UOB forecasts the yuan to strengthen further against the dollar if the 6.7640 resistance level remains unbroken. The USD/CNH pair is expected to trade within a narrow range of 6.7500 to 6.7620 intraday, with upward momentum showing signs of weakness. UOB analysts note that
Vietnam’s trade deficit widened to USD 3.6 billion in July, but easing inflation supports currency stability, analysts say. Vietnam’s inflation rate eased to 4.5% year-on-year in July, aligning with the central bank’s 4.5% target. The cooling price pressures come despite a
Vietnam’s trade deficit widened to USD 3.6 billion in July, exceeding consensus, but the dong remains stable amid strong FDI inflows. Vietnam’s trade deficit expanded to USD 3.6 billion in July, up from USD 2.6 billion in June, driven by surging imports of energy and capit
US June factory orders decline 0.3% versus 0.2% expected US factory orders for June decreased by 0.3%, missing the expected increase of 0.2%. This decline is attributed to lower-than-anticipated demand. The US International Trade balance for June was -$73.3B, slight
The Pound shows minimal volatility against the Dollar, reflecting broader risk sentiment rather than domestic factors. The British Pound traded near 1.3450 against the US Dollar on Tuesday, rising just 0.11% within a 36-pip range, marking its second sub-40-pip session in a
Reports of imminent Strait of Hormuz reopening weigh on oil prices while softer US labor demand pressures the USD near 99.90. Oil prices extended losses Tuesday on reports the Strait of Hormuz could reopen within hours, easing supply disruption fears. Al Arabiya and Al Had
UOB analysts note the Singapore dollar’s decline has stalled, with USD/SGD range-bound unless it breaks key support at 1.2790. USD/SGD’s recent downside momentum has faded after testing 1.2790, recovering to 1.2827, according to market analysis. The pair is now expected to
USD/MXN falls to 17.26 as US-Iran talks ease Strait of Hormuz shipping risks, reducing global inflation concerns. The Mexican Peso strengthened to a one-month high against the US Dollar on Tuesday, with the USD/MXN pair dropping to 17.26. The rally follows speculation that
USD/MXN falls to 17.26 after reports of a potential US-Iran deal ease energy price pressures and lift emerging market currencies. The Mexican Peso climbed to its highest level in a month as speculation over a US-Iran agreement to reopen the Strait of Hormuz weighed on ener
Sterling trades around long-term moving averages with technicals suggesting potential gains toward 1.3560 amid stable ranges. The British pound remains modestly stronger against the US dollar, trading near key long-term moving averages around 1.34. Scotiabank’s analysis hi
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