OCBC strategists cite easing oil prices and potential geopolitical progress as drivers for recent gains in Asian foreign exchange markets. Asian currencies have strengthened in a relief rally, fueled by declining oil prices and optimism over a potential US-Iran agreement.
OCBC strategists Sim Moh Siong and Christopher Wong characterize recent moves in Asian FX as a relief rally driven by lower Oil and hopes of a US–Iran deal. They stress that any agreement and normalization of flows through the Strait of Hormuz remain uncertain
The Australian Dollar strengthens as geopolitical easing boosts risk appetite, outperforming most peers except the New Zealand Dollar. The Australian Dollar (AUD) advanced against major currencies during European trading hours, driven by risk-on sentiment amid easing US-Ir
The Australian Dollar (AUD) trades higher against its major currency peers, except the New Zealand Dollar (NZD), during the European trading session on Thursday.
Authorities appear to have intervened again to prop up the yen after its recent sharp decline against the dollar. Japan may have spent $32 billion in a fresh round of yen-buying intervention to stem the currency’s slide. The move follows persistent weakness in the yen, whi
AUD/USD: Break above 0.72 highlights risk-on rotation – DBS Philip Wee at DBS Group Research points out that the Australian Dollar (AUD) has been a key beneficiary of the risk-on shift. AUD/USD broke above 0.72 after the Reserve Bank of Australia (RBA) signalled a pause fo
Philip Wee at DBS Group Research points out that the Australian Dollar (AUD) has been a key beneficiary of the risk-on shift. AUD/USD broke above 0.72 after the Reserve Bank of Australia (RBA) signalled a pause following three consecutive rate hikes
Eurozone Retail Sales decline moderately by 0.1% MoM in March vs. 0.3% estimates Eurozone Retail Sales, a key measure of consumer spending, decline by 0.1% month-on-month (MoM) in March, while it was expected to contract steadily by 0.3%. February’s figure was revised lowe
Eurozone Retail Sales, a key measure of consumer spending, decline by 0.1% month-on-month (MoM) in March, while it was expected to contract at a steady pace of 0.3%. February’s figure revised lower from -0.2%
The US Dollar Index falls for a second day, approaching 97.50 as traders weigh Fed policy and economic data. The US Dollar Index (DXY) declined for a second consecutive session, trading near 97.90 in European hours as selling pressure intensified. The gauge, which tracks t
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