Euro gains against British Pound amid rising UK leadership uncertainty

Euro gains against British Pound amid rising UK leadership uncertainty

EUR/GBP climbs to near one-month highs on Friday as rising political uncertainty in the United Kingdom (UK) pressures the British Pound (GBP). At the time of writing, the cross is trading around 0.8726, on track for weekly gains. Sterling came under renewed pressure as speculation surrounding a possible leadership challenge to UK Prime Minister Keir […]

Rate hike expectations support Rupiah – ING

Rate hike expectations support Rupiah – ING

ING economists Deepali Bhargava, Lynn Song and Min Joo Kang expect Bank Indonesia (BI) to shift toward a tighter stance at its upcoming meeting. They highlight recent Indonesian Rupiah weakness, ongoing FX intervention and wider rate differentials versus the United States. With currency stability still the main priority, they anticipate a 25 basis point policy […]

US Dollar Index climbs to five-week high as hawkish Fed bets gather pace

US Dollar Index climbs to five-week high as hawkish Fed bets gather pace

The US Dollar Index (DXY), which measures the Greenback against a basket of six major currencies, extends its rally on Friday, climbing to its highest level since April 8 as investors continue to favor the US Dollar (USD) amid hawkish Federal Reserve (Fed) expectations and persistent geopolitical uncertainty surrounding US-Iran negotiations. At the time of […]