Indonesian Rupiah hits historic lows as forex reserves plunge

Indonesian Rupiah hits historic lows as forex reserves plunge

USD/IDR extends its gains for the fifth successive day, trading around 18,200 after hitting an all-time high of 18,210 during the Asian hours on Monday. The pair appreciates as the Indonesian Rupiah (IDR) faces renewed pressure from growing fiscal anxieties, new commodity export policies, and skepticism surrounding Bank Indonesia’s (BI) operational autonomy. These domestic strains […]

Australian Dollar softens as Middle East tensions, stronger jobs report boost US Dollar

Australian Dollar softens as Middle East tensions, stronger jobs report boost US Dollar

The AUD/USD pair remains under selling pressure near 0.7035 during the early Asian session on Monday. The Australian Dollar (AUD) extends the decline against the US Dollar (USD) amid escalating tensions in the Middle East and stronger-than-expected US economic data.  Iran has fired multiple waves of missiles at northern Israel over the weekend. Iranian officials […]

Firm NEER with mild upside against US Dollar – OCBC

Firm NEER with mild upside against US Dollar – OCBC

OCBC’s FX Strategist Sim Moh Siong expects the Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) to trade 1.5–2% above midpoint, supported by de-dollarisation and safe-haven flows, even as reduced carry tempers its appeal. With Monetary Authority of Singapore (MAS) having tightened in April and further tightening possible later in 2026, Siong projects USD/SGD to […]