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Singapore Dollar: Downtrend targets 1.3000 against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a constructive stance on USD/SGD after five consecutive daily gains, noting overbought conditions but still expecting further upside. In the near term, th…

2 min read

US Treasury yields slide as Hormuz reopening eases inflation fears

US Treasury yields fell across the curve on Wednesday after the reopening of the Strait of Hormuz, which eased inflationary pressures and drove Oil prices lower. At the same time, the US Dollar Index (DXY), which measur…

3 min read

Forex Today: US Dollar surges as traders await PCE inflation data

The US Dollar Index (DXY) trades near 101.60 on Wednesday, at a one-year high as markets looked ahead to Thursday’s United States (US) Personal Consumption Expenditures Price Index (PCE), the Federal Reserve’s (Fed) pre…

3 min read

Thai Baht: Low yields drive THB underperformance – MUFG

Lloyd Chan at MUFG argues that Thai Baht (THB) weakness, despite lower Oil prices, reflects its low-yield profile and the Bank of Thailand’s (BoT) growth-focused stance, which limits tightening scope. Rising United Stat…

1 min read

Gold price breaks below $4,000 as US Dollar hits 13-month high

Gold (XAU/USD) price collapses by over 3% on Wednesday during the North American session amid broad US Dollar strength, despite US Treasury yields tumble on speculation that the reopening of the Strait of Hormuz could e…

4 min read

Hungary: Lower CPI supports NBH cuts – Standard Chartered

Standard Chartered’s Saabir Salad emphasizes that subdued inflation, aided by a strong Hungarian Forint (HUF) and government measures, has allowed the National Bank of Hungary (NBH) to turn more dovish. Salad cuts his 2…

1 min read

Malaysian Ringgit: Bearish near term against US Dollar – MUFG

MUFG’s Lloyd Chan notes that MYR has underperformed since the June FOMC as higher US yields and wider US-Malaysia rate differentials weigh on the currency. While the bank’s medium-term constructive view on the ringgit r…

1 min read

Trump accuses oil firms of price gouging at petrol pumps

US President Donald Trump has said he has ordered an investigation into major energy companies, accusing them of "gouging" customers by not cutting petrol prices after wholesale oil costs fell on global markets.

2 min read