Forex

14 June 2024
Yen cautious before BOJ meeting; Euro falters with weekly loss in sight

Key points: Yen shows minor weakness ahead of the BOJ policy decision. Euro faces weekly decline amid political turmoil in France. On Friday, the yen was on the defensive as traders awaited the Bank of Japan’s policy decision, while the …

13 June 2024
Thai inflation target review could pave way for rate cuts 

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 …

13 June 2024
Japan’s Nikkei falls after initial gains ahead of BOJ policy decision

Key points: Nikkei fell 0.12% by midday, after earlier gains BOJ expected to keep interest rates steady and consider balance sheet reduction Japan’s Nikkei index reversed its early gains on Thursday, ending the morning session down 0.12% to 38,831.36. This …

13 June 2024
South Korean shares gain over 1% on Wall Street rally; Chipmakers shine

Key points: KOSPI rises as foreigners become net buyers Korean won strengthens against the dollar South Korea’s benchmark bond yield falls South Korean shares saw a strong rise of more than 1% on Thursday, following a rally on Wall Street. …

12 June 2024
Japanese yen hovers at lows with hotter producer inflation and BOJ speculations 

Key Points:  Japanese yen holds around 157.2 per dollar, despite stronger-than-expected producer inflation.  Producer prices in Japan rose 2.4% year-on-year in May 2024, the highest since August last year.  The market awaits the policy decision of the Bank of Japan …

11 June 2024
Asian assets cautious ahead of US CPI data and Fed meeting

Key points: Indonesian rupiah at lowest level in 4 years Taiwan stocks jump to a record high US CPI data and Fed policy meeting due on Wednesday Emerging Asian markets were finely balanced on Tuesday as traders awaited the release …

11 June 2024
Aussie and kiwi weaken as U.S. risk events loom

Key points: Australian and New Zealand dollars slip ahead of Fed meeting and U.S. inflation data. Support for Aussie dollar at $0.6580 and kiwi dollar at $0.6080. The Australian and New Zealand dollars faced pressure on Tuesday as traders prepared …

10 June 2024
Indonesian Rupiah hits 4-year low; Other Asian forex dip before key data

Key points: Indonesian Rupiah reaches a four-year nadir, influencing broader trends in emerging Asian currencies. Jakarta stocks descend to their lowest point since November 2023, amid regional market pressures. The Indonesian Rupiah marked a new four-year low on Monday, declining …

10 June 2024
Euro hits one-month low following Macron’s snap French election call

Key points: Euro drops sharply due to political uncertainties in France and a strong U.S. job report. Dollar strengthens, supported by expectations of delayed rate cuts by the Federal Reserve. The Euro experienced a decline, reaching a one-month low, as …

6 June 2024
ECB set to cut interest rates following inflation confidence in inflation data 

Key points:  ECB expected to announce a 25-basis point interest rate cut on Thursday, the first since 2019.  EURUSD is likely to face downward pressure with such a dovish stance from the ECB.  The European Central Bank (ECB) is poised …

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