Week Ahead: Currency Wars Vs Greece, Recovering Commodity FX

The Fed lift-off and Greece remain the two most important triggers of FX volatility. At the same time currency wars seem to dampen FX fluctuations. After a round of dovish central bank meetings in recent days, most notably the June FOMC gathering, FX markets seem to be entering a consolidation period that could dampen FX volatility...(Full story)

The Greek issue remains, however, and our expectations of a deal at this week’s Eurogroup meeting were proved premature. Importantly, the impasse is not causing market panic as investors seem to be willing to wait until 30 June when the extended bailout expires and the bundled IMF payments are due...(Full story)