Author: FX
The US Dollar Index (DXY) climbs above the 99.30 region, reaching fresh multi-week highs on Friday as stronger-than-expected United States (US) economic data reinforced expectations that the Federal Reserve (Fed) may keep interest rates elevated for longer. April Retail Sales rose 0.5%, highlighting resilient consumer spending despite elevated borrowing costs, while hotter Consumer Price Index (CPI) and Producer Price Index (PPI) reports continued fueling inflation concerns. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar. USDEURGBPJPYCADAUDNZDCHFUSD0.42%0.66%0.27%0.27%1.05%1.26%0.40%EUR-0.42%0.24%-0.13%-0.16%0.62%0.87%-0.00%GBP-0.66%-0.24%-0.36%-0.39%0.41%0.62%-0.24%JPY-0.27%0.13%0.36%-0.01%0.75%0.98%0.12%CAD-0.27%0.16%0.39%0.01%0.75%0.96%0.14%AUD-1.05%-0.62%-0.41%-0.75%-0.75%0.24%-0.63%NZD-1.26%-0.87%-0.62%-0.98%-0.96%-0.24%-0.85%CHF-0.40%0.00%0.24%-0.12%-0.14%0.63%0.85% The heat map…
Powell exits amid another bond market surgeJerome Powell is leaving the Fed chairmanship at a time when the bond market is once again under pressure. The 10-year Treasury yield is posting its largest weekly rise since April 2025, climbing 23.5 basis points, or 5.39%, in just one week. After ending 2025 near 4.16%, the yield fell to a low of 3.926% before surging to as high as 4.599% today. The move underscores just how volatile the interest-rate landscape has become — fitting for the close of one of the most turbulent Fed tenures in modern history.The 10-year yield roller coaster…
OCBC’s strategist Christopher Wong says Asian FX remains constrained by a firm Dollar and higher US yields, despite some optimism around US–China talks. The Renminbi (RMB) is the main outperformer on lower USD/CNY fixes and policy-tolerated appreciation, but broader Asia FX stays soft. The bank characterizes the backdrop as measured, selective optimism rather than a broad regional rally.Selective RMB resilience versus softer Asia FX”The FX read-through was less clear-cut.””Better US retail sales data reinforced the resilience of the US consumer and saw markets price in around a 23% probability of a 25bp Fed hike by Dec-2026, lending support to the…
Silver (XAG/USD) price collapses by 7.90% on Friday as US Treasury yields skyrocket amid investor fears of a second round of inflation, fueling speculation that major central banks could raise interest rates in the near term. The XAG/USD pair trades at $76.88 after reaching a high of $83.87.XAG/USD Price Forecast: Technical outlookIn the last two trading days, the white metal tumbled nearly 12% after peaking shy of $90.00, as sellers stepped in aggressively, pushing Silver spot prices below $77.00.From a momentum standpoint, the Relative Strength Index (RSI) shifted bearishly a day ago, suggesting sellers are gaining traction. Therefore, the path…
UOB’s Global Economics & Markets Research, led by Julia Goh and Loke Siew Ting, notes Malaysia’s 1Q26 Gross Domestic Product (GDP) grew 5.4% year-on-year, slightly above estimates but slower than 4Q25. Domestic demand and services remained key drivers, while external headwinds and the Middle East conflict are intensifying downside risks. UOB keeps its 2026 GDP growth forecast at 4.5% and expects Bank Negara Malaysia (BNM) to hold the Overnight Policy Rate at 2.75%.Growth slows as risks intensify”Although headline growth was robust in 1Q26, downside risks have intensified as the Middle East conflict enters its 11th week and the Strait of…
DBS Group Research economist Samuel Tse assesses how recent US-China talks are shaping the outlook for Chinese growth and Chinese Yuan (CNY) rates. He highlights a more constructive bilateral tone, prospects for improved US market access, and potential easing of trade frictions. Stronger exports and sector-specific agreements are seen supporting China’s economy and putting mild upward pressure on long-end CGB yields.Talks bolster Chinese growth expectations”The US and China concluded the first day of talks with separate readouts. While the market is still awaiting a concrete trade agreement, the constructive tone from both sides suggests a gradual easing of trade tensions.…
Gold price retreats by over 2.30% on Friday amid fears that prolonged hostilities between the US and Iran could trigger a second wave of inflation, forcing central banks to hike interest rates. The XAU/USD trades at $4,551 after bottoming at around $4,511.XAU/USD slides as yields surge and Fed cuts vanishUS Treasury yields are soaring, with the 10-year T-note coupon hitting yearly highs at 4.591%, up 10 basis points and poised to challenge the 2025 high of 4.627%. The Greenback has followed suit, as shown by the US Dollar Index (DXY), which tracks the performance of the American currency against the…
The price of gold is breaking sharply to the downside today after volatile, back-and-forth trading for much of the week. Looking back to last week and into Monday’s trade, rallies repeatedly stalled near the $4,760 area. That level was technically significant, marking the 50% midpoint of the decline from the March high to the March low, while also coinciding closely with the 100-day moving average. The inability to break and stay above those key resistance levels gave sellers the green light to reassert control, leading to renewed downside pressure at the start of the trading week.Initially, the decline found support…
Israel is reporting that they carried out a targeted strike in Gaza against the de facto Hamas head.A senior official also said that Tel Aviv is preparing for an imminent resumption of the war with the Islamic RepublicEarlier today, Israeli said that they would accept a cease-fire in exchange for a genuine commitment from Hezbollah. Meanwhile, Lebanon’s main goal is to declare and solidify complete cessation of hostilities but believes that Israel will not abide by the cease-fire agreement.Honestly, no one knows what to believe in that region or with peace talks. Also, what is a “genuine commitment”. What does…
The weekly Baker Hughes rig count data for the week shows total rigs increased 3 to 551. Compared to a year ago, that number is down 25. Lower rig count does not necessarily mean lower oil extraction.The price of crude oil this week is up 6.10% or $5.77 for the July contract. This article was written by Greg Michalowski at investinglive.com. Source link