Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Singapore Dollar: Near-term downside risks against US Dollar â OCBC
OCBC Bank strategists Sim Moh Siong and Christopher Wong note that USD/SGD traded slightly firmer as resilient US data halted US Dollar downside pressure, though the pair remains subdued and rangebound ahead of Chair Warshâs Jackson Hole speech.
Philippine Peso: Policy behind curve keeps currency lagging â BBH
Brown Brothers Harrimanâs (BBH) Elias Haddad sees the Philippine Peso underperforming its Asian peers after the Bangko Sentral ng Pilipinas (BSP) delivered a third consecutive 25 bps rate hike to 5.00%.
Indonesian Rupiah: Policy synergy focus supports IDR â DBS
DBS Group Research economist Radhika Rao notes that Indonesiaâs parliament has held fit-and-proper hearings for BI Governor nominee Destry Damayanti, who signalled continuity, robust policy tools and stronger coordination with fiscal authorities.
Thai Baht: Consolidation expected in defined range against US Dollar â Commerzbank
Commerzbank FX Analyst Charlie Lay reports USD/THB has eased from around 33.90 in late July to about 32.70, helped by a softer Dollar.
South Korean Won: Undervalued currency backed by BoK hikes â BBH
Brown Brothers Harrimanâs (BBH) Elias Haddad highlights USD/KRW near a oneâyear low after the Bank of Korea (BoK) delivered a backâtoâback 25bps hike to 3.00%.
Chinese Yuan: Measured RMB appreciation with two-way risks â OCBC
OCBC Bank strategists Sim Moh Siong and Christopher Wong highlight that USD/CNH has edged higher alongside a broader US Dollar (USD) rebound and firmer US Treasury yields, while the People's Bank of China (PBoC) continues to prefer a gradual appreciation path.
Fedâs Collins says PCE does not change restrictive policy view
Boston Federal Reserve (Fed) President Susan Collins crossed the wires on Thursday as the Jackson Hole Symposium began. She said that the recent PCE inflation report does not change the view that policy is restrictive and will lead to gradual disinflation.
US President Trump hits Canada on trade, says Hormuz Oil keeps flowing
US President Donald Trump held a press conference on Thursday at the White House, where he insisted that Canada has been "ripping" off the US on trade and that it wants to be âtreated like a state.â
Crude Oil takes back the reopening it bought on Tuesday
Crude Oil trades near $83.50 on Thursday, ahead 2.52% and more than $3.00 above a session low just above $80.00 printed at 07:00 GMT.
Australian Dollar gains on hawkish RBA outlook, Warsh speech in focus
The Australian Dollar (AUD) outperforms its major peers on Thursday, buoyed by hawkish Reserve Bank of Australia (RBA) expectations after Australian inflation data released on Wednesday surprised to the upside. A softer US Dollar (USD) provides additional support.
Fedâs Hammack says policy restrictiveness still needed
Cleveland Federal Reserve (Fed) President Beth Hammack said on Thursday on Fox Business that the job market is broadly in balance, while adding that âwe need restrictiveness in policy.â
The US Dollar Index sits still through two hawkish speeches
The US Dollar Index trades just above 99.00 on Thursday, unchanged on the session across a range of less than a fifth of a point. That sits roughly 2.6% beneath the June peak just under 102.00 and beneath a rolling 50-day Exponential Moving Average (EMA) near 100.00 and a flat 200-day near 99.75.
Gold holds firm above $4,600 as Warsh speech looms
Gold (XAU/USD) extended its gains on Thursday, up 0.17% as US jobs data was solid, while the US trade deficit widened. In the meantime, investors eye Fed Chair Warsh's speech, keeping the precious metal near familiar levels. The XAU/USD trades at $4,601 at the time of writing.