Market news
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US Dollar Index: Upside Case from Flows and Yields – BBH
Brown Brothers Harriman analyst Elias Haddad cites strong foreign demand for long-term US securities and sustained yield advantages as support for the US Dollar Index.
UOB: SGD NEER Strength Caps USD/SGD Upside at 1.2900
UOB Global Economics & Markets Research notes that USD/SGD closed at 1.2900, with the Singapore Dollar Nominal Effective Exchange Rate (S$NEER) estimated at 1.75% above the mid-point, limiting further upside.
ForkLog Lab Opens Services to Public After Four Years
ForkLog Lab, the research and consulting arm of crypto media outlet ForkLog, is now offering its analytics, marketing, and media expertise to external clients, with a focus on boosting brand visibility in AI services.
Gold Extends Losses to One-Week Low Near $4,120 on Fed Tightening Bets
Gold (XAU/USD) fell for a third consecutive day on Friday, hitting a one-week low at $4,121 as expectations of tighter Federal Reserve policy weighed on the precious metal.
EUR/USD Extends Decline as Dollar Hits One-Year High – UOB
UOB Global Economics & Markets Research notes that EUR/USD remains under pressure, extending its recent decline as the US Dollar Index surged to a fresh one-year high after the Fed's hawkish stance.
Brent Oil Eases Asia FX Pressures After US-Iran Agreement, DBS Says
DBS Group Research notes that lower Brent oil prices, driven by an interim US-Iran agreement reopening the Strait of Hormuz, are reducing pressure on Asian foreign exchange markets.
MUFG Sees USD Upside Limited After Hawkish Fed Dot Plot
MUFG analyst Derek Halpenny notes the US Dollar has extended gains following a record hawkish shift in the Fed's dot plot, but sees upside scope as limited. Oil prices remain sharply lower.
ING: Intervention Risks Rise for Yen as USD/JPY Holds Elevated
ING strategists warn that the dollar's post-Fed gains keep USD/JPY in intervention territory, with risks rising amid thin US holiday liquidity.
USD/JPY Holds Near Multi-Decade High as Intervention Fears Mount
USD/JPY consolidates above 161.00 after hitting 161.80, just below the four-decade peak of 161.95 from June. Market participants eye possible intervention by Japanese authorities.
Bitcoin Drops to $62K, Ethereum Below $1,700 on Middle East Uncertainty
Bitcoin fell about 3% in 24 hours to $62,000, while Ethereum slipped under $1,700. The decline comes amid fresh geopolitical tensions as the US Vice President postponed a trip to Switzerland linked to an Iran deal and Israel struck targets in southern Lebanon.
Gold pressured by hawkish Fed, strong dollar – UOB
UOB Global Economics & Markets Research notes that gold softened as hawkish Federal Reserve signals and a firmer US Dollar weighed on prices. An interim US–Iran ceasefire reduced inflation fears and pulled oil lower, further curbing gold's appeal as an inflation hedge.
GBP/USD Pressure Builds on By-Election Uncertainty, DBS Warns
DBS Group Research strategist Chang Wei Liang says GBP/USD could remain volatile after easing toward 1.32, citing uncertainty from a by-election where Labour candidate Burnham leads in Makerfield.
SNB Cautious, Swiss Franc Has Limited Downside – MUFG
MUFG's Derek Halpenny notes that the Swiss franc underperformed after the SNB left rates unchanged at zero, but minor inflation forecast revisions underscore expectations of persistently low inflation, limiting downside.
Dollar Rallies on Fed Moves, Posts Best Two-Day Gain Since Middle East Conflict
The US dollar recorded its best two-day rally since the start of the Middle East conflict, driven by Federal Reserve policy and safe-haven demand.
ING Raises EUR/USD Year-End Target to 1.18 on Dovish Fed View
ING's FX team, led by Francesco Pesole, has revised its EUR/USD forecast upward, targeting 1.18 by year-end, citing expectations of moderate dollar weakness in H2 driven by a dovish Fed relative to market pricing and fading energy concerns.
Euro Trades Flat After Bouncing from Three-Month Lows
The Euro is trading practically flat against the US Dollar at 1.1460 after recovering from three-month lows, as USD buyers pause.
EUR/USD Bears May Pause Before Testing 2026 Low
The Euro is trading near the 2026 low of 1.1410, extending losses for a third straight day after hawkish Fed signals triggered the biggest single-day drop since July 2025. Analysts suggest bears may take a breather before attempting to break through that key level.
Fed's Hawkish Tilt Unsettles Markets; Focus Turns to PCE, PMIs
New Fed Chair Kevin Warsh's first FOMC meeting prioritized inflation control, unsettling markets despite easing geopolitical risks. This week's focus shifts to PCE inflation and PMI data.
Japanese Yen Near 40-Year Lows as Intervention Speculation Intensifies
The Japanese Yen remains under pressure against the US Dollar, trading near multi-decade highs as traders speculate on potential intervention.
BBH: Political Risks Cap GBP/USD Recovery
A BBH analyst notes GBP/USD bounced after holding above its late-March low, but political risks continue to cap further gains.
WTI Pauses Decline as Crude Shipments Resume Through Strait of Hormuz
West Texas Intermediate (WTI) crude oil stabilized around $75.60 on Friday, recovering slightly after crude shipments resumed through the Strait of Hormuz, though the commodity remains under pressure from earlier sharp declines.
DXY Eases from 101.13 High but Holds Near Yearly Peaks
The US Dollar Index edged lower from its 101.13 high during Friday's European session amid thin trading due to a US bank holiday and ongoing uncertainty over the US-Iran peace deal.
Market Holiday Slows Activity; Iran-US Talks Postponed; Burnham Wins MP Seat
Low trading activity due to a market holiday, while Iran-US talks in Switzerland have been postponed. In UK politics, Andy Burnham wins a seat as MP ahead of a potential leadership challenge.
Ebola Outbreak in Congo: Dozens of Healthcare Workers Infected, Chinese Team Arrives
Conflicting reports from the WHO indicate dozens of healthcare workers in Congo have been infected with Ebola, with varying death tolls. A Chinese medical team has arrived on the ground, and Uganda is preparing its own response team.