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 […]

WTI consolidates near one-week low as traders eye US–Iran talks

WTI consolidates near one-week low as traders eye US–Iran talks

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – is seen consolidating the previous day’s heavy losses and trading around the $81.00 mark, just above a one-week high set during the Asian session on Tuesday. Traders now seem hesitant and opt to wait for further developments surrounding the Middle East crisis before […]

MAS tightening underpins Singapore Dollar – BBH

MAS tightening underpins Singapore Dollar – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad notes that USD/SGD is consolidating around 1.2900 after pulling back from near 1.3000, as the Monetary Authority of Singapore (MAS) unexpectedly tightened policy for a second consecutive meeting. MAS slightly increased the Singapore Dollar Nominal Effective Exchange Rate (S$NEER) slope while leaving band parameters unchanged, and Haddad sees scope […]