Key points: Upcoming US inflation data including first-quarter gross domestic product (GDP) and the personal consumption expenditures (PCE) price index report will be released later this week. These reports are crucial in revealing inflation trends and can change the …
Key points: Yuan dropped to 7.2630 in morning trade, its lowest since November PBOC set the midpoint rate at 7.1225 per dollar, the weakest since November China’s yuan eased to a fresh seven-month low against the dollar on Tuesday, signaling …
Key points: The personal consumption expenditures index (PCE) will be announced on Friday. If the PCE data for May shows price pressures eased from April’s 2.8% clip, this will increase the probability of interest rate cuts this year. The US …
Bank Indonesia (BI) signals that there is no necessity for rate hikes despite the decline of the IDR to 2020 lows. Explore how BI will stabilise and manage inflation.
Key points: Indian rupee expected to open weaker after US business activity rise. Dollar index climbs to 105.84, impacting rupee performance. The Indian rupee is likely to face pressure at the start of the week following a rise in U.S. …
Key points: Chicago wheat futures fell to $5.73-1/2 a bushel, the lowest since April. The U.S. dollar’s strength is impacting wheat, corn, and soybean prices. Chicago wheat futures experienced a dip to their lowest point since April, driven by a …
With a strong US dollar in the backdrop, the USDCNH currency pair is seeking to break above 7.30, despite efforts from the PBOC to counterbalance the US dollar.
Key points: The Monetary Authority of Singapore (MAS) is expected to maintain its stable monetary policy stance until 2025 due to persistent core inflation. The economy of Singapore showed resilience in Q1 2024, primarily driven by the services sector. While …
Copper prices dipped with a stronger dollar but are set for the first weekly gain in five weeks. Increased physical demand offers support as markets stabilise.
Gold on track for its second straight weekly gain. Weak U.S. economic data boosts Fed rate cut expectations. Gold prices remained stable on Friday, maintaining momentum for a second consecutive weekly gain. This trend is driven by weak economic data …
