Indonesian Rupiah declines as MSCI’s warning triggers capital outflows

Indonesian Rupiah declines as MSCI’s warning triggers capital outflows

USD/IDR rebounds after registering modest losses in the previous trading day, hovering around 17,870 during the Asian hours on Monday. The Indonesian Rupiah (IDR) struggles against the US Dollar (USD) after Morgan Stanley Capital International’s (MSCI) warning directly triggers capital flight and complicates the central bank’s efforts to stabilize the currency. However, traders expect the […]

Australian Dollar holds gains against Japanese Yen following PBoC rate decision

Australian Dollar holds gains against Japanese Yen following PBoC rate decision

AUD/JPY gains ground after posting minor losses in the previous day, trading around 113.30 during the Asian hours on Monday. The currency cross holds ground as the Australian Dollar (AUD) remains stronger following China’s latest monetary policy update. On Monday, the People’s Bank of China (PBOC) opted to keep its benchmark one-year and five-year Loan […]

WTI rises nearly 2% on Strait of Hormuz closure, shaky peace talks

WTI rises nearly 2% on Strait of Hormuz closure, shaky peace talks

West Texas Intermediate (WTI) – the US oil benchmark – opened Monday’s Asian trading with an over $1 bullish gap, retesting the $78 mark, nearly up 2% in early dealings. The black gold is still up 1.15%, as of writing, holding above $77 as oil supply concerns resurface after Iran closed the Strait of Hormuz […]