Oil shock and dovish BoT keep THB pressured against US Dollar – OCBC

Oil shock and dovish BoT keep THB pressured against US Dollar – OCBC

OCBC’s Sim Moh Siong and Christopher Wong note that the Thai Baht (THB) is trading near its weakest level in more than a year against the US Dollar (USD), as volatile oil prices, a firmer USD and higher US yields weigh on the currency. They highlight the Bank of Thailand’s (BoT) accommodative stance and tolerance […]

Kiwi tests 0.5800 as bullish momentum fades

Kiwi tests 0.5800 as bullish momentum fades

The New Zealand Dollar gains over 0.30% against the US Dollar on Friday. The pair is poised to test key resistance levels with the 50-day Simple Moving Average (SMA) at 0.5793, slightly below the 0.5800 figure. At the time of writing, the NZD/USD trades at 0.5789, after bouncing off daily lows of 0.5767. NZD/USD Price […]

Fed, BoE and BoJ decisions take center stage

Fed, BoE and BoJ decisions take center stage

The upcoming week will be dominated by monetary policy decisions from the Federal Reserve (Fed), Bank of England (BoE) and Bank of Japan (BoJ). United States (US) Gross Domestic Product (GDP) and Personal Consumption Expenditures (PCE) inflation, Australian inflation and preliminary Eurozone growth and inflation figures will also attract significant attention. The US Dollar Index […]

Strong GDP and inflows support Won – Commerzbank

Strong GDP and inflows support Won – Commerzbank

Commerzbank reports that South Korea’s advance Q2 GDP rose 0.6% quarter-on-quarter and 3.7% year-on-year, beating expectations. Robust AI-related semiconductor demand and resilient domestic spending underpin growth. The strong data support prospects of a further 25bp Bank of Korea hike in August. USD/KRW fell to 1,475, with the Won aided by portfolio inflows into bonds and […]