Commerzbank highlights that Bank Negara Malaysia kept the OPR at 2.75% but shifted to a more hawkish bias, removing language that policy is "appropriate" and signalling vigilance on cost pressures. Strong growth and benign inflation allow patience, … [Continue reading]
USD/CHF Price Forecast: NFP rally stalls at 0.8100, retraces
The USD/CHF registers modest gains of over 0.30% as the Greenback is boosted by a solid US Nonfarm Payrolls report, pushing the pair above the 50-day Simple Moving Average (SMA) to reach a daily high of 0.8126. At the time of writing, trades at … [Continue reading]
Indonesian Rupiah: Two-way risks around support levels – OCBC
OCBC’s Christopher Wong notes that USD/IDR has pulled back as a softer Dollar and lower UST yields support the Indonesian Rupiah. He highlights Bank Indonesia Governor Destry Damayanti’s emphasis on a stability-first approach, prioritizing Rupiah and … [Continue reading]
Chinese Yuan: Services PMI rebound keeps PBoC cautious – Commerzbank
Commerzbank says China’s August Services PMI rebound highlights some resilience in private-sector activity, but weak retail sales, soft inflation and higher unemployment still point to fragile domestic demand. The stronger PMI reduces the urgency for … [Continue reading]
Sterling’s rally stalls as US jobs data reopens Fed debate
The Pound Sterling (GBP) retreats some 0.09% against the US Dollar (USD) on Friday as the latest US inflation report reaffirmed Federal Reserve (Fed) Chair Kevin Warsh's view that the labor market is “consistent with full employment.” GBP/USD trades … [Continue reading]
CFTC Report: Oil rebound offsets broader positioning retreat
The week in one sentence: Speculative positioning became more defensive in the week ending September 1. Yen short positioning recorded the largest deterioration, while Gold length also retreated. Oil buying returned alongside stronger prices, and … [Continue reading]
Malaysia: Hawkish pause keeps options open – DBS
DBS Group Research economist Chua Han Teng notes that Bank Negara Malaysia (BNM) held the Overnight Policy Rate at 2.75% while dropping language that the current level is appropriate. DBS expects rates to remain unchanged through 2026 but sees risks … [Continue reading]
Indian Rupee: Dollar inflows support INR but impulse may fade – OCBC
OCBC’s Christopher Wong notes that strong foreign-currency inflows linked to the RBI’s special measures have bolstered the Indian Rupee (INR) and strengthened the central bank’s FX buffer. However, with the FCNR(B) window now closed, the exceptional … [Continue reading]
Eurozone: Inflation above target into 2027 – Nordea
Nordea expects Eurozone inflation dynamics to stay persistent, with headline inflation projected above the ECB’s target at least until spring 2027. They see recent data as slightly weaker than the ECB’s June projections, partly due to soft food … [Continue reading]
Ethereum Price Forecast: ETH tumbles as rate hike bets rise
Ethereum (ETH) is correcting lower toward support at $2,400 on Friday as volatility rises in the broader cryptocurrency market. The largest smart contract token faced rejection after rising to $2,546 earlier, hinting at profit-taking and investors … [Continue reading]