
- USD: inflated appeal
- CAD: BoC ticking over
- NOK: somewhat deflated at last
- Open trade recommendations
- Key events
- FX Research advanced tools
- Red Mount Analytics
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Authors
Valentin MarinovDavid ForresterAlexandre Dolci
Securities
ES1
Themes
Geopolitical Risk
Regions
Middle EastUnited StatesIranCanada