Author: FX
DBS Group Research economists Radhika Rao and Chua Han Teng note that Bangko Sentral ng Pilipinas (BSP) raised its policy rate by 25 bps to 5.0% to anchor inflation expectations and support the Peso. Philippine Peso (PHP) is the only ASEAN-6 currency weaker in 3Q26 versus the Dollar, and DBS flags above-target inflation as leaving room for one more measured BSP hike this year.Peso underperforms peers in 3Q26″The Philippines’ BSP hiked its benchmark rate by 25bps to 5.0% yesterday, in line with our expectations, in a bid to contain inflation expectations and support the currency.””The peso is the only ASEAN-6…
General Electric (GE) announced on Friday that it was awarded a maximum $319.5M contract modification to exercise an option for J85 engine supplies. The option covers a two-year, four-month period, with work expected to be completed by December 31, 2028. Source link
ING’s Chris Turner reports that the Korean Won (KRW) continues to advance, driven by back-to-back Bank of Korea (BoK) rate hikes to 3.00% and a Dot Plot pointing to 3.25% in six months. Upgraded Gross Domestic Product (GDP) forecasts linked to a chip export boom underpin the currency, though authorities may worry about KRW/JPY highs and USD/KRW looks due for consolidation.BoK tightening and export-led growth”The Korean won continues its advance. The driver this week has been back-to-back rate hikes from the Bank of Korea, with the policy rate now a reasonably high 3.00%. The Bank of Korea has its own,…
NeuroThera Labs (NTLX:CA), a subsidiary of SciSparc, will consolidate its common shares on a 1-for-14 basis. The consolidation is expected to take effect at market open on or around September 2, 2026, with NTLX expected to begin trading on a post-consolidation basis Source link
Markets drifted on trade friction and Iran headlines all week, then Fed Chair Warsh’s hawkish Jackson Hole debut sparked a Friday dollar surge that reshuffled the board. Source link
Fed’s Warsh: Numbers on price stability are ‘more concerning’Univ of Michigan final sentiment index for August 51.7 vs 51.0 estimateFed’s Hammack: It’s time to act with rate hikes, waiting will create painCanada GDP Q2 annualized 3.3% vs 3.4% estimateFed’s Goolsbee: Agrees with Warsh that inflation is Fed’s main issue right nowNon-farm payrolls benchmark revisions trimmed employment by 79K jobsMarkets:Gold down $145 to $4455US 10-year yields up 5.4 bps to 4.73%US 2-year yields up 12 bps to 4.36%WTI crude oil down 8 cents to $83.43USD leads, NZD lagsNasdaq down 0.5%S&P 500 down 0.2%It was a fairly straight-forward day in terms of…
US stocks don’t like the rate hike tilt. Close lower on the day. !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
AUDUSD corrects lower but keeps bullish bias. The 200 hour MA is eyed as a key barometer now !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
USDCAD runs up to swing high from last week and the 100 day MA !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Non-farm payrolls benchmark revisions trimmed employment by 79K jobs !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link