The Aussie Dollar is poised to end Tuesday’s session unchanged versus the Greenback amid renewed hopes for an end of the Middle East conflict, while Federal Reserve officials struck a hawkish tone in their speeches. The…
Cheaper Crude Oil should help the Yen, since Japan buys almost all of its Crude Oil abroad, and on Tuesday it helped only briefly. USD/JPY dropped close to 157.00 after reports that Iran has offered to reopen the Strait…
About 80% of the Euro's August rally is gone. EUR/USD climbed from near 1.1350 at the end of July to just above 1.1700 in the second half of August, and on Tuesday it dipped under 1.1450 to its lowest since late July be…
1.3400 has capped GBP/USD in every session since the Fed raised rates on September 16. The pair went through that level on the day of the decision and has failed to get back above it four times since. On Tuesday it fell…
OCBC strategists Sim Moh Siong and Christopher Wong note that the Renminbi (RMB) has extended gains, with USD/CNY breaking below 6.70 as the People's Bank of China (PBoC) strengthened the fix for nine straight sessions …
Japan’s Yen Battle Takes Another Unexpected TurnThe BoJ just hiked rates, yet the yen moved lower. The disconnect highlights a bigger problem: a rate hike means little if markets see the path ahead as too cautious. With…
MUFG’s Michael Wan notes that improved risk sentiment and AI optimism around Meta’s Muse supported a slightly stronger Dollar and stable DM yields. He argues that Asia FX and rates could benefit from continued infrastru…
The US Dollar (USD) has extended its recovery on Tuesday, climbing to new multi-week highs on the back of steady bets for extra Fed tightening, while increasing hopes of a potential deal to unlock the US-Iran-Hormuz con…
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann expect USD/CNH to edge lower intraday but stay confined to a narrow 6.6890–6.6960 range, with a clear break below 6.6890 seen as unlikely. Over one t…
West Texas Intermediate (WTI) Oil extends its decline on Tuesday as traders assess fresh Middle East developments, keeping energy prices under pressure for a fifth straight day. At the time of writing, WTI trades around…
US President Donald Trump is figuring out a solution to end the war between Russia and Ukraine, after meeting with Ukrainian President Volodymyr Zelenskyy. Furthermore, he added that Russian President Vladimir Putin is …
OCBC strategists Sim Moh Siong and Christopher Wong report that the Korean Won (KRW) strengthened alongside gains in tech equities, lower Oil prices and strong export data, including a surge in semiconductor shipments. …
The Dollar Index trades near 100.70, its highest level since late July. It has climbed through five straight sessions of falling Crude Oil, the opposite of how the war has moved it for most of this year. The Fed is the …
Richmond Federal Reserve (Fed) President Thomas Barkin said on Tuesday that the Federal Open Market Committee (FOMC) decided to raise interest rates last Wednesday because inflation risks outweighed those to maximum emp…
Deutsche Bank Research’s UK economists Sanjay Raja and Maui Brennan have shifted their BoE base case from no hikes to two 25bp moves, in November and February. They argue Bank Rate is already restrictive, inflation is l…
OCBC strategists Sim Moh Siong and Christopher Wong argue that intervention risks and a more hawkish Bank of Japan (BoJ) are key for the Japanese Yen (JPY). They see faster BoJ policy tightening gradually supporting JPY…
AUD/USD trims part of its earlier losses on Tuesday as traders assess fresh diplomatic signals surrounding the war between the United States (US) and Iran, weighing on the US Dollar (USD). Meanwhile, a hawkish Reserve B…
ING’s Francesco Pesole notes the Dollar started the week strongly despite lower Oil prices and firmer global equities, helped by hawkish remarks from Federal Reserve officials Austan Goolsbee and Alberto Musalem that su…
Standard Chartered’s Nicholas Chia now expects the Reserve Bank of Australia (RBA) to raise the cash rate to 4.60% at its 29 September meeting, revising a previous call for a hold. Chia cites recent RBA messaging focuse…
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that GBP/USD remains under 1.3400 as United Kingdom (UK) fiscal policy turns more restrictive. Rising borrowing has eroded fiscal headroom, pressuring Chancellor J…
Gold (XAU/USD) consolidates on Tuesday as traders weigh fresh Middle East headlines while the broader geopolitical backdrop remains tense. At the time of writing, XAU/USD trades around $4,334 after rebounding from an in…
Amid reports of Japan’s current account surplus hitting record highs and international investors losing confidence in the US dollar, the story would seem straightforward: as the dollar falters, the yen should be soaring…
Short-term fair value has slipped below 1.150 for the first time since late July, while the two-year SOFR ESTR spread has widened back toward 150bp, also around levels last seen in July. Interestingly, oil now carries o…
Transport and logistics companies are grappling with rising costs and supply chain disruption. Meanwhile, a growing trade imbalance with China is creating new challenges across Europe's logistics network