Brandt's Biggest FX Bet Is Short EUR/JPY as Yen Strengthens
Peter Brandt's firm holds its largest futures and FX position in a short EUR/JPY trade as the yen gains on intervention and rate expectations.
The RBNZ raised its cash rate by 25bp to 2.75%, as widely expected.
The Reserve Bank of New Zealand lifted its official cash rate by 25 basis points to 2.75%, a move that had been broadly anticipated by markets. The previous level was 2.5%.
Further details and implications will be provided separately.
Background previews are available:
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Peter Brandt's firm holds its largest futures and FX position in a short EUR/JPY trade as the yen gains on intervention and rate expectations.
The PBOC is expected to announce its daily USD/CNY midpoint around 0115 GMT, with Reuters estimating it at 6.6758.
MUFG expects the ECB to hold next week and deliver two more hikes through Q1 2027. It sees EUR/USD at 1.12 by year-end.
Stock futures point to sharp losses, oil nears $100, and Treasury yields fall amid renewed Iran strike fears. Earnings beats fail to lift some shares.