Economists overwhelmingly expect a 25 basis point hike this week, with further tightening likely by year-end amid persistent inflation. The Bank of Korea is poised to raise its benchmark interest rate by 25 basis points to 2.75% on Thursday, marking its first hike in over
PBOC to set daily USD/CNY rate at 6.7927 The People’s Bank of China sets the daily USD/CNY reference rate to guide market expectations. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours.
USD/JPY recovers to pre-Katayama levels The yen's sharp initial rally has fully unwound, with USD/JPY moving back above 162. This reversal suggests the initial move was driven by speculative extrapolation rather than confirmed detail. The GPIF's basic allocation fra
New Zealand firms report higher costs and pricing intentions despite improved confidence, complicating RBNZ policy decisions. New Zealand business confidence rebounded to a net 8% in the second quarter, up from -4% in March, according to the latest survey. The improvement
Sterling falls against the dollar after Trump imposes a 20% transit fee on Hormuz shipping and a Fed official signals potential rate hikes. GBP/USD dropped to 1.3349 on Monday, retreating from its 200-day EMA near 1.3400 as broad USD demand weighed on the pair. The decline
The UAE plans a 2 billion dollar port expansion to bypass the Strait of Hormuz amid recurring closure risks and trade disruptions. The United Arab Emirates is developing a new port at Fujairah to create an alternative shipping route that avoids the Strait of Hormuz. The pr
Geopolitical risks in the Strait of Hormuz drive the US Dollar Index up 0.3% amid surging oil prices and heightened safe-haven flows. The US Dollar Index climbed 0.3% to near 101.30 on Tuesday, fueled by escalating US-Iran tensions in the Strait of Hormuz. President Donald
Trump administration enforces Iran blockade and 20% shipping toll, sending WTI crude up $6.24 and US 2-year yields to one-year highs. The US announced a full blockade on Iran and a 20% toll on Strait of Hormuz shipping, triggering a near-10% surge in WTI crude to $77.64. G
Bank Negara Malaysia maintains its overnight policy rate amid cautious global outlook and projected 4–5% growth range. Bank Negara Malaysia left its overnight policy rate unchanged at 2.75% for a sixth consecutive meeting, citing persistent global risks. The decision align
NZD/USD down 0.12% amid rising tensions The New Zealand Dollar declined during Monday's North American session, falling 0.12% against the USD. The decline came as the Greenback posted gains versus most G8 FX currencies. The NZD/USD trades at 0.5754, down fr
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