West Texas Intermediate (WTI) oil price remains steady after registering modest gains in the previous day, trading around $77.50 per barrel during the Asian hours on Friday.
ING economists Deepali Bhargava and Lynn Song highlight a sharp 8% drop in USD/KRW earlier in the second quarter, driven by temporary flows such as Hynix ADR repatriation and National Pension Service hedging adjustments, alongside a hawkish Bank of Korea (BoK) hike.
ING economists Deepali Bhargava and Lynn Song warn that upside inflation risks are re-emerging for the Philippine Peso (PHP), driven by recovering Oil prices and expectations of a strong El Niño that could spark a food-price shock. Rising global rice and fertiliser prices add to pressures.
The St. Louis Fed President, Alberto Musalem, stressed that “inflation is too high” and that it’s “critical” that monetary policy focuses on bringing down inflation.
The Mexican peso extends its rally to 10 straight days, gaining over 0.12% on Thursday after the Bank of Mexico (Banxico) left interest rates unchanged. At the time of writing, the USD/MXN exotic pair trades at 17.21, after reaching a daily high of 17.26.
NZD/USD trades lower near the 0.5900 level at the time of writing, with no New Zealand catalyst behind the move. The US Dollar Index (DXY) is up 0.26% near the 100.00 level, and the Kiwi is simply on the wrong side of it.
Meclis’e sunulan Milli Dayanışma ve Toplumsal Bütünleşmenin Güçlendirilmesine Dair Kanun Teklifi'ne ilişkin değerlendirmeler yapan Adalet Bakanı Gürlek, "Terörün sona ermesi dış müdahale alanlarını daraltacak, ticaret koridorlarının, enerji projelerinin ve ulaştırma hatlarının güvenliğini artıracakt
The US Dollar (USD) posted gains against every major currency on Thursday, with the US Dollar Index (DXY) up 0.26% near the 100.00 level as Oil rallied 3% on the reported Strait of Hormuz vessel ban, while Gold and Silver declined.
UOB Global Economics & Markets Research, led by economists Enrico Tanuwidjaja and Sathit Talaengsatya, analyzes Thailand’s July CPI undershoot driven by lower fuel prices while core inflation edges higher.
Financial Times'ın (FT) haberine göre, ABD Merkez Bankası (Fed) Başkanı Kevin Warsh, önümüzdeki dönemde açıklanacak enflasyon verilerinin beklentilerin üzerinde gelmesi halinde eylül ayında faiz artırımı seçeneğini masada tutuyor.
The Bank of Mexico, also known as Banxico, held rates unchanged at 6.50% as expected by most analysts, unanimously, for the third consecutive meeting, after ending its easing cycle in May.
West Texas Intermediate (WTI) Oil rebounds on Thursday as traders react to details of the proposed Iran-Oman agreement on the Strait of Hormuz. At the time of writing, WTI trades around $76.50 per barrel, up nearly 2.80% on the day.
US Treasury yields climb along the curve as the Oman-Iran deal, which banned US and Israeli ships, whether military or civilian, from entering the Persian Gulf, drives crude prices higher, and as traders await the latest employment report.
AUD/USD is down 0.36% for the day, but still above the 0.7000 region, giving back Wednesday's gains as the US Dollar (USD) firms across the board. The US Dollar Index (DXY) is up 0.28% near the 100.00 psychological level.