Forex

The USDSGD currency pair is bound in a range on expectations of the US ISM services PMI and the non-farm payrolls report, scheduled for later today and Friday respectively.

Key points: The dollar gained strength due to rising U.S. Treasury yields, affecting low-yielding currencies like China’s yuan and Japan’s yen. The yen hit its lowest level since 1986 against the dollar, sparking concerns of potential intervention by Japanese authorities. …

Key points:  The US dollar index fell following PCE inflation data showing unchanged prices in May.  Markets shift focus to the upcoming nonfarm payrolls report for further market direction. Market expectations for Fed rate cuts this year increased after inflation …

Key points: Euro gains after France’s election, reflecting reduced fears of far-right fiscal policies. Yen declines as Japan’s revised economic data show a larger contraction. On Monday, the euro rose following the first round of France’s snap election, which put …

Key points:  The Mexican peso weakens to 18.4 per USD, nearing 15-month low of 18.75.  Banxico maintains interest rates at 11% with rising inflation.  Unemployment drops to 2.6%, trade surplus at $1.99 billion.  The Mexican peso weakened to 18.4 per …

Key points: Rupee poised to open slightly higher, supported by bond inflows. U.S. Treasury yields reach near two-week high, posing challenges for Asian currencies. The Indian rupee is anticipated to open slightly higher on Thursday, driven by expected inflows from …

Key points:  The Japanese yen remains near a 38-year low, hovering around 160 per dollar, raising concerns of possible intervention by Japanese authorities.  US dollar strength continues as markets are in anticipation of its inflation data.  This article is a follow-up …

Key points Australian dollar rises 0.4% to $0.6675 Annual inflation jumps to 4.0% in May, above forecasts Market prices in higher probability of rate hike The Australian dollar surged higher on Wednesday after data revealed that inflation accelerated much more …

Key points: Yuan dropped to 7.2630 in morning trade, its lowest since November PBOC set the midpoint rate at 7.1225 per dollar, the weakest since November China’s yuan eased to a fresh seven-month low against the dollar on Tuesday, signaling …

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. …