Supportive domestic backdrop, capped gains – Commerzbank

Supportive domestic backdrop, capped gains – Commerzbank

Commerzbank’s FX analysts, including Charlie Lay and Moses Lim, note that USD/IDR slipped slightly but stayed below the key 18,000 level as softer global Oil prices and stronger Indonesia Q2 GDP supported the Rupiah. They highlight that clearer Bank Indonesia leadership and confidence in BI’s independence should aid IDR over the coming weeks, though several […]

US Treasury yields drop on soft NFP, Hormuz hopes ease Fed risks

US Treasury yields drop on soft NFP, Hormuz hopes ease Fed risks

US Treasury yields drop across the curve on Friday amid growing speculation that the Iran-Oman deal is about to be sealed, which has so far pushed energy prices lower, while investors also digest a weak Nonfarm Payrolls report in the US. Yields slide across the curve as Oil declines, payrolls disappoint and traders price out […]

US inflation takes center stage next week

US Treasury yields drop on soft NFP, Hormuz hopes ease Fed risks

The US Dollar Index (DXY) fell below the 100.00 region after sinking through Friday’s session. July Nonfarm Payrolls (NFP) showed the US economy shedding 23K jobs against forecasts of an 80K gain, with June revised down to 20K, and Average Hourly Earnings slowing to 3.2% on the year. Markets that had spent late July pricing […]