Overnight, US Dollar (USD) bounced after prelim PMIs surprised to the upside. But gains were retraced in the morning, alongside the pullback in UST yields.…
USD/JPY continued to trade lower, tracking USD and UST yields lower. Last at 142.55 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. USD/JPY…
USD/JPY extended its decline following the broad decline in USD. USD/JPY was last at 143.74 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.…
Australian Dollar (AUD) fell post-dovish RBA yesterday. AUD last at 0.6445 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Daily momentum is not…
Gold has continued to trade with a heavy bearish bias as tariff de-escalation momentum gained pace, while Fed cut expectations was scaled back in terms…
USD/JPY continued to trade lower. Pair was last at 145.91 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Bullish momentum on daily chart…
There was quite a bit of volatility in FX markets overnight, with USD declining at first, in response to the Bloomberg headline that US discussed…
US Dollar (USD) short squeeze gained traction and broadened against more currencies from safe haven to procyclical FX. MYR, Gold, JPY and THB led losses.…
Euro (EUR) drifted lower after rising to >3Y high of 1.1570 levels last week. De-escalation in tariff angst somewhat slowed USD’s decline and helped to…
Relative calm continues to be observed this week amid Trump’s de-escalation. Trump continued to speak about how his administration was talking to China about trade…