US inflation relief supports koruna and forint – ING
Frantisek Taborsky at ING says lower US inflation and reduced Fed hike expectations bring relief to CEE FX, despite higher Oil and US–Iran tensions. He maintains a bullish view on the Czech koruna and Hungarian forint, expecting more gains in coming days. EUR/CZK is seen below 24.200, EUR/HUF lower within 350–360, while EUR/PLN is anchored […]
Rebound needs softer Oil and data – OCBC
OCBC’s Sim Moh Siong and Christopher Wong report that Gold has rebounded from sub-4000 levels after softer United States (US) Consumer Price Index (CPI) prompted markets to pare Fed hike expectations and pushed USD and front-end US Treasury yields lower. They see the move as a reversal of excessive hawkish repricing rather than a macro […]
Indonesian Rupiah firms after S&P Global reaffirms stable grade rating
USD/IDR loses ground for the second consecutive day, trading around 18,110 during the Asian hours on Wednesday. The pair depreciates as the Indonesian Rupiah (IDR) strengthens following S&P Global Ratings’ reaffirmation of Indonesia’s investment-grade credit rating with a stable outlook. S&P noted that recent fiscal and external pressures, triggered by elevated oil prices and rupiah […]
WTI rises as Trump’s threats strikes on Iran
West Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $79.20 per barrel during the Asian hours on Wednesday. Crude oil prices have climbed following threats from US President Donald Trump regarding additional military strikes on Iran. This escalation comes after the reinstatement of a US blockade against Tehran […]
S&P support offset by Rupiah headwinds – Commerzbank
Commerzbank’s Dr. Henry Hao and Moses Lim note S&P Global Ratings affirmed Indonesia’s BBB sovereign rating with a stable outlook, citing fiscal discipline and adherence to the 3% deficit ceiling. Nonetheless, S&P views recent fiscal and external deterioration as temporary but flags higher bond yields and weaker Indonesian Rupiah (IDR) as headwinds. USD/IDR rose toward […]
Supported by ratings yet constrained against US Dollar – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note that S&P’s affirmation of Indonesia’s BBB/A-2 ratings with a stable outlook is mildly supportive for the Indonesian Rupiah (IDR) by removing immediate downgrade risk. However, they caution that IDR gains may be limited without clearer fiscal consolidation and better capital flows, while the recent rebound in […]
Strait of Hormuz open to all shipping except Iran
United States (US) President Donald Trump reiterated in a Truth Social post on Tuesday, “The Strait of Hormuz is open to ALL ship traffic except for Iran.” He added that the US would impose a “FULL Blockade” only on vessels travelling to or from Iranian ports or carrying Iranian cargo. Trump claimed that Oil shipments […]
RBNZ hawkish repricing supports Kiwi – MUFG
MUFG’s Lee Hardman reports the New Zealand Dollar is the top G10 performer overnight, helped by a hawkish shift in RBNZ rate expectations. After last week’s hike, RBNZ’s Chief Economist Paul Conway flagged upside risks to the September inflation forecast from Middle East developments and warned of a response if pressures persist. Markets now anticipate […]
Indian Rupee slumps as oil prices surge, US CPI data awaited
The Indian Rupee trades significantly lower against the US Dollar (USD) on Tuesday. The USD/INR pair posts a fresh seven-week high near 96.20 as surging oil prices and United States (US) Treasury Yields due to threats of levy from Washington have weakened the appeal of the Indian currency. In the opening session, the MCX Crude […]
Advance has ended with range trade likely against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann highlight that GBP/USD gapped lower, dropping to 1.3343 and closing at 1.3346 as the Dollar firmed. Short‑term momentum has cooled, but they still see scope for a dip toward 1.3320, while the broader view has turned neutral, with Sterling expected to trade between 1.3320 and […]
