Rate hike expectations support Rupiah – ING

Rate hike expectations support Rupiah – ING

ING economists Deepali Bhargava, Lynn Song and Min Joo Kang expect Bank Indonesia (BI) to shift toward a tighter stance at its upcoming meeting. They highlight recent Indonesian Rupiah weakness, ongoing FX intervention and wider rate differentials versus the United States. With currency stability still the main priority, they anticipate a 25 basis point policy […]

US Dollar Index climbs to five-week high as hawkish Fed bets gather pace

US Dollar Index climbs to five-week high as hawkish Fed bets gather pace

The US Dollar Index (DXY), which measures the Greenback against a basket of six major currencies, extends its rally on Friday, climbing to its highest level since April 8 as investors continue to favor the US Dollar (USD) amid hawkish Federal Reserve (Fed) expectations and persistent geopolitical uncertainty surrounding US-Iran negotiations. At the time of […]

Gold sinks 2% as Iran war fuels fresh inflation shock

Gold sinks 2% as Iran war fuels fresh inflation shock

Gold price retreats by over 2.30% on Friday amid fears that prolonged hostilities between the US and Iran could trigger a second wave of inflation, forcing central banks to hike interest rates. The XAU/USD trades at $4,551 after bottoming at around $4,511. XAU/USD slides as yields surge and Fed cuts vanish US Treasury yields are […]