Stability relies on tighter BI policy – UOB

Stability relies on tighter BI policy – UOB

UOB’s Enrico Tanuwidjaja and Vincentius Ming Shen note that Indonesia’s FX reserves fell further in May as Bank Indonesia (BI) stepped up interventions to support the Rupiah, which has weakened sharply year-to-date. They expect FX reserves to stay under pressure as risk-off sentiment persists, with BI likely to keep tightening policy and using FX operations […]

Indian Rupee rebounds as oil prices tumble on US-Iran deal hopes

Indian Rupee rebounds as oil prices tumble on US-Iran deal hopes

The Indian Rupee (INR) recovers against the US Dollar (USD) at open on Tuesday after a sharp decline the previous day. The USD/INR pair drops to near 95.35 as oil prices extend their decline, following comments from United States (US) President Donald Trump that a deal with Iran could be finalized in two or three […]

Why is the British Pound struggling when the BoE is considering rate hikes?

Why is the British Pound struggling when the BoE is considering rate hikes?

The British Pound (GBP) is struggling as mounting political uncertainty and deteriorating economic indicators complicate the United Kingdom’s outlook. Ahead of the key Gross Domestic Product (GDP) April data to be released on Friday, financial markets are balancing the risk of an economic contraction against the probability of further interest rate hikes by the Bank […]