Author: finadmin

External gaps seen manageable – BNY

External gaps seen manageable – BNY

BNY’s Geoff Yu highlights that higher energy prices and gas market stress have not yet pushed key ASEAN economies into unsustainable external deficits. Bank Indonesia (BI) focuses on defending the Indonesian Rupiah (IDR) and strengthening the balance of payments, while the region as a whole still runs a modest trade surplus. Yu argues reserves should […]

USMCA tensions raise trade risk – Rabobank

USMCA tensions raise trade risk – Rabobank

Rabobank’s Global Strategist Michael Every flags growing trade frictions between the United States (US) and Canada ahead of USMCA (United States–Mexico–Canada Agreement) talks. Every says Washington is demanding market-opening concessions, tax changes and expanded border enforcement, effectively shifting negotiations away from equality. Every warns Canada may need to rethink its global position and faces downside […]

Gold remains pressured by higher-for-longer interest rate outlook

Gold remains pressured by higher-for-longer interest rate outlook

Gold (XAU/USD) trades under pressure on Thursday as a firmer US Dollar (USD) and elevated Oil prices weigh on the precious metal, while uncertainty over stalled US-Iran talks keeps market sentiment cautious. Traders are also digesting mixed US economic data, with Jobless Claims rising above expectations and Purchasing Managers Index (PMI) figures pointing to resilient […]