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U.S. existing home sales rise above expectations in October

Reserve Bank of India likely to stand pat in December

Swiss franc likely to gradually depreciate against euro in coming months

United States building permits

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

Germany's unemployment exceeds expectations in September

Malaysian headline inflation falls further in October, likely to remain negative in 2020

Swedish economic sentiment indicator rises in November

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

Canada's economy shows growth in July, but growth stalled in

U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

Canadian inflation continues to ease, moving closer to the Bank of Canada's target

Australian private new capital expenditure likely fell further in Q3 2020 - ANZ

U.S. Consumer Confidence falls in September

U.S. durable goods orders sustain robust growth

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Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

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Core USD long remains intact

Thursday, August 6, 2015 5:04 AM UTC

Policy divergence and US growth outperformance are expected to underpin the dollar, even if downside risks in China are realized. EUR/USD forecasts are at 1.00 for year-end 2015.

"Year-end USD/JPY and GBP/USD forecasts remain at 125 and 1.49, respectively. In the dollar bloc, USD/CAD profile had been rose, now seeing it at 1.32 and 1.35for YE '15 and '16. In the Skandies, we raise EUR/NOK and EUR/SEK to 8.70 and 9.30 for YE '15 and 8.30 and 9.10 for YE '16", says RBC capital markets.

In Emerging Markets currencies, key Asia EM FX forecasts largely remain the same, calling for upside in USD-CNY. Around LatAm FX, there is higher forecast profiles for both USD-BRL and USD-MXN.

"The biggest risk to the USD view is weak US data that delays the Fed and better Eurozone data that prevents the ECB from taking the dovish turn", added RBC Capital Markets.

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Core USD long remains intact

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