Yen Gives Back Half of Post-Intervention Gains as Market Tests Tokyo’s Resolve
The Japanese yen has surrendered approximately half of the ground it gained after Tokyo’s recent intervention in the foreign exchange market, raising questions
Forex News
Forex News
Australian Dollar Retreats as Investors Brace for Inflation Expectations Data
The Australian Dollar pulled back against its major counterparts in early trading on Tuesday, as market participants turned cautious ahead of upcoming inflation
Forex News
Indonesia’s BI Leadership Transition Bolsters Rupiah, DBS Says
DBS Group Research has stated that Indonesia’s central bank leadership succession is a supportive factor for Rupiah stability, easing market concerns about policy
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GBP/JPY Price Forecast: 50-day SMA Caps Sideways Trading, but Risks Remain
The GBP/JPY currency pair is trading sideways as the 50-day simple moving average (SMA) continues to cap upside moves, with the pair hovering
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Italy Inflation Rises to 2.9% in July, Exceeding Forecasts
Italy’s consumer price index (CPI) rose 2.9% year-on-year in July, exceeding the 2.8% forecast and accelerating from 2.6% in June, according to preliminary
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Asia FX: Oil Rebound Heightens Vulnerability for Importers, Says OCBC
The recent rebound in oil prices is increasing vulnerability for Asian currency importers, according to a note from OCBC Bank, as higher energy
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Indonesian Rupiah Under Pressure as Weak Fundamentals Meet Global Risk Aversion
The Indonesian rupiah continues to face significant selling pressure as weak domestic fundamentals and heightened global risk aversion weigh on the currency, according
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Indian Rupee Faces Upside Risk from CPI and RBI Repo Rate Path, Says MUFG
The Indian Rupee (INR) faces a risk of further depreciation as inflation and the Reserve Bank of India’s (RBI) repo rate trajectory skew
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Yuan Pressured as Credit Softness Raises PBoC Easing Bets: Commerzbank
The Chinese yuan faces renewed depreciation pressure as signs of softening credit demand increase the likelihood of monetary easing by the People’s Bank
Forex News
Euro Pulls Back From Two-Day High as Markets Digest Soft US CPI
The euro reversed from a two-day high against the US dollar on [Date], fading the initial move following softer-than-expected US inflation data, as