The New Zealand Dollar (NZD) turns negative on Friday, down 0.11% against the US Dollar (USD), in a week that saw the Federal Reserve's (Fed) first rate hike in three years, which underpinned the Greenback against most G8 FX currencies. The NZD/USD … [Continue reading]
Malaysian Ringgit: External pressure but scope for reversal – OCBC
Christopher Wong at OCBC writes that the Malaysian Ringgit weakened during Thursday’s Asian session on a firmer US Dollar and higher US Treasury yields after the FOMC, with USD/MYR briefly trading above 4.10 in an orderly move. He notes some pressure … [Continue reading]
Silver Price Forecast: Mild bullish bias holds, but trend strength stays weak
Silver (XAG/USD) trades on the front foot on Friday as the US Dollar reverses its intraday gains, with traders booking profits following the Greenback’s strong weekly advance. At the time of writing, XAG/USD trades around $66.76, its highest level … [Continue reading]
European Central Bank: Quarterly hikes still baseline – Nordea
Nordea’s team sees the European Central Bank delivering two more 25bp rate hikes, in December and March 2027, despite more aggressive market pricing. They note higher energy costs and Middle East risks but still view a gradual, quarterly hiking path … [Continue reading]
Why Bitcoin’s over 30% rebound doesn’t mean the bear market cycle is done
Bitcoin (BTC) has staged a strong recovery after falling to a yearly low of $57,800 in July, gaining nearly 33% and recording two consecutive months of gains in July and August.But despite that rebound, Bitcoin remains around 40% below its all-time … [Continue reading]
Swiss Franc gains ground as easing US Yields pressures Greenback
USD/CHF extends its losses for the second successive day, trading around 0.8230 during Asian hours on Friday. The pair depreciates as the US Dollar (USD) faced challenges from falling oil prices, which helped ease broader inflation concerns.Easing … [Continue reading]
Bank of Japan is set to raise interest rates as inflation pressures build
The Bank of Japan’s (BoJ) monetary policy meeting will close a week packed with central bank decisions on Friday, with markets particularly interested in confirming expectations of a hawkish shift that has boosted a strong Japanese Yen (JPY) recovery … [Continue reading]
Thai Baht: Electronics boom offers limited FX support – MUFG
MUFG’s Lloyd Chan remains cautious on the Thai Baht, keeping the USD/THB forecast at 34.00 by year-end. The report argues that Thailand’s electronics export boom is offset by deteriorating terms of trade, weak GDP growth, low Bank of Thailand rates, … [Continue reading]
XRP holds EMA support but soft derivatives cap recovery
Ripple (XRP) remains in bearish hands on Thursday, trading near $1.30 while bulls defend a short-term moving average support cluster. Since Monday’s uptick to $1.50, the token has continued to face headwinds, primarily because the United States (US) … [Continue reading]
Indian Rupee finds interim support from RBI’s intervention
The Indian Rupee (INR) finds some buying interest against the US Dollar after a weak opening on Thursday. According to a Reuters report, the Indian central bank has likely intervened to limit the decline in the Indian Rupee. The report also showed … [Continue reading]