Australian Dollar holds losses against Japanese Yen following China’s Trade Balance data

Australian Dollar holds losses against Japanese Yen following China’s Trade Balance data

AUD/JPY halts its three-day winning streak, trading around 111.30 during the Asian hours on Friday. The currency cross depreciates as the Australian Dollar (AUD) loses ground, driven by a surge in global safe-haven demand. Escalating tensions in the Strait of Hormuz have rattled market stability, sparking widespread skepticism over whether this vital shipping route will […]

Upside risk capped against US Dollar – UOB

Upside risk capped against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/SGD stayed broadly flat on Wednesday, trading between 1.2804 and 1.2825 and closing at 1.2810. Their Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) model suggests the basket will remain 1.5–2.0% above its mid-point, implying a 1.2756–1.2820 range. Near term, downside risk persists […]

Banxico keeps interest rates unchanged at 6.50% as expected

Banxico keeps interest rates unchanged at 6.50% as expected

The Bank of Mexico, also known as Banxico, held rates unchanged at 6.50% for the third consecutive meeting, unanimously as expected by most analysts, after ending its easing cycle in May. In the monetary policy statement, the Governing Board revealed that the balance of risks on inflation is tilted to the upside, and that  “Looking […]