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FX Desk
Singapore Dollar: Range trading persists with strong performance against US Dollar – Commerzbank
Commerzbank’s Moses Lim highlights that USD/SGD fell 0.3% to 1.2910 on Dollar weakness, with the pair consolidating in a 1.29–1.30 range since mid-June. Singapore’s strong growth backdrop and benign i…
United States Dollar Index struggles near 100.50, multi-week low amid fading Fed hike bets
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, is seen consolidating around the 100.50 region during the Asian session on Thursday, close to the nearly four-week…
PBOC sets USD/CNY reference rate at 6.7909 vs. 6.7910 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7909 compared to the previous day's fix of 6.7910 and 6.7577 Reuters estimate.
The Australian Dollar reclaims a big figure and immediately loses its nerve
The Australian Dollar opened near 0.6975, ground higher through every session of the day, and poked above 0.7000 for the first time since mid-June before the momentum quietly left the room. The Aussie…
EUR/USD Price Forecast: Approaches 1.1600 as RSI shifts bullish
The EUR/USD advances some 0.41% on Wednesday, trading at 1.1466 after US inflation data was softer than expected, weighing on the Greenback, as market participants expect a less hawkish Federal Reserv…
The Japanese Yen gets a gift from American inflation and hands it straight back
USD/JPY has spent Wednesday doing an impression of volatility without any of the substance. The pair climbed to 162.42 through the London morning, was knocked down to 161.90 by the New York afternoon,…
US military carries out another wave of strikes against Iran
The US Central Command (CENTCOM) said that it has launched another wave of strikes against Iran in a further effort to keep the Strait of Hormuz open, the Guardian reported on Wednesday.
Gold drifts higher above $4,050 as US PPI unexpectedly fell in June
Gold price (XAU/USD) edges higher to around $4,060 during the early Asian session on Thursday. The precious metal rebounds as softer US inflation has fueled hopes that the US Federal Reserve (Fed) wil…
Gold price slips as Iran escalation overshadows soft US PPI
The Gold price turns negative on Wednesday, even though the last two US inflation reports showed that prices are dropping, though developments in the Middle East sent energy prices higher. At the time…
Forex Today: US Dollar extends decline as softer PPI lifts major currencies and Gold
The US Dollar Index (DXY) falls 0.5% toward 100.40 as softer-than-expected United States (US) wholesale inflation reinforces signs that price pressure is easing. The headline Produce Price Index (PPI)…
Asia FX: Softer USD offset by high Oil – OCBC
OCBC’s Sim Moh Siong and Christopher Wong expect Asian FX to trade with a better tone after softer United States (US) core Consumer Price Index (CPI) reduced near-term Fed hike expectations and pressu…
Euro elevates as softer US PPI weighs on the Dollar
EUR/USD trades higher near the 1.1450 area on Wednesday as the US Dollar (USD) weakens following softer-than-expected United States (US) Producer Price Index (PPI) data. The Euro (EUR) also finds some…
SpaceX shares slide below IPO price for the first time as blistering rally unravels
Shares of Elon Musk's SpaceX are scraping by at record low levels this week, struggling to find any renewed enthusiasm from wary investors.
Singapore Dollar: Consolidation bias holds within tight band against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note USD/SGD reversed its New York-session plunge after softer United States (US) Consumer Price Index (CPI), closing near 1.2910. UOB's Singapore…
China: Q2 growth slowdown raises policy pressure – Commerzbank
Commerzbank’s Dr. Henry Hao notes that China’s Q2 2026 GDP growth slowed to 4.3% year-on-year, below Beijing’s 4.5%-5% target and consensus expectations. Fixed-asset investment contracted sharply, whi…
WTI hovers near one-month highs as Hormuz supply risks remain in focus
West Texas Intermediate (WTI) crude Oil consolidates modest losses on Wednesday but stays close to a one-month high as escalating Middle East tensions keep supply risks around the Strait of Hormuz in …
Thai Baht: Limited gains as Oil stays elevated – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note that USD/THB fell after the post-US Consumer Price Index (CPI) decline in US Dollar (USD) but quickly retraced, signalling limited follow-through in Thai…
$4,000 under siege: Buyers losing the battle on Gold
The US Dollar (USD) is under strong selling pressure on Wednesday, yet action around XAU/USD is muted. The Greenback found near-term demand at the beginning of the day, but changed direction following…
EQT sweetens pursuit of Australia’s Perpetual with $1.75 billion bid
Shares of Australian financial services group Perpetual surged to a six-month high on Thursday after the company rejected a A$2.45 billion (US$1.69 billion) takeover proposal from Swedish private equi…
USD/CHF Price Forecast: Swissie breaks below rising wedge, bears eye 0.8000
The USD/CHF breaks a rising wedge, tumbles over 0.62%, and trades near three-day lows on Wednesday. The pair clears the July 14 swing low of 0.8067. At the time of writing, the pair trades at 0.8041.
Fed Chair Warsh: Inflation will not be permanent
Federal Reserve (Fed) Chair Kevin Warsh said on Wednesday that current inflation pressure will not be permanent, while acknowledging that the latest inflation measures remain unsatisfactory. Warsh mad…
Canadian Dollar shows little reaction to Bank of Canada interest rate decision
USD/CAD trades flat on Wednesday as traders show a limited reaction to the latest Bank of Canada (BoC) monetary policy announcement. At the time of writing, the pair trades around 1.4051, hovering nea…
Dell leads broader AI hardware selloff as shares tumble 14%
Dell dropped 14%, HPE fell 8%, and SMCI declined 5% on no confirmed catalyst, but Dell and HPE retain massive YTD gains of 219% and 92%, respectively.