Forex

Key points:  USD/SGD slips 0.1% to 1.3472 during the Asian session.  Market focus on the Conference Board’s consumer confidence data for May.  Technical support at 1.3400 and resistance at 1.3500.  During the Asian trading session, the USDSGD pair edged lower, …

Key points:  Australian dollar appreciates past $0.665, marking a three-day winning streak.  Domestic inflation figures and cautious retail sales data influence interest rate outlook.  Market bets on the Reserve Bank of Australia maintaining high rates longer.  The Australian dollar (AUD) …

Key points: PBOC sets the midpoint rate at 7.1101 per U.S. dollar. Onshore yuan opened at 7.2425 per dollar, midday at 7.2461, weaker by 11 pips. On Tuesday, China’s yuan slipped slightly as traders remained cautious ahead of key inflation …

Key points The Indian rupee opens little changed, with a focus on speculative flows. U.S. core PCE inflation data and Fed policy outlook remain crucial for global markets. The Indian rupee is expected to open steady on Tuesday, influenced by …

Key points: Dollar supported by interest rate expectations and mixed U.S. economic data. Euro and yen trading in tight ranges, awaiting key inflation readings. The dollar started the week on a firm note as traders awaited crucial inflation data from …

Key Points:  The Central Bank of Turkey (CBT) kept the policy rate at 50%, in line with expectations.  CBT maintains a tightening bias, indicating further hikes may be necessary if inflation persists.  Forex reserves have improved, leading to increased Turkish …

Key points: Dollar heads for its largest weekly rise in over a month. U.S. business activity hits a two-year high, influencing interest rate expectations. The dollar surged this week, marking its largest weekly rise in over a month. Surprisingly strong …

Key points: The pound held at $1.2722, near a two-month high after inflation data and election announcement. British inflation rose by 2.3% annually in April, nearing the Bank of England’s target but slowing less than expected. The British pound held …

Key Points:  Fed officials indicated a willingness to raise rates again if inflation persists.  The Fed maintained its benchmark interest rate at 5.25%-5.5%.  The US Dollar Index (Symbol: USDX) strengthened on hawkish Fed minutes.  Market reactions include a drop in …

Key points: The Bank of Korea will hold the base rate at 3.50% on May 23. A half-point rate cut is expected in Q4 2024 after potential policy easing from global peers. The Bank of Korea (BOK) will keep its …