Swiss Franc receives support as US Dollar weakens on easing risk aversion

Swiss Franc receives support as US Dollar weakens on easing risk aversion

USD/CHF extends its losses for the third consecutive day, trading around 0.8060 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) faces headwinds from declining safe-haven demand. Market sentiment shifted following reports that Iran and Oman have reached an agreement on a shipping route through the Strait of Hormuz, boosting […]

British pound holds steady as Iran hopes, Fed repricing undermine USD

British pound holds steady as Iran hopes, Fed repricing undermine USD

The GBP/USD pair is seen consolidating its gains recorded over the past two days and trading around the 1.3470 region during the Asian session on Thursday. Nevertheless, spot prices remain confined within Monday’s broader range as traders opt to wait for further developments surrounding the Middle East crisis before placing fresh directional bets. Iran’s Foreign […]

Repricing risk as policymakers resist weakness – DBS

Repricing risk as policymakers resist weakness – DBS

DBS Group Research economist Philip Wee argues that Asian currencies may face repricing risk as global policymakers increasingly resist competitive depreciation. He highlights US support for Japanese Yen stabilization as a signal to curb broader Asian currency weakness and notes European Union concerns over Chinese Yuan undervaluation. Wee concludes investors should focus more on Asian […]