Author: finadmin

Upside risks widen on fiscal concerns – MUFG

Upside risks widen on fiscal concerns – MUFG

Lloyd Chan at MUFG highlights that USD/IDR has broken to fresh highs, overshooting earlier expectations for near-term stabilization. The move is attributed more to domestic confidence and fiscal uncertainty than broad US Dollar (USD) strength. While upside risks have increased, MUFG also flags growing signs of Rupiah undervaluation and potential constraints from Bank Indonesia’s policy […]

Inflation shock risk from Hormuz blockade – MUFG

Inflation shock risk from Hormuz blockade – MUFG

MUFG’s Derek Halpenny argues that the ongoing United States (US) blockade in the Strait of Hormuz is building a significant inflation shock for the US and globally, with Oil and input costs surging. He notes that President Trump’s strategy of squeezing Iran’s energy revenues is time‑consuming and politically costly, and expects rising inflation and global […]

Higher path feeding BoC inflation forecasts – TD Securities

Higher path feeding BoC inflation forecasts – TD Securities

TD Securities strategists expect the Bank of Canada’s (BoC) April Monetary Policy Report (MPR) to embed significantly higher Oil assumptions, with Brent at USD 90 and West Texas Intermediate (WTI) at USD 85, versus a prior USD 55 WTI baseline. They see this driving a temporary rise in headline Consumer Price Index (CPI) toward 3% […]