Lombard Odier: maandelijkse update rond FX strategy

Beste journalist,

In bijlage licht Vasileios Gkionakis, Head FX Strategy van de Zwitserse private bank Lombard Odier, Lombard Odier's FX Strategy voor oktober toe. De Britse pond neemt uiteraard een prominente rol in. 

Key takeaways:

• We have trimmed our year-end EURUSD forecast, but as global activity stabilises and bottoms out the currency is likely to gain more traction and shrug off some of the external risks that were priced in.
• We stay neutral on CHF, forecasting EURCHF at 1.10 over the foreseeable future.
• Brexit developments and GBP undervaluation suggest upside sterling pressures over the next few quarters.
• USDJPY likely to consolidate in a range of 106-109.
• The US-China ceasefire supports our view of a stabilization in USDCNY around 7.10 for the time being

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Met vriendelijke groeten,

Katherine