Market News
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Gold price retraces as Fed hawks keep the US Dollar bid
Gold price retreats on Monday, down over 0.6% following last weekâs Federal Reserve (Fed) interest rate hike. That 25 bps hike initially pushed US bond yields higher, but the US Dollar Index (DXY) has recovered some ground on Monday despite Treasury yields falling in the back half.
Indonesian Rupiah: Policy continuity offsets but cannot erase external headwinds â OCBC
OCBCâs Christopher Wong notes that Indonesiaâs appointment of Finance Minister Suahasil Nazara signals fiscal continuity and discipline, helping to reduce domestic risk premia for the Rupiah.
Brent: Supply risks contrast softer prices â ING
ING strategists Ewa Manthey and Warren Patterson note ICE Brent and WTI started the week lower despite persistent supply risks and elevated speculative length. They highlight Saudi Aramcoâs curtailed allocations after pipeline damage, tighter European crude markets, and strong bullish positioning.
Singapore Dollar: Inflation keeps MAS tightening risk alive - Commerzbank
Commerzbankâs Henry Hao and Moses Lim highlight that Singaporeâs August NODX growth was the strongest since 1998, driven by surging electronics and robust AI-related demand. They expect NODX to stay firm but moderate as base effects fade.
Fed's Musalem calls for more rate hikes
St. Louis Federal Reserve (Fed) President Alberto Musalem said interest rates likely need to rise further to tame inflation that is both demand- and supply-driven.
AUD/USD Price Forecast: Upside bias intact despite mixed momentum
AUD/USD reverses its earlier gains on Monday as a broadly firmer US Dollar (USD) and hawkish Federal Reserve (Fed) expectations cap the upside.
South Korean Won: High-beta KRW needs foreign inflows â OCBC
OCBCâs Christopher Wong comments that USD/KRW eased as Korean equities rebounded and foreign investors briefly turned net buyers, but warns this may not mark a lasting shift.
Forex Today: Fedspeak takes centre stage alongside weekly ADP figures
The US Dollar (USD) has started the week on a positive footing, rapidly leaving behind two daily drops in a row and refocusing on the upper end of its recent range amid steady bets for extra rate hikes by the Fed and reignited geopolitical tensions.
BoCâs Macklem sees inflation drifting higher as uncertainty lingers
The Bank of Canada Governor, Tiff Macklem, said that he expects inflation to âdrift up a little higher in the coming months,â and commented that âa new era of uncertainty is not going away any time soon,â as he spoke in Halifax.
Dow Jones Industrial Average edges up as Trump floats a meeting with Iran
The Dow Jones Industrial Average (DJIA) trades near 51,900 on Monday after its worst week since March. Crude Oil fell back under $100 after President Donald Trump told Fox News he'd probably be open to meeting Iran's President Masoud Pezeshkian at the United Nations General Assembly this week.
British Pound loses grip as Fed hawks stay in charge
The Pound Sterling (GBP) retreats by some 0.17% on Monday as the US Dollar (USD) trades in the green following last weekâs Federal Reserve (Fed) rate hike, which widened the interest rate differential between the US and the UK, while still-high energy prices put pressure on major central banks to ra
BoCâs Macklem: Rate decisions must look beyond initial Oil shock
Bank of Canada (BoC) Governor Tiff Macklem, speaking in Halifax, Nova Scotia, on Monday, offered a cautious assessment of the economy as higher energy prices and US tariffs create competing risks for inflation and growth.
WTI Oil extends losing streak as resilient Saudi exports outweigh Middle East risk premium
West Texas Intermediate (WTI) US Oil extends its decline for the fourth consecutive day on Monday, trading around $91.90 per barrel at the time of writing, down 3.54% on the day.