United States Dollar Index holds gains near 101.50 on revival of hawkish Fed bets
The US Dollar (USD) clings to the previous day’s gains in the Asian session on Friday, as surging oil prices due to intensified Middle East energy supply risks have revived Federal Reserve (Fed) interest rate hike expectations. At press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades […]
US President Donald Trump imposes new tariffs on dozens of trade partners
The United States (US) will impose new tariffs of between 10% and 12.5% on imports from most major trading partners, its biggest move yet to reconstruct US President Donald Trump’s tariff wall that was pierced by the Supreme Court, Bloomberg reported on Thursday. The duties target key economic partners, including the United Kingdom (UK), China, […]
BI may still need to tighten – MUFG
MUFG’s Lloyd Chan reports that Bank Indonesia kept its policy rate at 5.75%, surprising expectations for a hike, as recent Rupiah stabilization allowed policymakers to stay on hold. Governor Perry Warjiyo favors targeted inflow-support measures over higher rates, but MUFG still expects further BI tightening due to elevated US Treasury yields and global uncertainties. BI […]
Swiss Franc hits 13-month low as rising Oil prices boost Fed rate hike bets
USD/CHF climbs to its highest level since June 2025 on Thursday, supported by a broadly stronger US Dollar (USD) as the expanding war in the Middle East pushes Oil prices higher and strengthens Federal Reserve (Fed) rate hike expectations. At the time of writing, the pair trades around 0.8170, extending gains for the fourth straight […]
Japanese Yen falls near multi decade low
USD/JPY trades above163.90 on Thursday as the US Dollar (USD) strengthens following significantly better-than-expected United States (US) labor market data. US Initial Jobless Claims fell to 187K in the week ending July 18, well below market expectations of 212K and the previous revised reading of 209K. The result marked the lowest level since 1969, suggesting […]
Gradual appreciation path after extended weakness – Commerzbank
Commerzbank’s Volkmar Baur notes that the Japanese Yen remains historically weak, with USD/JPY above 162 and EUR/JPY near 186, but still forecasts gradual appreciation over the coming quarters. The bank has revised its projections to a slightly weaker JPY near term, yet expects USD/JPY to fall toward 145 and EUR/JPY toward 175 by end-2027 as […]
September hike risk builds – ING
ING’s Michiel Tukker expects the European Central Bank (ECB) to keep the deposit rate at 2.25% at the upcoming meeting, with a September hike seen as likely as Oil prices rise and markets already price in around 23bp. Tukker highlights well-anchored long-term inflation expectations near target and notes that markets are positioned for almost three […]
Canadian Dollar gains traction on rising oil prices as US-Iran war escalates
The USD/CAD pair attracts some sellers to near 1.4060 during the early European trading hours on Thursday. A rise in crude oil prices provides some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). Traders brace for Canada’s Retail Sales data, which will be released later on Thursday. Crude oil prices continued to […]
British Pound nudges higher above 1.3350 despite Middle East turmoil
The GBP/USD pair rebounds to near 1.3385 during the Asian trading hours on Thursday. However, the potential upside for the major pair might be limited amid cooler-than-expected UK inflation data and escalating tensions in the Middle East. Traders will take more cues from the UK Retail Sales report, which is due later on Friday. The […]
Yemen’s Houthis say they targeted two Saudi oil tankers
The Houthis, the Iran-backed group in Yemen, on Thursday claimed an attack on two Saudi oil tankers transiting through the Red Sea, identified as ENCELA and LAYLIA, saying the vessels violated the naval blockade imposed by the group on Monday, the Guardian reported. “We targeted two Saudi oil tankers, named ENCELA and LAYLIA, for their […]
