Author: FX
The U.S. dollar ended Friday slightly mixed but still posted a gain for the week as investors turned more cautious toward risk assets. The greenback came under pressure from falling U.S. Treasury yields, particularly at the short and intermediate maturities, and another sharp decline in crude oil prices as markets grew increasingly confident that Middle East tensions would not disrupt energy flows through the Strait of Hormuz. On the currency front, the dollar fell vs the EUR, GBP, CAD but declines were modest. The greenback rose vs the AUD and NZD. It as near unchanged vs the CHF and JPY.…
DBS Group Research’s Ma Tieying expects South Korea’s June exports to remain very strong, with year-on-year growth around 50–60% and the trade surplus widening above USD30bn. AI-related semiconductor demand and higher memory prices are seen offsetting energy imports. Headline and core CPI are forecast to rise further, and the Bank of Korea is projected to deliver two 25bps rate hikes by 4Q.Exports strength and CPI upside”June trade and inflation data will be the key focus ahead.””Exports are expected to maintain strong growth of 50-60% yoy for the fourth consecutive month, based on the preliminary data for the first 20 days…
The major U.S. stock indices closed modestly lower on Friday, with technology shares again leading the declines. The NASDAQ was the weakest performer, falling 0.24%, while the Dow Jones Industrial Average slipped 0.09% and the S&P 500 edged lower by 0.05%.The NASDAQ has now declined in each of the past five trading sessions and is down 4.60% for the week. With two trading days remaining in June, the index is lower by 6.21% for the month, putting it on pace for its worst monthly performance since March 2025, when it fell 8.21%.The S&P 500 also posted its fifth consecutive daily…
The dollar topped the majors despite a late fade, gold and stocks whipsawed on a tech-led rout, and crude unwound its war premium toward weekly lows. Source link
Silver (XAG/USD) price registers gains of nearly 2% on Friday but is poised to finish the week with losses of nearly 10%, as the white metal falls below the $60.00 threshold for the first time since the rally that began at the beginning of December 2025. At the time of writing, the XAG/USD pair trades at $59.00 after hitting a low of $55.70.XAG/USD Price Forecast: Technical outlookThe white metal has enjoyed quite a reversal and, so far, has fallen nearly 22% in June. After reaching a record high of $121.66 per troy ounce in January, Silver has lost its luster…
OCBC’s FX strategists Sim Moh Siong and Christopher Wong note USD/CNH’s recent run-up has stalled, with the pair around 6.8020 and daily bullish momentum intact but RSI turning lower from overbought. They caution CNH may still trade on the back foot near term if Dollar strength persists, yet view recent Renminbi (RMB) slippage as a correction, expecting weakness to remain measured unless the fixing signals broader depreciation.Momentum stalls near resistance”The recent run-up in USD/CNH slowed overnight, tracking moves in the USD. Pair was last at 6.8020 levels.””Bullish momentum on daily chart intact but RSI shows tentative signs of turning lower…
U.S. Secretary of State Marco Rubio outlined a framework aimed at ending hostilities and restoring stability in Lebanon. The proposal attempts to balance Israel’s security concerns with Lebanon’s sovereignty while addressing the longstanding issue of Hezbollah’s military infrastructure.Rubio said: The framework establishes a clear and structured process to restore Lebanon’s sovereignty, disarm Hezbollah, and dismantle its military infrastructure. The agreement would enable Israel to return to its borders once the threat to its citizens has been removed.The agreement creates a trilateral military coordination group for Lebanon facilities by US US will remain fully engaged and committed significant resources, including an…
Gold (XAU/USD) price recovers some ground on Friday, hitting a two-day high of $4,096 as the Greenback edges lower alongside Treasury yields after investors trimmed hawkish bets on the Federal Reserve (Fed). The XAU/USD pair trades at $4,076, up 1.24%.XAU/USD rises as traders trim Fed hawkish betsThe yellow metal has failed to gain meaningful traction over the last few days, even though the US 10-year Treasury yield has fallen nearly 14 basis points since Wednesday, to 4.374%.eExpectations that prices would fall after the resolution of the US-Iran conflict and the reopening of the Strait of Hormuz sent Oil prices tumbling,…
The upcoming week will bring a fresh test for major currency pairs as investors look ahead to key United States (US) labor market data, ISM Manufacturing figures, Eurozone inflation releases, and central bank commentary from the Federal Reserve (Fed), European Central Bank (ECB), Bank of England (BoE), and Reserve Bank of Australia (RBA).The US Dollar Index (DXY) fell near the 101.30 level on Friday amid profit-taking ahead of the end of the quarter. Investors’ main focus will be on JOLTS Job Openings, ADP Employment Change, ISM Manufacturing Purchasing Managers Index (PMI), Initial Jobless Claims, and Friday’s Nonfarm Payrolls report. A…
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note USD/SGD has stalled after a six-day advance, with the pair easing to 1.2950 before closing near 1.2970. In the near term, they expect range trading between 1.2950 and 1.2980, while warning that a break below 1.2925 would signal the recent 1.2991 high may cap current Dollar strength against the Singapore Dollar.USD/SGD upside momentum cools”24-HOUR VIEW: Two days ago, USD rose more than we expected to 1.2991 and then eased. Yesterday, when USD was at 1.2975, we highlighted that USD “appears to be unwinding from overbought conditions, and any decline…