Range trading persists with strong performance against US Dollar – Commerzbank

Range trading persists with strong performance against US Dollar – Commerzbank

Commerzbank’s Moses Lim highlights that USD/SGD fell 0.3% to 1.2910 on Dollar weakness, with the pair consolidating in a 1.29–1.30 range since mid-June. Singapore’s strong growth backdrop and benign inflation support the Singapore Dollar, which is the third-strongest Asian currency this year. The Monetary Authority of Singapore could consider tightening policy if inflation pressures rise. […]

Limited gains as Oil stays elevated – OCBC

Limited gains as Oil stays elevated – OCBC

OCBC’s Sim Moh Siong and Christopher Wong note that USD/THB fell after the post-US Consumer Price Index (CPI) decline in US Dollar (USD) but quickly retraced, signalling limited follow-through in Thai Baht gains. Elevated Oil prices, uneven tourism recovery and Bank of Thailand’s (BoT) tolerance for orderly Thai Baht (THB) weakness suggest some policy acceptance […]

WTI hovers near one-month highs as Hormuz supply risks remain in focus

WTI hovers near one-month highs as Hormuz supply risks remain in focus

West Texas Intermediate (WTI) crude Oil consolidates modest losses on Wednesday but stays close to a one-month high as escalating Middle East tensions keep supply risks around the Strait of Hormuz in focus. At the time of writing, WTI trades around $78.70, up roughly 10% so far this week. Traders also digest the latest US […]