Monthly Archives: June 2026
MENA currencies face renewed selling in May as higher US rate bets spur carry unwinds

Written on June 3, 2026 at 4:40 am, by josephine
Most MENA currencies saw net selling in May as rising US rates fueled carry unwind pressure.
NZD/USD Slips Near 0.5930 as Firm US Labour Data Bolsters Dollar

Written on June 3, 2026 at 4:39 am, by josephine
NZD/USD hovers near 0.5930 as stronger US labor data boosts dollar, while NZ outlook and releases weigh.
USD/CNH retains bearish bias, with focus shifting to 6.7500 and resistance at 6.7800

Written on June 3, 2026 at 4:13 am, by josephine
USD/CNH edged higher but tone softened; bearish bias persists, targeting 6.7500, with 6.7800 key resistance.
EUR/USD Steadies as Oil and Geopolitics Support Dollar Ahead of US Jobs Data

Written on June 3, 2026 at 4:09 am, by josephine
EUR/USD steadied near 1.1630 as oil and geopolitics supported dollar; focus shifts to NFP, Fed, ECB.
OCBC Cuts Rupiah Forecasts as Policy Uncertainty Mutes Impact of Bank Indonesia Rate Rise

Written on June 3, 2026 at 3:47 am, by josephine
OCBC cuts IDR forecasts despite BI’s 50bp hike, citing policy uncertainty, high oil, and strong yields.
API data show US crude inventories fall 6.75m barrels, outpacing forecasts as summer demand builds

Written on June 3, 2026 at 3:38 am, by josephine
API reports US crude stocks fell 6.75m barrels, beating forecasts, signaling tighter supply and boosting bullish summer outlook.
DBS lifts 2026 USD/PHP view as oil shock widens deficits and inflation squeezes BSP

Written on June 3, 2026 at 3:10 am, by josephine
DBS lifts 2026 USD/PHP forecast to 62.7 as oil shock drives inflation, deficits, and peso weakness.
Dollar firms as JOLTS beats forecasts; euro subdued, yen weak and gold steady under higher yields

Written on June 3, 2026 at 3:09 am, by josephine
Dollar firms on strong jobs data; EUR pressured, yen weak; gold flat, oil range-bound amid mixed demand.
MUFG Sees AI-Led Chip Exports Supporting Asia, Keeping Bank of Korea Hawkish on Sticky Rates

Written on June 3, 2026 at 2:39 am, by josephine
MUFG: AI semiconductor exports and hawkish Bank of Korea support KRW, offset Hormuz risks; USD/KRW targets 1400.
Argentina’s May tax receipts jump to 21.5 trillion pesos, bolstering fiscal outlook and asset appeal

Written on June 3, 2026 at 2:38 am, by josephine
Argentina’s May tax revenue jumped to 21.5 trillion pesos, reinforcing fiscal improvements and supporting bullish Argentina trades.