The US dollar remains supported by rising energy prices and persistent Fed tightening expectations. Meanwhile, European gas supply concerns and potential Japanese FX intervention dominate the G10 landscape.
Key Takeaways
- 1.Rising energy prices and ongoing geopolitical tensions are driving demand for the US dollar.
- 2.Japanese authorities may intervene in the FX market this week to combat yen weakness.
- 3.European energy concerns and low natural gas inventories are weighing on the euro.
Table of Contents
- FX Daily: Energy and carry dominate near term
- USD: Higher energy keeps Fed tightening alive
- EUR: Natural gas story is worrying
- JPY: Intervention prospects this week
- CEE: Dovish NBP to weigh on zloty as koruna and forint stay supported
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Authors
Chris TurnerFrantisek TaborskyFrancesco Pesole
Securities
EURUSDUSDJPYUSDCHF
Themes
Energy price impact on FXFed tightening expectations
Regions
EuropeMiddle EastUnited StatesJapanPoland
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