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MUFG expects MAS to hold July policy with tightening bias, supporting SGD; traders eye USD/SGD downside.
Emerging markets weather energy shock; Asia diversifies fuel, AI boosts exports, but growth slows and volatility rises.
Chinese banks halt retail paper gold trading, tightening Asian liquidity and intensifying divergence between Western derivatives and physical prices.
Oil at $95 strains Asia importers, but strong buffers limit crisis risk; watch KRW/TWD outflows, reserves.
US futures dip as Alphabet boosts 2026 capex; Asian chips rally; Brent nears $100, spurring hedging.
South Korea’s Q2 GDP rose 0.6%, beating forecasts, boosting won outlook, yields, and tech-heavy equities.
Exports surged 52.3% in July; BoK raised rates to 2.75%. Strategy: short USD/KRW, bullish KRW.
UOB sees USD/CNH consolidating near 6.7635–6.7755; downside bias persists toward 6.7600, capped by 6.7820 level.
MUFG warns Section 122 expiry may revive tariff uncertainty via Section 301, boosting FX volatility, especially USD/Asia.
US, European stocks fell on geopolitical uncertainty and higher yields; Asian markets rebounded, led by Korea.
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