A real quick post on Standard Chartered revisions to forex projections to year end.
Expect some sort of deal (the bank describes it a ‘cold deal’ with wariness persisting on both sides) between the US and China in the third quarter. This will halt tariff escalations.
See USD weakness from late Q3 (were expecting it sooner)
- EUR/USD end-2019 forecast of 1.15, the bank had been at 1.18.
- USD/JPY 108 at end-2019 (from their prior forecast of 105)