Will closely watch jobs data for growing signs of stress

Will closely watch jobs data for growing signs of stress

Christopher Waller, a member of the Federal Reserve (Fed), speaks about the economic outlook and monetary policy at Auburn University in Alabama on Friday. He stated that the break-even rate for the job market is currently likely around zero. Key quotes: As the longer Middle East war remains unresolved, inflation and job risks increase. Job […]

Targeted easing over broad cuts – DBS

Targeted easing over broad cuts – DBS

DBS Group Research expects the People’s Bank of China (PBoC) to keep the 1-year Loan Prime Rate at 3.00% as Chinese growth has firmed and price dynamics improved. The report notes external demand is supporting industrial activity while domestic momentum is uneven. Analysts see limited urgency for broad-based easing, with policymakers likely to stick to […]

USD/JPY slides as Iran reopens Hormuz, WTI plunges and USD weakens

USD/JPY slides as Iran reopens Hormuz, WTI plunges and USD weakens

USD/JPY edges lower on Friday as the Japanese Yen (JPY) strengthens against a softer US Dollar (USD), with easing Oil prices providing additional support, given Japan’s heavy reliance on imported energy. At the time of writing, the pair is trading around 158.18, down 0.61% on the day. Despite the decline, the pair remains largely range-bound […]

Hormuz uncertainty keeps markets on edge as USD softens

Hormuz uncertainty keeps markets on edge as USD softens

The US Dollar Index (DXY) is losing momentum near 98.00 as safe-haven demand fades on the reopening news, but downside remains limited amid lingering geopolitical risks. Markets are experiencing fluctuations between relief and renewed caution as developments around the Strait of Hormuz continue to evolve. Earlier reports confirmed that this vital Oil chokepoint is “fully […]