Author: FX
investingLive Asia-pacific FX news wrap 6 Aug: USD moves higher with yields ahead of US jobs report !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Oil’s sharpest rally in weeks rattled markets Thursday as Hormuz doubts resurfaced, lifting crude, yields, and the dollar while stocks fell ahead of Friday’s jobs report. Source link
ING economists Deepali Bhargava and Lynn Song flag renewed policy uncertainty for the Indonesian Rupiah (IDR) after the surprise resignation of Bank Indonesia’s (BI) governor, just as sentiment toward Indonesian assets was improving. Foreign participation in local bonds had started to recover on recent rate decisions and FX-stabilisation measures. They warn that questions over central bank independence and monetary policy direction point to further IDR weakness.Governor exit clouds IDR outlook”A surprise resignation from Bank Indonesia’s governor introduces fresh policy uncertainty at a time when investor sentiment toward Indonesian assets was improving.””While Acting Governor Damayanti should provide near-term continuity, markets will…
Iran is reportedly drafting a strategic plan that would restrict access through the Strait of Hormuz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Iran says its Hormuz shipping deal with Oman is agreed in principle, but the strait’s full reopening still depends on the U.S. and Iran’s Supreme Leader. Source link
Scotiabank highlights that the Euro is slightly softer versus the Dollar after touching levels last seen in mid-June, with fundamentals still supportive as yield spreads turn. Spot has nearly converged with their fair value based on the 2-year Germany–US spread. Further EUR/USD gains likely need a shift in relative central bank expectations or improved sentiment, with near-term range seen at 1.1500–1.1600.Euro aligns with yield-spread fair value”The EUR is entering Thursday’s NA session with a fractional 0.1% decline vs. the USD, trading defensively following an overnight push to a fresh local high reaching levels last seen in mid-June.””Fundamentals remain supportive and…
Gold enters August with fresh momentum, but Fed policy, inflation, and real yields could decide whether the breakout has legs. Source link
The dollar’s next move hinges on inflation, while the yen waits for the BoJ !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight USD/JPY traded quietly between 157.27 and 157.87, closing at 157.74, with intraday momentum indicators flat. The pair is expected to stay in a 157.30–158.20 band near term. Over 1–3 weeks, they still see downside risk toward 155.00 and 154.10 as long as strong resistance at 160.00 is not breached.Japanese Yen supported by downside bias”24-HOUR VIEW: Yesterday, we noted that “momentum indicators are turning flat,” and we indicated that USD “could trade in a range between 157.00 and 158.30.” USD subsequently traded within a narrower range than expected (157.27/157.87),…
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