Leadership change at BI sustains rupiah pressure – Commerzbank

Leadership change at BI sustains rupiah pressure – Commerzbank

Commerzbank’s Moses Lim argues that Bank Indonesia Governor Perry Warjiyo’s surprise resignation, following earlier high-profile departures, heightens concerns over policy continuity and institutional credibility as the Indonesian Rupiah (IDR) trades near historic lows versus the US Dollar (USD). Market focus now shifts to the choice of successor, with some candidates seen as reassuring and others […]

Political fragmentation clouds zloty outlook – Commerzbank

Political fragmentation clouds zloty outlook – Commerzbank

Commerzbank’s Tatha Ghose highlights that Poland’s Law and Justice party has split, with Mateusz Morawiecki forming Development Plus and polling above the Sejm threshold. While this could, in theory, reduce the risk of a dominant PiS government and lower the zloty’s political risk premium, competing scenarios of a fragmented, harder-to-manage right leave the overall Polish […]

New Zealand Dollar holds above 0.5750 on bullish USD, ahead of FOMC

New Zealand Dollar holds above 0.5750 on bullish USD, ahead of FOMC

The NZD/USD pair turns lower for the second consecutive day following a modest Asian session uptick to the 0.5785 region on Tuesday. Spot prices currently trade around the 0.5770-0.5765 area, just above last week’s swing low, as the US Dollar (USD) retains its bullish undertone amid geopolitical uncertainties. The US paused its bombing campaign against […]