The US Dollar Index (DXY) had every excuse to extend on Thursday and declined instead. A firm batch of US data crossed the wires, yet the Dollar eased off the top of its multi-month rally, slipping back toward 101.45 af…
Federal Reserve (Fed) Bank of New York President John Williams said in a speech released by text on Thursday that monetary policy remains “well positioned” for the current economy, while warning that inflation may take …
Silver (XAG/USD) rebounds on Thursday, trading around $58.65 at the time of writing, up 2.16% on the day. The precious metal recovers part of its steep losses from recent days, supported by a modest pullback in the US D…
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight a sharp USD/CNH spike to 6.8195, now seen consolidating between 6.8030 and 6.8185 on an intraday basis after an overdone rise. On a 1–3 week horizon,…
Gold (XAU/USD) shows signs of stabilization on Thursday as traders digest the latest US Personal Consumption Expenditures (PCE) Price Index, which came broadly in line with market expectations. At the time of writing, X…
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a constructive view on USD/SGD after the pair briefly touched 1.2991 before closing near 1.2980. They expect any intraday pullback to stay within a tight …
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said on Thursday that inflation remains the central challenge for policymakers, warning that price pressure is still moving in the wrong direction despite …
The Bank of Mexico (Banxico) held its main reference rate unchanged at 6.50% in a unanimous decision on Thursday, as expected. Based on its economic projections, Banxico noted that the balance of inflation risks is tilt…
The USD/CHF pair stumbles on Thursday, losing 0.34% during the North American session, as the Greenback’s six-day rally stalls amid falling US Treasury yields, despite a red-hot US Core PCE inflation reading. At the tim…
Gold (XAU/USD) price recovers on Thursday, up by almost 1% as the Greenback drops despite inflation data suggesting that a ‘higher-for-longer' scenario favors the Federal Reserve (Fed) holding rates steady, despite US P…
USD/CAD trades around 1.4205 on Thursday at the time of writing, down 0.21% on the day after recently reaching its highest level in 14 months. The pair is correcting lower as the Canadian Dollar (CAD) benefits from a mo…
The AUD/USD pair trades muted near the 0.6900 area on Thursday, with the Aussie struggling to gain amid a pullback in the US Dollar (USD) as investors digested the latest United States (US) inflation figures and fresh g…
NZD/USD pauses a six-day losing streak on Thursday as the US Dollar (USD) eases following the latest US Personal Consumption Expenditures (PCE) data, which broadly matched market expectations. At the time of writing, th…
The Dow Jones Industrial Average (DJIA) printed a fresh intraday record near 52,650 on Thursday before easing back toward 52,200, and the temptation is to read that high as a broad vote of confidence. It was nothing of …
TD Securities commodity strategists Ryan McKay and Bart Melek note that crude Oil flows through the Strait of Hormuz are gradually normalizing, but around 10–11m b/d of Middle East production remains offline. With US in…
MUFG’s Lloyd Chan reports broad Asia FX weakness versus the Dollar, with the Thai Baht underperforming. The Bank of Thailand has kept its policy rate at 1% as growth remains low and uneven and credit conditions soft. MU…
Scotiabank strategists Shaun Osborne and Eric Theoret report USD/JPY is steady ahead of Tokyo Consumer Price Index (CPI), where consensus expects a pickup in both headline and core inflation into the mid-to-upper 1% ran…
TD Securities strategists note the Bank of Canada’s (BoC) June Summary of Deliberations maintained its recent balancing act between higher Oil price spillover risks and domestic softness. Policymakers downplayed the Q1 …
The USD/JPY pair trades within the historical intervention zone at 161.80 on Thursday, holding near multi-decade highs as the Japanese Yen remains slightly under pressure amid wide United States-Japan yield differential…
West Texas Intermediate (WTI) crude Oil edges higher on Thursday, snapping a three-day losing streak as short covering lifts prices following the recent selloff to a more than three-month low. At the time of writing, WT…
USD/JPY trades slightly lower on Thursday as the US Dollar (USD) eases after the latest US Personal Consumption Expenditures (PCE) data broadly matched market expectations. Still, the Japanese Yen (JPY) remains pinned n…
UOB economists Enrico Tanuwidjaja and Sathit Talaengsatya note that the Bank of Thailand (BoT) kept its policy rate at 1.00% and is expected to hold this level through 2027. They stress that Thailand’s recovery is narro…
The EUR/USD pair elevated slightly near 1.1380 trades with mild gains on Thursday, as the US Dollar (USD) loses momentum despite a fresh batch of United States (US) economic data showing sticky inflation, stronger growt…
ABN AMRO strategist Georgette Boele notes that recent Dollar strength has been driven mainly by a reassessment of the Federal Reserve outlook, with markets now pricing in rate hikes into 2026. She argues this repricing …