The bank raises its forecast due to global risk-off sentiment and oil price uncertainty impacting emerging market currencies. Commerzbank revised its near-term EUR/PLN forecast to 4.30 from 4.20, citing heightened global risk aversion and oil price volatility. The zloty fa
The dollar edges lower against the Swiss franc ahead of July’s NFP report, with analysts forecasting a modest payrolls increase of 65k. The US dollar weakens against the Swiss franc, with the USD/CHF pair retreating toward 0.8100 after failing to hold above 0.8136. Despite
XAG/USD rises sharply on Friday, reversing recent losses amid a weaker dollar and shifting investor demand for precious metals. Silver prices surged 4.6% to $64.34 per troy ounce on Friday, recovering from Thursday’s close of $61.52. The rally narrowed the Gold/Silver rati
Danske Bank projects July nonfarm payrolls at 70k, with unemployment unchanged and wage growth moderating amid solid labor conditions. US nonfarm payrolls are expected to rise by 70k in July, while the unemployment rate holds at 4.2% and average hourly earnings increase 0.
OCBC’s Sim Moh Siong and Christopher Wong note the Swiss Franc (CHF) remains under pressure as carry trade funding demand grows and recent Japanese Yen (JPY) intervention reinforces CHF’s role as a preferred funding currency. With inflation subdued, policy rates likely anc
Analysts highlight a potential rally in the Australian dollar if it surpasses 0.7075 against the US dollar. The Australian dollar faces upside risk if it breaks above 0.7075 against the US dollar, according to recent analysis. AUD/USD retreated to 0.7032 after failing to c
Analysts see potential upside for the Australian dollar if it sustains a move above 0.7075 against the USD. The Australian dollar has retreated to 0.7032 after failing to break above 0.7075 against the USD, with intraday trading expected to remain range-bound between 0.701
Markets doubt sustained policy support after Tokyo and Washington fail to reinforce initial currency intervention efforts. The Japanese Yen (JPY) has weakened against major currencies this week, posting its largest losses versus the US Dollar amid no further joint interven
NZD/USD consolidates above 0.5860 ahead of US NFP report The NZD/USD pair is seeing mixed trading as investors await the US Nonfarm Payrolls report. The pair is holding above the 0.5860 level, which is the lower end of its weekly range. The Reserve Bank of New Ze
The yen weakened after initial strength from joint US-Japan intervention, raising speculation of further policy action. The USD/JPY pair climbed to 158.39 on Friday, erasing some of the yen’s earlier gains following coordinated intervention by Japanese and US authorities.
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