Gold: Recovery hinges on real yields – OCBC
OCBC’s FX Strategists Sim Moh Siong and Christopher Wong note Gold has rebounded over 1% as US Treasury yields, USD and Brent eased, while the Federal Reserve appears in no rush to tighten further. Th…
FX Desk
Indian Rupee: Policy support and yield reversal – Societe Generale
Societe Generale highlights that the Reserve Bank of India has taken proactive steps to support the Indian Rupee, deploying multiple FX-related measures and bond operations. The report notes a risk-of…
New Zealand Dollar: Inflation and weak demand challenge RBNZ – Commerzbank
Commerzbank’s Volkmar Baur describes a double bind for the New Zealand Dollar as rising monthly price indices signal higher CPI, while electronic card data show stagnating retail spending and likely n…
Euro: Dollar drivers stay dominant on price movement – Nordea
Nordea strategists note EUR/USD has already hit its H1 2027 target of 1.12 and now expect further US Dollar (USD) strength versus the Euro (EUR). Nordea lower its year-end EUR/USD forecast to 1.10 and…
Experts agree: US Dollar might have reached a top with the AI bubble teetering
The US Dollar (USD) has depreciated sharply against most of its major peers over the last two days, hammered by a mix of lower US Treasury yields and dovish comments by Federal Reserve (Fed) officials…
Euro retreats further as solid UK data supports British Pound
The Euro (EUR) remains on its back foot against the British Pound (GBP) on Friday, as UK macroeconomic data released on Tuesday beat expectations while Eurozone’s figures disappointed. The EUR/GBP pai…
Japanese Yen: BoJ's Koeda reinforces tightening case – MUFG
MUFG’s Michael Wan reports that Bank of Japan (BoJ) Board Member Junko Koeda has strengthened the case for further policy tightening. Koeda emphasized upside price risks, still-accommodative financial…
FX Daily: Right Market, Wrong Guard
September PPI came in strong, import prices are still running hot enough to keep the inflation story alive, and yet the long end has rallied. The 2s10s curve has flattened by roughly 20bp this week be…
FX Daily: Inflation Vs. AI Overbuild Story Dominates
Financial markets have calmed a little after Coreweave stock bounced on Thursday. But the debate between intensifying price pressures needing tighter monetary policy and a tech correction requiring a …
US Dollar Index Price Forecast: Remains below 102.00, ascending channel bottom
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the second successive day and trading around 101.90 during the Asia…
Indian Rupee remains firm amid weak US Dollar, RBI's new measures
The Indian Rupee (INR) continues to outperform the US Dollar (USD) on the back of weakness in the Greenback and forceful Reserve Bank of India’s (RBI) measures to curb the US Dollar’s demand by Oil Ma…
Dow Jones futures lead market gains following comments from US financial leaders
Dow Jones futures rise by 0.19% to trade near 52,530 during European hours on Friday. S&P 500 futures gain 0.09% to trade around 7,800, while Nasdaq 100 futures inch higher by 0.03% to near 30,150.
Ofwat proposes £280,000 package after Hafren Dyfrdwy sewage breaches
Welsh water company Hafren Dyfrdwy has agreed to pay £280,000 following "unacceptable" failures that resulted in sewage spills, industry regulator Ofwat has announced.
Japanese Yen holds gains on BoJ's hawkish tilt
The USD/JPY pair loses ground to near 157.85 during the early European trading hours on Friday. Hawkish hints from Bank of Japan (BoJ) policymakers provide some support to the Japanese Yen (JPY) again…
Gold adds to Thursday's gains as softer bond yields drag USD to over one-week low
Gold (XAU/USD) attracts buyers for the second straight day on Friday amid a broadly weaker US Dollar (USD), though it remains confined in a two-week-old range. The USD Index (DXY), which tracks the Gr…
China: Constrained but still central to growth – Rabobank
RaboResearch stresses that China’s production-oriented model, weakened by property and debt strains, increases reliance on manufacturing exports as US market access narrows. Beijing is unlikely to cut…
USD/CHF Price Forecast: Double top threatens 0.8220 support
The USD/CHF pair struggles at 0.8250 on Thursday, diving below the 0.8300 figure as a ‘double top’ chart pattern looms on the daily chart, even though the overall trend is up. At the time of writing, …
Dollar Index loses its CPI gain as AI stocks slide
An artificial intelligence (AI) stock rout has pushed money into Treasuries, and the Dollar Index gave back its gain on Wednesday's Consumer Price Index (CPI) print. It dropped from Wednesday's high j…
Singapore Dollar: Range risks against US Dollar after MAS hold – OCBC
Christopher Wong at OCBC Bank highlights that Monetary Authority of Singapore (MAS) kept its appreciating S$NEER policy stance unchanged after two prior tightening rounds, with output gaps and inflati…
Vietnamese Dong: Trade deal hopes and stable FX – Commerzbank
Commerzbank analysts discuss Vietnam’s progress toward a US trade deal, which officials say is essentially complete and could be signed soon. The agreement aims to address tariffs, transshipment and r…
Forex Today: Focus shifts to Warsh and more US data
The US Dollar (USD) has come under strong and renewed downside pressure on Thursday, briefly revisiting the area of multi-day lows amid the equally marked decline in US Treasury yields across the boar…
Gold defies 6.3% US PPI as Treasury yield slide fuels rally
Gold price climbs after another US inflation report on Thursday. Although the snapshot of US wholesale inflation came in hotter than expected, it was already priced in by investors, who trimmed their …
Canadian Dollar hits two-week highs as US Dollar retreats
USD/CAD loses nearly 0.30% on Thursday as falling US Treasury yields weigh on the US Dollar (USD). Concerns over debt-funded AI investments drive investors away from equities and into government bonds…
Natural Gas: Volatile winter as Persian Gulf LNG stays scarce – ING
ING’s Warren Patterson highlights that European natural gas (TTF) prices have reached their highest level since December 2022 as Persian Gulf LNG flows remain down about 80% year-on-year. He expects A…