Deutsche Bank updates its G10 FX forecasts, adopting bullish stances on JPY, AUD, GBP, and NOK, while remaining neutral on EUR and SEK.
Key Takeaways
- 1.Deutsche Bank is bullish on JPY, viewing it as undervalued and supported by BoJ hawkishness and intervention against weakness.
- 2.The AUD is favoured due to its status as the highest carry currency in the G10 and a resilient domestic economy.
- 3.Neutrality is maintained on the EUR as energy shock vulnerabilities offset the benefits of a narrowing EU-US rate differential.
Table of Contents
- Latest G10 FX forecasts and views
- Appendix 1
- Analyst Certification
- Important Disclosures
- Additional Information
- International Production Locations
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Authors
Charlie HyamsShreyas Gopal
Securities
EURUSDUSDJPYAUDUSD
Themes
Energy Shock & Terms of TradeMonetary Policy DivergenceGeopolitical Conflict Impact
Regions
EuropeAsia PacificNorth AmericaUnited StatesJapanAustralia