Makro Haberleri

Commerzbank’s FX team highlights that CNY is the only Asian currency stronger against the Dollar since late February, helped by robust exports and policy support.

TD Securities strategists Oscar Munoz and Eli Nir project output growth gradually slowing to potential by late 2026 as Iran-related stagflationary risks keep the Federal Reserve (Fed) cautious.

The US Dollar Index (DXY) is trading cautiously near the 98.50 level as markets prepare for a busy week of central bank meetings.

Rabobank’s Senior FX Strategist Jane Foley notes that earlier market surveys showed a strong chance of a Bank of Japan (BoJ) rate hike this week, but Governor Ueda’s lack of clear hints at IMF/World Bank meetings shifted expectations to June.

Dow Jones Industrial Average (DJIA) futures trade around 0.4% lower on Monday, slipping to near 49,100 after dipping briefly below 49,050 earlier in the session.

MUFG’s FX team highlights that Bank of Japan (BoJ) rate-hike expectations for April have collapsed, even as Japanese inflation data surprise to the upside.

Standard Chartered strategists Christopher Graham and John Davies expect the European Central Bank (ECB) to keep the deposit rate at 2.00% on 30 April, citing a wait‑for‑data stance as the Middle East conflict evolves.

MUFG analysts note that EUR/GBP has drifted lower within a 0.8600–0.8800 range as the Pound (GBP) outperforms the Euro (EUR). The euro-zone faces weaker PMIs and rising stagflation risks, while stronger United Kingdom (UK) data and sticky inflation have markets pricing more BoE tightening.

Rabobank strategists reiterate its view that the Federal Reserve (Fed) is likely to cut rates again this year, even as United States (US) Treasury yields edge higher on persistent inflation concerns.