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CIO Insights 1Q26

The Long Game

Market Updates

DM currencies looking past noise to policy divergence (

Monetary policy divergences themes in JPY and NZD

USD to end 2025 on a softer note

North Asian FX stabilization in holiday trading

NZD outlook re-rated higher

Many exchange rates are at pivotal levels ahead of the long Thanksgiving weekend

Turning defensive into Thanksgiving

Fed divisions, UK fiscal constraints, Japan’s stimulus, and Swiss intervention watch

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