Australia’s Trade Surplus narrows to 2,631M MoM in January
Australia’s Trade Surplus narrowed to 2,631M MoM in January versus 3,373M in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday. The market consensus was for 3,900M. Further details reveal that Australia’s Exports declined by 0.9% MoM in January from a rise of 0.9% seen a month earlier (revised from […]
Safe haven support and BoJ path – Rabobank
Rabobank’s Senior FX Strategist Jane Foley discusses USD/JPY backing off highs near 158 as profit taking and hawkish comments from BoJ Governor Ueda support the Japanese Yen. The bank highlights Japan’s vulnerability to higher energy prices but stresses the Yen’s safe haven role. Foley forecasts USD/JPY moving back to 145 on a one-year horizon, assuming […]
Dovish NBP path to weigh on zloty – Commerzbank
Commerzbank’s Tatha Ghose expects Poland’s NBP to deliver a 25 bps rate cut today, with slower-than-anticipated inflation justifying easing. While some MPC members urge caution, he sees the committee leaning toward a 3.25% terminal rate, a dovish trajectory that should keep the Zloty underperforming peers until after the next general election. March cut seen as […]
Caution near 100 as rally looks stretched – DBS
DBS analyst Philip Wee argues that the recent surge in the Dollar Index (DXY) toward the 100 level looks overstretched after a 2% jump in two sessions. He notes strong technical resistance around 100 and highlights that the DXY has largely respected a 96–100.4 range since mid‑2025, despite multiple geopolitical and policy shocks. Dollar Index […]
US Dollar Index rises above 99.00 as Middle East tensions drive inflation fears
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, extends gains for the third consecutive day, trading around 99.20 during the Asian hours on Wednesday. Attention now turns to the US ISM Services Purchasing Managers’ Index (PMI), due later in the day. The Greenback advances on […]
WTI jumps to near $74.50 on Middle East conflict, Strait of Hormuz closure threatens oil supply
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $74.50 during the early Asian trading hours on Wednesday. The WTI jumps to its highest since June 2025 as a widening conflict between the US, Israel, and Iran severely disrupts global energy supplies. Israeli and US forces pounded targets across Iran on Tuesday, prompting Iranian […]
Temporary surge, oil risks – UOB
UOB economists Enrico Tanuwidjaja and Vincentius Ming Shen note Indonesia’s February CPI jumped to 4.76% year-on-year, above Bank Indonesia’s target, driven by base effects from electricity tariffs, higher Gold prices and food ahead of Ramadan. They expect inflation to normalize as base effects fade, but highlight food and Brent Oil as upside risks, with 2026 […]
DXY rallies toward 100.00 as Iran conflict drives safe-haven flows
The DXY jumped about 0.55% on Tuesday, rallying to around 99.09 and extending Monday’s sharp move higher. The index has broken decisively out of the 97.00 to 98.50 consolidation range that held through most of February, with Monday’s strong bullish candle marking the biggest single-session gain in weeks. The escalating conflict in the Middle East […]
Conflict risks pressure Rupee – DBS
DBS Group Research economist Radhika Rao highlights India’s heavy reliance on imported energy and expects INR to stay under pressure. She notes their calculations show that every $10bbl move in oil prices can raise the current account deficit by 0.35% of GDP, with the impact on inflation (20-30bps) contingent on the extent of pass through […]
Disruption risks and tight prompt market – ING
ING’s Warren Patterson and Ewa Manthey note Brent rallied sharply after Middle East tensions, with the benchmark settling higher but off intraday peaks as traders reassessed disruption risks. They highlight concerns over flows through the Strait of Hormuz, potential attacks on regional energy infrastructure, and pronounced tightness in the prompt market reflected in widening Brent […]
