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Asia FX: Oil, Fed Outlook Weigh on KRW, IDR – OCBC
OCBC strategist Sim Moh Siong notes higher oil prices and a firmer US policy outlook are pressuring Asian currencies, particularly the Korean Won and Indonesian Rupiah.
Gold Holds Flat as Ceasefire Optimism Offsets US CPI Concerns
Gold (XAU/USD) trades unchanged on Monday, with improving Iran-Israel ceasefire sentiment countering expectations of a hawkish Federal Reserve after strong NFP data.
Forex Today: Markets Assess Japanese GDP as ECB Decision Looms
The US Dollar Index trades cautiously near 100.00 as investors balance strong US data against improved risk sentiment after reports that Iran has ended military operations. Focus shifts to the upcoming ECB decision.
Chinese Yuan Appreciation Outweighs Yield Gap – Commerzbank
Commerzbank analyst Thu Lan Nguyen notes that despite the PBoC easing caps on USD deposit rates, the yuan has appreciated roughly 3% against the dollar this year, suggesting the appreciation trend is overriding the yield differential.
US Dollar Index Eases as Iran Halts Military Operations Against Israel
The US Dollar Index (DXY) edged lower on Monday as traders assessed the evolving Middle East situation after Iran halted military operations against Israel.
UOB Sees Further SGD Losses, Targets USD/SGD at 1.2960
UOB analysts Quek Ser Leang and Lee Sue Ann warn that the Singapore dollar could weaken further against the US dollar, targeting 1.2960, after a strong US jobs report pushed USD/SGD above 1.29.
Weekly Data Preview: USOIL and XAUUSD Ahead of Key Economic Releases
A preview of weekly data for USOIL and XAUUSD, with upcoming economic data expected to drive near-term price action.
ING: Zloty Most Vulnerable Among CEE FX in Risk-Off
ING analyst Frantisek Taborsky says Central and Eastern European FX is driven by global headlines and hawkish US repricing, with local data having limited impact. The Polish zloty is seen as most vulnerable in a risk-off environment.
AUD/USD Faces Key Support at 0.7000 as Rally Pauses
The Australian Dollar's recent uptrend has stalled, with AUD/USD pulling back to the 0.7000 support zone. A fresh catalyst is needed to resume the rally, while USD dynamics and geopolitics weigh.
Silver Hovers Near 200-Day SMA After Sharp Drop, Downside Risks Persist
Silver (XAG/USD) edged higher on Monday after an nearly 8% plunge on Friday triggered by a stronger-than-expected US Nonfarm Payrolls report. The data reinforced expectations of prolonged higher Fed rates, keeping downside pressure on the metal.
South Korea Steps Up FX Defense as Won Hits 2009 Lows
South Korean authorities held an emergency meeting and vowed stern action against speculative FX activity as USD/KRW trades at its weakest since 2009. The National Pension Service has resumed forward FX selling with a higher hedge ratio.
Hawkish RBI Holds Rate at 5.25%, Warns on Inflation and Currency
DBS Group Research economist Radhika Rao says the Reserve Bank of India kept its policy rate at 5.25% with a neutral stance but a hawkish tone, highlighting inflation and currency risks for FY27.
Canadian Dollar Softens as Gulf Peace Hopes Weigh on Oil Prices
The Canadian Dollar weakened on Monday as a pullback in crude oil prices, driven by Gulf peace hopes, weighed on the commodity-linked currency. USD/CAD traded near 1.3950.
British Pound Edges Higher as Iran-Israel Halt Hostilities
The British Pound rose 0.10% on Monday as risk appetite improved following a ceasefire between Iran and Israel, with US President Trump demanding an end to hostilities to resume talks.
Euro Holds Near 1.1540 as Sentix Data and ECB Decision Awaited
EUR/USD trades near 1.1540 on Monday as investors digest mixed Eurozone Sentix confidence data and focus on the upcoming ECB rate decision.
BBH: Norges Bank Stance Supports NOK Crosses; May CPI Key
Brown Brothers Harriman notes that Norges Bank's stance is supportive for Norwegian Krone crosses. The May CPI print could be pivotal, with a hot reading potentially leading to another rate hike after May's surprise increase.
RBI and Government Measures Could Drive $40bn Inflows, Supporting INR: MUFG
MUFG analyst Michael Wan says new Reserve Bank of India and government measures could generate about $40 billion in inflows, partially plugging India's FY2026/27 balance of payments and supporting the rupee near term.
USD/JPY Holds Firm Near 160.00 as Yen Struggles Despite Weaker US Dollar
The Japanese Yen remains under pressure, keeping USD/JPY near the psychologically important 160.00 level despite a softer US dollar. Lingering intervention fears cap upside, as traders monitor fast-changing headlines from the Middle East.
Dollar Gains on Safe-Haven Demand and Higher Yields: BNY
BNY's Bob Savage notes escalating Middle East tensions and rising U.S. Treasury yields are driving risk-off flows, supporting the Dollar at two-month highs.
TD Securities: Bank of Canada to Hold Rates at 2.25% Through 2026
TD Securities economists expect the Bank of Canada to keep its overnight rate at 2.25% at the June meeting and throughout 2026, citing persistent inflation risks despite softer domestic conditions.
ECB Insurance Hike Seen Limiting EUR/USD Upside – OCBC
OCBC analyst Sim Moh Siong expects the ECB to deliver a one-off 25 bps ‘insurance’ rate hike to 2.25%, with updated projections showing higher inflation and weaker growth, which may limit EUR/USD upside.
NFP Headline Strong but Details Weak, USD Surges to 100
Non-farm payrolls beat expectations, but hourly earnings fell and participation/unemployment rates showed no improvement. Yields spiked but failed to pressure equities, while the USD surged to the 100 level.
Hungarian Forint Appreciation Prompts Stability Target, ING Says
ING economists note the Hungarian forint has sharply appreciated, with investors treating Hungary as a quasi-eurozone, and policymakers aim to maintain stability around fair value.
Fed Extended Pause Outlook After Strong US Jobs – UOB
UOB's Alvin Liew notes that stronger-than-expected US payrolls and higher oil prices have sharply reduced expectations for Federal Reserve rate cuts.