Gold price in India: Rates on May 19
Gold prices fell in India on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 14,103.90 Indian Rupees (INR) per gram, down compared with the INR 14,188.23 it cost on Monday. The price for Gold decreased to INR 164,500.60 per tola from INR 165,488.70 per tola a day earlier. Unit measure […]
PBOC sets USD/CNY reference rate at 6.8375 vs. 6.8435 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.8375 compared to the previous day’s fix of 6.8435 and 6.7909 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, […]
Japanese Yen has quietly erased the intervention rally
The Yen drifted toward the 159.00 zone through Monday’s session and closed close to 158.80, marking a sixth straight losing day against a US Dollar that just refuses to peak. The price action itself was unremarkable, a 60-pip range on the day, but the trajectory is striking. The intervention rounds that began on April 30 […]
Oil shock and US yields pressure importers – MUFG
MUFG’s Michael Wan highlights that Asian Emerging Markets (EM) currencies have weakened as higher US real yields, a stronger Dollar and elevated Oil prices weigh on sentiment. Oil-importing currencies such as Indian Rupee (INR) and Philippine Peso (PHP) are singled out as most vulnerable, alongside Indonesian Rupiah (IDR) given its sensitivity to United States (US) […]
K-shaped NODX upswing to persist – UOB
UOB economist Jester Koh highlights a strong rebound in Singapore’s Non-oil Domestic Exports (NODX), led by electronics and pharmaceuticals, with petrochemicals slightly softer. Koh argues that K-shaped export growth will likely persist, as AI-related electronics and semiconductors stay resilient while non-electronics exports face supply disruptions and higher energy prices, making it premature to call a […]
Rate hike timing questions persist – TD Securities
TD Securities strategists reiterate their view that the Reserve Bank of Australia (RBA) will likely need to raise the cash rate to 4.60% in this cycle. They note that the May policy statement suggests hesitation to hike in June, and expects the RBA minutes to clarify this. TD currently forecasts the next RBA cash rate […]
Euro upside attempts remain limited amid cautious markets
The Euro (EUR) is ticking higher against the US Dollar (USD) on Monday, but remains below previous lows, now turned into resistance in the 1.1650-1.1670 area, after bouncing from near 1.1600 earlier in the day. The pair is shrugging off the dismal market sentiment, although high Oil prices are likely to keep upside attempts in […]
June hike odds shaped by survey prices – Societe Generale
Societe Generale’s team notes that the European Central Bank’s (ECB Economic Bulletin stresses that a Middle East-driven Oil shock would hit inflation more than activity, but confidence effects could weigh on 2027 growth. They add that if business surveys show only small activity moves but renewed price pressures, this would largely cement expectations for an […]
Gold price in India: Rates on May 18
Gold prices remained broadly unchanged in India on Monday, according to data compiled by FXStreet. The price for Gold stood at 14,087.38 Indian Rupees (INR) per gram, broadly stable compared with the INR 14,087.50 it cost on Friday. The price for Gold was broadly steady at INR 164,312.50 per tola from INR 164,313.90 per tola […]
PBOC sets USD/CNY reference rate at 6.8435 vs. 6.8415 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8435 compared to Friday’s fix of 6.8415 and 6.8086 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote […]
