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Asia FX: Oil rebound pressures INR and THB – MUFG

MUFG’s Lloyd Chan highlights that higher Oil prices and persistent inflation risks are weighing on Asian currencies, with the Indian Rupee (INR) and Thai Baht (THB) underperforming against the US Dollar. The Baht looks …

Gold edges lower as Middle East conflict boosts the US Dollar

Gold price edges down some 0.19% on Monday as hostilities between the US and Iran extended, following a short-lived truce that began after both countries agreed to a ceasefire, which was broken nine days ago. At the tim…

Ukraine’s Zelenskiy meets commanders as street protests mount

KYIV, July 20 (Reuters) – President Volodymyr Zelenskiy met some of Ukraine’s top military commanders on Monday to try to ease growing discontent with the defence leadership that has triggered the largest street protest…

Australian Dollar holds as PBOC stands firm

AUD/USD trades around the 0.7000 area on Monday, holding near recent highs after recovering from last week’s decline. The Australian Dollar (AUD) remains supported by limited US Dollar (USD) demand, although rising geop…

Euro loses momentum as US Dollar recovers from intraday lows

EUR/USD edges lower on Monday after reversing earlier gains as markets swing between risk-on and risk-off sentiment. At the time of writing, the pair trades around 1.1408, easing from an intraday high of 1.1449.

LatAm FX: Carry supports resilience against US Dollar - BNY

BNY’s Geoff Yu sees Latin American currencies underpinned by strong balance-of-payments positions and attractive carry, even as global equity nerves rise. Yu notes that conflict-era inflows have created a solid buffer a…

Canadian Dollar: Inflation cools as BoC stays patient – RBC

Royal Bank of Canada’s (RBC) Abbey Xu notes that Canadian inflation eased in June, with Consumer Price Index (CPI) slowing to 2.8% year-over-year and energy prices reversing part of their earlier surge. Underlying measu…