Range holds as Malaysia outperforms – Commerzbank

Range holds as Malaysia outperforms – Commerzbank

Commerzbank strategists note that USD/MYR has remained in a 3.90–4.05 range since the Middle East conflict began. Malaysia’s March industrial production grew 3.1% year-on-year, supported by strong manufacturing and electronics despite weaker mining. They highlight that MYR is the best-performing Asian currency this year, helped by Malaysia’s net energy exporter status. Stable range with MYR […]

Gold price sinks as hot CPI, Oil surge crush Fed cut bets

Gold price sinks as hot CPI, Oil surge crush Fed cut bets

Gold (XAU/USD) price falls more than 1% on Tuesday as US inflation came in hotter than expected, prompting investors to price out Federal Reserve (Fed) rate cuts in 2026. The XAU/USD pair trades at $4,678 after reaching a daily high of $4,773. XAU/USD slides as hot CPI lifts Dollar, yields and Fed hike bets The […]

Australian Dollar drops as hot US CPI strengthens Fed higher-for-longer outlook

Australian Dollar drops as hot US CPI strengthens Fed higher-for-longer outlook

The AUD/USD pair fell toward the 0.7220 region on Tuesday after hotter-than-expected United States (US) inflation data boosted the US Dollar (USD) and reinforced expectations that the Federal Reserve (Fed) may keep interest rates elevated for longer. The latest US Consumer Price Index (CPI) report showed headline inflation accelerated to 3.8% YoY in April, surpassing […]