BSP seen staying hawkish on inflation – Standard Chartered
Standard Chartered economists Jonathan Koh and Edward Lee revise their Bangko Sentral ng Pilipinas (BSP) policy rate path, dropping expectations for a 50bps off-cycle hike before the 18 June meeting. They still project a 50bps increase in June and 25bps in August as inflation risks persist and PHP weakness raises imported inflation concerns. Policy easing […]
Semiconductor pullback weighs on KRW – DBS
DBS Group Research’s Chang Wei Liang highlights that USD/KRW has pushed above 1530 as weakness in semiconductor stocks adds pressure on the Korean Won. He links KRW softness to foreign investor profit-taking after a sharp KOSPI rally and warns that further outflows, limited exporter repatriation of overseas earnings, and persistently high Oil prices could destabilize […]
New Zealand Dollar plunges to two-month lows after upbeat US NFP report
NZD/USD falls sharply towards the 0.5790 region on Friday as the US Dollar (USD) strengthened following a stronger-than-expected Nonfarm Payrolls (NFP) report, while the New Zealand Dollar (NZD) struggled to attract buyers amid a cautious market mood. At the time of writing, the pair trades at 0.5791, its lowest level in the last two months. […]
BSP tightening path supports PHP – UOB
UOB economists Julia Goh and Loke Siew Ting note that Philippine inflation unexpectedly eased in May but remains above the Bangko Sentral ng Pilipinas (BSP) target, keeping risks tilted to the upside. They expect the BSP to deliver a 25bps hike to 4.75% on 18 June and another 25bps to 5.00% in 3Q26, then hold […]
XAG crashes toward 200-day SMA, eyes $61.00
Silver (XAG/USD) price tanks and challenges the 200-day Simple Moving Average (SMA) near $67.79 on Friday, as the white metal registers a daily loss of nearly 8% and is poised to end the week down by almost 10%, amid a stronger-than-expected US Nonfarm Payrolls report. XAG/USD Price Forecast: Technical outlook Silver has extended its losses […]
KRW and IDR face technical strain – OCBC
OCBC’s FX Strategist Sim Moh Siong says softer Oil prices offer only limited relief to Asia FX, with the Korean Won and Indonesian Rupiah still pressured by equity outflows and policy concerns. He argues KRW fundamentals remain strong but are overshadowed by technical equity flows, while Bank Indonesia (BI) has reportedly stepped up FX intervention […]
Credibility costs 25bps – TD Securities
TD Securities’ Global Strategy Team expects the ECB to raise the deposit rate to 2.25% in response to persistently high energy prices. They argue this move is aimed at reinforcing the ECB’s inflation-fighting credibility and anchoring expectations, while policymakers maintain a data-dependent, meeting-by-meeting stance and preserve flexibility for future decisions based on updated projections. ECB […]
Eases to near 114.00, but maintains bullish structure above 100-day SMA
The AUD/JPY cross loses traction to around 114.00 during the early European session on Friday. Fears of currency intervention from Japanese authorities provide some support to the Japanese Yen (JPY) against the Australian Dollar (AUD). Japan’s Finance Minister Satsuki Katayama said on Friday that the authorities are always ready to react suitably as needed on foreign exchange. On […]
British Pound Sterling leans on hikes its economy can’t justify
Sterling is standing on a bet that gets harder to justify by the week. Markets still lean toward Bank of England (BoE) rate hikes this year, even as the economy beneath the Pound flashes contraction rather than the overheating that would normally warrant tighter policy. The Pound is holding up, but it is holding up […]
Canadian Dollar: Gradual uptrend against US Dollar through 2026
TD Securities strategists maintain a structurally bearish view on the US Dollar (USD) and a medium-term bias toward lower USD/CAD. They expect Fed easing in 2027, a high bar for further Bank of Canada (BoC) cuts, and improving Canadian terms of trade to support CAD. Their baseline sees USD/CAD drifting toward 1.34 by late 2026. […]
