OCBC’s Sim Moh Siong and Christopher Wong highlight that recent AI-related equity weakness has boosted safe-haven demand and supported the Dollar. They now forecast EUR/USD at 1.11 and USD/JPY at 163 by year-end, revising up their US Dollar (USD) outlook from rangebound to
USD/JPY trades at 161.75, approaching 1984 highs, as analysts urge intervention to curb speculative pressure on the yen. The yen hovers near 161.75 against the dollar, a level unseen since 1984, as markets test Japan’s resolve to defend its currency. Analysts argue the Min
USD strengthens as market prices in 38 bps of tightening by year-end The US dollar continues to be supported following the hawkish Fed dot plot last week. The central bank's tightening bias led to a hawkish repricing in interest rate expectations, with the market n
The US Dollar Index climbs to its highest level since July 2022 as traders price in prolonged Federal Reserve tightening. The US Dollar Index (DXY) extended gains for a third straight session, trading above 101.50 and touching 101.60 in European trading. The move marks a 1
Speculation of joint US-Japan currency intervention rises after officials signal alignment on forex policy and potential bold steps. USD/JPY remains below its July 2024 high of 161.95 as market participants weigh rising intervention risks from Japanese authorities. The yen
Dow Jones futures fall 0.13% near 52,000 Dow Jones futures slipped 0.13% to trade near 52,000 during European hours on Wednesday, driven by hawkish sentiment surrounding the Fed outlook. The decline in Dow Jones futures contrasts with the performance of S&P 500 and Na
National Bank of Hungary lowers base rate to 6.00% and hints at deeper cuts, targeting 4.50% as inflation projections fall. The National Bank of Hungary reduced its base rate by 25 basis points to 6.00%, matching market expectations. The move follows a dovish shift in forw
The Euro falls for a third day against the USD as markets price a 71% chance of a Fed rate increase in September. The Euro declined 0.25% to 1.1350 against the US Dollar in European trading, extending a three-day losing streak. The move follows heightened expectations of a
Analysts flag oversold conditions but see risk of AUD/USD breaking below 0.6900 toward 0.6835. The Australian dollar fell 1.22% against the US dollar to 0.6908, marking a sharp intraday selloff. The move leaves the currency pair deeply oversold but still vulnerable to furt
UOB analysts warn the Australian dollar remains under pressure after a sharp 1.22% selloff, targeting 0.6835 if resistance holds. The Australian dollar plunged 1.22% to 0.6908 against the US dollar in a sudden selloff, leaving the pair deeply oversold but still biased lowe
ادخل بحساب جوجل لمشاركة رأيك والتفاعل مع الأخبار — بلا كلمة مرور.
إيميلك يبقى موثّقاً وخصوصيتك محفوظة.