Steady Pace of Ruble Depreciation Predicted by Commerzbank: Unravel the Implications Now!
Russian Ruble Depreciation: A Medium-Term Forecast In the ever-rotating wheel of global economy, the value and relative strength of a currency is always subject to change. Today, we delve into the projected trajectory of the Russian Ruble, and why it is likely to see depreciation in the medium-term. From a recent study conducted by economists […]
Commerzbank Predicts Major Krona Appreciation in a Year: Investment Boom Expected!
The team of economists at Commerzbank anticipates that the Swedish Krona may not experience significant upward potential until the year comes to an end. This is despite the Riksbank, Sweden’s central bank, having recently increased the key interest rate. The Existing Economic Scenario In evaluating the current state of the Swedish economy, Commerzbank economists have […]
Ruble Set for Medium-Term Fall Amid Shrinking Surplus, Predicts Commerzbank!
Revised USD/RUB Forecast Path by Commerzbank Economists Share this Article: The currency exchange rate of the US Dollar (USD) to the Russian Ruble (RUB) has been a topic of keen interest to global economists and investors. It has been largely impacted by dynamic factors such as economic sanctions, global financial markets, and political events. In […]
As Default Risk Rises, Expect Sentiment Shift, Warns Commerzbank – Stay Alert!
Negotiations to prevent the US from defaulting on its debt have been postponed to next week. While this issue is not currently a concern for the foreign exchange (FX) markets, sentiment could change at any moment as the likelihood of default gets closer. Economists at Commerzbank stated that the USD reaction to a hypothetical US […]
“EUR/PLN Skyrockets Towards 4.75, Commerzbank Predicts Huge Gains!”
Economists at Commerzbank have recently revised their EUR/PLN forecast path, albeit only slightly lower. They predict that the Euro will remain strong through 2023 but weaken once again during 2024. With the Zloty’s high-beta relationship to the Euro, they see the EUR/PLN rising towards 4.75 as inflation in Poland will likely remain stubbornly above target. […]
“Ruble’s Dim Future – Will Medium-Term Weakening be Fueled by Shrinking Surplus? Commerzbank Explains!”
Commerzbank economists predict that the USD/RUB pair will reach 80 by the end of the year and 90 by December 2024, as Russia’s capital account closure for major hard currencies leads to depreciation. The exchange rate only reflects daily trade flows, most of which is energy trade, rather than its forward-looking role based on expectations […]
“Low Downside Risk for Peso: Mexican Inflation Data Reveals Promising Outlook, Says Commerzbank”
Rewrite and expand this content to 900 words Share: Today’s Mexican inflation data for April is unlikely to have a negative impact on the Peso, economists at Commerzbank report. MXN depreciation risks likely limited “We see little downside risk for the MXN after today’s data, as any negative surprise on inflation should be […]