Mexican Peso refreshes multi-month highs, Banxico minutes eyed
USD/MXN refreshed 24-month lows below 17.00 on Friday, but it has recovered some ground, with buyers stepping in and reclaiming the 17.00 level. Data from the United States (US) weighed on the Greenback, as consumer sentiment and Retail Sales deteriorated. The pair trades at 17.02, after bouncing off daily lows of 16.97. USD/MXN holds near […]
Consolidation near 1.28 with upside risks against US Dollar – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note USD/SGD is consolidating around 1.28 as softer United States (US) Producer Price Index (PPI) trims Federal Reserve (Fed) hike expectations but fails to trigger fresh US Dollar (USD) selling. While they still see downside risks over time, geopolitical tensions and the pair’s inability to break lower suggest […]
Range-bound near term, stronger in 2027 against Euro – Nordea
Nordea strategists see the Norwegian Krone (NOK) broadly stable over the next six months after July’s EUR/NOK decline, driven by higher Oil prices and Norges Bank’s increased NOK purchases. They stress two-sided risks tied to Middle East developments and Oil, but expect a somewhat stronger NOK in 2027 as a weaker US Dollar (USD) and […]
War-driven price effects and inflation – UBS
UBS economist Paul Donovan discusses how the Gulf war has lifted Oil prices and pushed consumer price inflation above target in major economies. He notes that Energy has a relatively small direct weight in US and EU consumer baskets, but its indirect impact via transport and production is significant. Donovan highlights the complexity of isolating […]
RBI support offsets wider trade gap – Societe Generale
Societe Generale notes India’s headline CPI rose slightly to 4.45% year-on-year in July, backing the RBI’s decision to keep policy unchanged. The central bank has reportedly been active in FX markets as the trade deficit widened. Higher Oil and Gold prices countered dovish Federal Reserve repricing, while non-resident inflows into Indian Government Bonds have helped […]
Why is the British Pound rising amid the Middle East tensions?
The GBP/USD pair gathers strength to near 1.3495 during the early European trading hours on Friday. The British Pound (GBP) edges higher against the US Dollar (USD) as cooler-than-expected US consumer and producer price data have limited the Federal Reserve’s (Fed) room for further interest rate hikes. Traders will keep an eye on the US […]
Latvia issues air threat alert, Finland restricts air and sea traffic
Latvian officials announced the activation of an air threat alert in the southeastern part of the country, near the border with Russia and Belarus, Reuters reported on Friday. It was also reported that fighter jets from the North Atlantic Treaty Organization’s (NATO) Baltic Air Policing mission were deployed. Meanwhile, Finland, which also shares a border […]
Steadies above 215.00 capped by 50-day SMA
The GBP/JPY remains directionless on Thursday as traders turn cautious about opening fresh directional bets amid intervention fears in the FX markets, which could strengthen the Yen, and after solid UK data. The cross-pair sits at around 215.00, down 0.02%. GBP/JPY Price Forecast: Technical Outlook GBP/JPY faced strong resistance at around the 50-day Simple Moving […]
Two-way trade with key levels watched against US Dollar – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note that USD/IDR has rebounded after a near 2% month-to-date pullback, with external factors such as elevated Oil prices and US rates remaining key drivers. They see policy continuity at BI and its focus on IDR stability as supportive for confidence, but stay slightly cautious near term, highlighting […]
New Zealand Dollar dips as softer inflation expectations cap RBNZ bets
NZD/USD trades around 0.5850 on Thursday at the time of writing, down 0.15% on the day. The New Zealand Dollar (NZD) remains under pressure following the release of softer inflation expectations in New Zealand, which cast doubt on the prospect of further monetary tightening by the Reserve Bank of New Zealand (RBNZ). However, weakness in […]
