Dollar

Key points:  The personal consumption expenditures index (PCE) will be announced on Friday.  If the PCE data for May shows price pressures eased from April’s 2.8% clip, this will increase the probability of interest rate cuts this year.  The US …

Key points: Indian rupee expected to open weaker after US business activity rise. Dollar index climbs to 105.84, impacting rupee performance. The Indian rupee is likely to face pressure at the start of the week following a rise in U.S. …

With a strong US dollar in the backdrop, the USDCNH currency pair is seeking to break above 7.30, despite efforts from the PBOC to counterbalance the US dollar.

Key points:  The Monetary Authority of Singapore (MAS) is expected to maintain its stable monetary policy stance until 2025 due to persistent core inflation.  The economy of Singapore showed resilience in Q1 2024, primarily driven by the services sector.  While …

Key points: The Australian dollar hits a 17-year high against the yen and a one-year top on the euro. The Reserve Bank of Australia (RBA) holds rates steady at 4.35% while warning of potential inflation risks. The Australian dollar experienced …

Key points: Sterling last bought $1.2719 Dollar slipped 0.05% against the yen to 157.99 Euro rose 0.03% to $1.0747 The British pound held broadly steady on Thursday as the market awaited the Bank of England’s (BoE) rate decision. The dollar, …

Key points:  USD/JPY pair surged as the Bank of Japan leaves interest rates unchanged.  Lack of forward-looking guidance leads to a sharp decline of the Japanese yen.  Bank of Japan to begin reducing its ¥6 trillion monthly bond-buying program.  This …

Key points:  The US dollar index rises to the 105.50 price level.  Retail sales data for May 2024 expected to match the 0.2% annual growth of April 2024.  Steady interest rates and lower inflation support the strength of the US …

Key points: Australian and New Zealand dollars reach multi-month highs against the euro. Political uncertainty in Europe boosts demand for safe-haven assets, impacting bond yields. On Friday, the Australian and New Zealand dollars dipped slightly against the safe-haven U.S. dollar …

Key points:  Bank of Thailand to review inflation target range.  Prime Minister Srettha Thavisin suggests the review will increase the likelihood of a rate cut.  Bank of Thailand leaves interest rate unchanged for the fourth consecutive meeting.  The Bank of …