Research
Research
This page is part of FX Bank Forecast — an aggregator that normalises bank research PDFs into a searchable forecast and commentary database. Explore the top desks below or jump straight to the consolidated /forecasts and /reports indexes.
We refresh bank research every 15 minutes through our pdf-intake worker. New trade ideas, currency views, and quarterly forecasts surface automatically across the relevant currency, pair, and firm pages.
Top bank desks we track
INR supported by RBI reserve accumulation slowing and improving portfolio flows. India's growth premium vs EM peers provides fundamental support, though low beta limits upside.
INR steady with RBI support. Low beta limits upside but provides defensive positioning. Targeting 86.50.
BNP Paribas forecasts EUR/USD at 1.21 by Q4 2026 (5.2% higher vs current 1.15). Consistent with the report's broader thesis: "Gradual USD depreciation in an Expansion regime; EUR and high-yield EM lead, Asia FX lags". Bullish stance on EUR
Citi forecasts USD/MXN at 19.2 by Q4 2026 (4.3% lower vs current 18.4). Consistent with the report's broader thesis: "Out-of-consensus bullish USD; cyclical re-acceleration drives a stronger dollar through H1, fading into year-end". Bearish
Commerzbank forecasts AUD/USD at 0.71 by Q4 2026 (7.6% higher vs current 0.66). Consistent with the report's broader thesis: "USD under pressure on excessive Fed cuts and Fed independence concerns; EUR overvalued but USD overvaluation great
INR supported by improving portfolio flows and RBI policy shift. India growth premium provides fundamental support. Targeting 85.00.
Bullish MXN on carry, nearshoring flows, and USMCA resolution expectations. Positioning is clean after 2025 washout. Banxico's measured easing pace preserves carry advantage. MXN 13% YTD gain not overextended vs EM peers.
Latest bank commentary
PBOC is expected to set the USD/CNY reference rate at 6.7735 – Reuters estimate
· investinglive-cb·The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under whic
Japan fin min Katayama said ready to respond to FX. Yen shrugs it off.
· investinglive-fx·Japanese Finance Minister Satsuki Katayama regular press conference. Said prepared to respond appropriately at any time as needed on FX "On foreign exchange, we will respond appropriately at any time when necessary," This article was written by Eamonn Sheridan at investinglive.co
Japan's real wages rise for fourth month, strengthening the BOJ rate-hike case
· investinglive-cb·Japan's real wages rose 1.9% year-on-year in April, a fourth consecutive gain, while household spending beat forecasts, boosting the case for a BOJ rate hike at its June 15-16 meeting. Summary: The following data were released by the Japanese government on June 5 Household spendi
Rates Spark: Heading into payrolls looking for something
ing· gmail-imap·https://think.ing.com/articles/rates-spark-us-payrolls/
Rates Spark: Heading into payrolls looking for something
ing· gmail-imap·https://think.ing.com/articles/rates-spark-us-payrolls/
Insight—Canada’s housing markets get busier in May
rbc· gmail-imap·RBC Royal Bank https://click.website.rbc.com/?qs=ABB7InYiOjEsImQiOjQ4OTd9AAQAAAAAAIjKGAB1TAXKLXbNMGHcGzBWysv-lIZNhyT7lX8Af5PPJHmkTJa8LPHZdM-F6YhaQkfJzk1IPBR2Q5c8AYk_Vlg1_rPbePleYyvUwQ View Online
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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.