US President Donald Trump increases pressure on allies over strait of Hormuz—FT

US President Donald Trump increases pressure on allies over strait of Hormuz—FT

US President Donald Trump warned that the North Atlantic Treaty Organization (NATO) faces a “very bad” future if US allies fail to assist in opening up the strait of Hormuz, the Financial Times reported on Monday. Trump further stated on Sunday that he has demanded about seven countries send warships to keep the Strait of Hormuz […]

US Dollar Index remains above 100.00 after pulling back from nearly 10-month highs

US Dollar Index remains above 100.00 after pulling back from nearly 10-month highs

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, retreats after touching a near 10-month high of 100.54 in the previous session, trading around 100.20 during Asian hours on Monday. The Greenback weakens as risk aversion eases after a report from The Guardian indicated that US […]

Upside risks with key resistance – OCBC

Upside risks with key resistance – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong highlight that USD/KRW has pushed toward 1,495, reflecting KRW’s high-beta nature during geopolitical stress and energy price spikes. With bullish momentum intact and RSI rising, risks are skewed to the upside, with resistance at 1,500 and 1,510 and support at 1,470, though policymakers’ reassurances and any conflict […]