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Silver Crashes Toward 200-Day SMA After Strong US Jobs Data
Silver prices plummeted nearly 8% and are on track for a 10% weekly loss as a robust US Nonfarm Payrolls report boosted the dollar, pushing XAG toward the $61.00 target.
BSP Seen Hawkish as Standard Chartered Drops Off-Cycle Hike View
Standard Chartered economists have revised their Bangko Sentral ng Pilipinas (BSP) rate path, removing the expectation of a 50bp off-cycle hike before June 18 while maintaining a hawkish inflation stance.
Rupiah at record lows as Bank Indonesia widens mandate, DBS says
DBS Group Research economist Radhika Rao warns that Indonesia's onshore markets are under pressure, with the rupiah hitting record lows and equities nearing six-year lows as Bank Indonesia's mandate expands.
US Dollar Ends Week Higher After Strong NFP
The US Dollar rallied on Friday after the May Nonfarm Payrolls report showed 172K jobs added, far exceeding the 85K consensus, boosting expectations of a Federal Reserve rate hike.
UOB: Thai BoT Likely to Hold Rates as Inflation Remains Supply-Led
UOB Global Economics & Markets Research expects the Bank of Thailand to maintain its policy rate, citing Thailand's latest CPI data which points to cost-push rather than demand-driven inflation.
Iran Conflict Inflation Drives CPI to 4.2% YoY in May, Three-Year High
The Consumer Price Index is estimated to have risen 0.52% in May, pushing the annual rate to 4.2% — the highest in three years — as the inflationary effects of the Iran conflict continue to impact consumer prices.
NZD/USD Slips to Fresh Lows After Strong US Jobs Data
The New Zealand Dollar is heading for a weekly loss of nearly 3% as robust US payrolls data boosts the US Dollar. NZD/USD fell to its lowest since April, trading around 0.5800.
SGD NEER to Trade 1.5-2% Above Midpoint: OCBC
OCBC FX strategist Sim Moh Siong expects the Singapore Dollar's nominal effective exchange rate to trade 1.5–2% above its midpoint, supported by de-dollarisation and safe-haven flows, though reduced carry may limit upside.
Nordea: Chinese Yuan Set for Gradual Appreciation vs Dollar
Nordea's Kristian Nummelin expects the Chinese yuan to gradually appreciate against the U.S. dollar, noting it has been the best-performing Asian currency this year, gaining against both the dollar and the euro despite widening U.S.-China yield spreads.
KRW and IDR Face Pressure Despite Softer Oil Prices - OCBC
OCBC's FX strategist Sim Moh Siong notes that softer oil prices offer only limited relief to Asian FX, with the Korean Won and Indonesian Rupiah still pressured by equity outflows and policy uncertainties.
NFP Surge Crushes Dollar Bears, DXY Rally Hinges on Sustained Momentum
May payrolls beat weak consensus estimates, sparking a sharp dollar rally. The move's durability now depends on follow-through.
US Dollar Hits Two-Month Highs After Strong NFP Data
The US Dollar had a promising week, rising nearly every day and hitting new two-month highs after Friday's strong Nonfarm Payrolls report, pushing the DXY index near the 100.00 level.
UOB: Thailand CPI Shows Cost-Push Pressures, No Overheating
UOB economists note that Thailand's May CPI eased slightly but remains near the top of the BoT's target range, with core inflation subdued. Price gains are driven by fuel, transport, and prepared food, not broad demand.
USD/CAD Rises as US NFP Beats Forecasts, Offsetting Canadian Jobs Data
The USD/CAD pair rose to near 1.3930 on Friday as stronger-than-expected US Nonfarm Payrolls data boosted the US dollar, outweighing support from solid Canadian employment figures.
Swiss Franc Weakens After Stronger US Jobs Data
The Swiss Franc declined against the US Dollar on Friday following a stronger-than-expected US Nonfarm Payrolls report. USD/CHF rose to a two-month high near 0.7955.
Wage Gains Bolster Case for BOJ June Hike – Deutsche Bank
Deutsche Bank analysts note that rising Japanese wages and resilient household spending strengthen the case for Bank of Japan tightening, with futures pricing a high probability of a June rate hike.
Indonesia Rupiah and Korean Won Under Renewed Pressure – BNY
BNY’s Bob Savage highlights renewed stress in emerging Asian FX, with Indonesia’s rupiah weakening past 18,000 and the Korean won under pressure despite a strong current account.
GBP/USD Breaks Below 1.3400 After Strong US NFP
The British pound fell below 1.3400 against the dollar after a better-than-expected US Nonfarm Payrolls report boosted the greenback. The data suggests the US economy may be running hot, reducing the case for Federal Reserve rate cuts.
RBI Holds Repo Rate at 5.25%, Supports INR Outlook: Societe Generale
Societe Generale analysts say the RBI's decision to keep the repo rate unchanged at 5.25% with a neutral stance supports the INR outlook, despite a cut in GDP growth forecast and an upward revision to CPI inflation.
Fed's Hammack Says Holding Rates Steady Remains Reasonable
Cleveland Fed President Beth Hammack stated on Friday that keeping interest rates steady is reasonable for now, but warned that persistent economic trends may soon require action.
Silver Tumbles Below $69 After Strong US Jobs Report Boosts Dollar
Silver (XAG/USD) fell sharply on Friday, dropping below $69 after a stronger-than-expected US employment report strengthened the US Dollar and fueled expectations of a more restrictive Federal Reserve.
Euro Slips to Two-Month Low After Strong US Jobs Data
EUR/USD fell to a two-month low near 1.1559 as the US Dollar rallied following a stronger-than-expected Nonfarm Payrolls report.
ECB Hiking Cycle May Extend to 3% – Nordea
Nordea analyst Kristian Nummelin expects the European Central Bank to raise rates next week, citing elevated inflation and strong core momentum. Markets are pricing a similar extension of the hiking cycle to 3%.
TD Securities Expects ECB to Raise Deposit Rate to 2.25%
TD Securities forecasts that the European Central Bank will hike its deposit rate to 2.25% in response to persistent high energy costs.