OCBC's strategists Sim Moh Siong and Christopher Wong keep a neutral stance on the US Dollar (USD), expecting a firm but rangebound USD profile as resilient US growth and sticky inflation support the currency. A potential US–Iran deal that reopens Hormuz is seen as USD-neg
Here is what you need to know on Tuesday, June 2: The action in financial markets quiet down early Tuesday as investors take a step back to assess the latest developments in the Middle East. In the European session, the Eurostat will publish the preliminary May Harmonized
Philip Morris revises EPS guidance due to impairment charge Philip Morris International has cut its 2026 full-year reported diluted EPS guidance. The revision is due to a $500M non-cash impairment charge at its Canadian affiliate. The updated currency forec
Commerzbank’s Volkmar Baur reports that Australian exports fell 2% year-on-year in March, with iron ore shipments down about 18% due to a pricing dispute with a Chinese state-owned buyer. He notes that the current account deficit has widened sharply and, given Australia’s
Cathie Wood’s firm increased Nvidia exposure while cutting Advanced Micro Devices positions in its flagship funds as of June 1. ARK Invest purchased additional Nvidia shares across its flagship funds on June 1, marking its largest transaction of the day. The move boosts ex
EUR/JPY rises after a flat previous day, trading around 186.00 during the early European hours on Tuesday. The Euro gains ground against the Japanese Yen (JPY) as traders increasingly price in a hawkish stance from the European Central Bank (ECB), driving the currency cros
The exchange will delist AXL/BTC, CRV/BTC, and five other pairs on June 5 due to low liquidity and trading volume. Binance will delist seven spot trading pairs, including AXL/BTC, CRV/BTC, EGLD/BTC, OPN/BNB, POL/ETH, QTUM/USDC, and SKY/BTC, at 03:00 UTC on June 5. The deci
Markets increasingly price out a June Federal Reserve rate cut, lifting USD and pressuring JPY amid persistent geopolitical tensions and strong US data. The Japanese yen extended losses against the US dollar as traders scaled back bets on a June Federal Reserve rate cut. T
Japanese Yen: Stays weak against dollar, losses capped below 159.95 – UOB UOB’s Quek Ser Leang and Lee Sue Ann notes USD/JPY climbed to 159.76 on Monday, closing at 159.65 with firmer upward momentum. Intraday, they see room for further gains but doubt a clear break above
Swiss Franc trims losses amid steady trade surplus The Swiss Franc is picking up against the US Dollar, trimming Monday’s losses. The USD/CHF pair trades at the 0.7850 area, down from 0.7884 highs in the previous session. The moderate improvement in market
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