DBS
DBS, Institutional
China: De-dollarisation focus and US asset exposure – DBS
DBS Group Research, led by FX & Credit Strategist Chang Wei Liang, examines China’s evolving holdings of US securities over the past decade. The study looks for evidence of de-dollarisation, highlighting substantial Chinese net outflows from US equities and bonds and assessing how geopolitical tensions and sanctions risk are influencing China’s portfolio allocation decisions. Examining […]
by Currency Hedger
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- 1 day ago
DBS, Institutional
Indian Rupee: Higher inflation supports rate hike bets – DBS
DBS Group Research anticipates India’s headline inflation to rise in October on higher food costs and base effects, with core inflation also quickening. Non-food components may get some relief from softer precious metals and delayed fuel price changes. With Consumer Price Index likely above the Reserve Bank of India’s (RBI) target range, DBS expects a […]
by Currency Hedger
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- 6 days ago
DBS, Institutional
Vietnam: Strong growth complicates inflation fight – DBS
DBS Group Research anticipates Vietnam’s October 2026 exports and retail sales to stay robust, while headline inflation hovers around 5%, above the 4.5% target. Strong electronics shipments, firm household spending and tourism underpin activity, but elevated transport, energy, food and material costs pose a policy challenge as authorities pursue at least 10% economic growth. Robust […]
by Currency Hedger
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- 2 weeks ago
DBS, Institutional
US Dollar: Fed hawkish hold fails to extend gains – DBS
DBS Group Research economist Philip Wee notes that the Federal Reserve’s hawkish pause did not sustain the Dollar’s rally, even as US Treasury yields rose. He highlights Kevin Warsh’s cautious tone on future hikes and the importance of upcoming PCE inflation and 3Q26 GDP data. Wee argues resilient growth with easing underlying inflation could challenge […]
by Currency Hedger
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- 2 weeks ago
DBS, Institutional
British Pound: Conditional resilience under policy scrutiny – DBS
DBS Group Research’s Philip Wee highlights the challenges facing GBP/USD as the UK Autumn Budget and FOMC decision put fiscal credibility and monetary policy divergence in focus. He notes that expectations for a hawkish Fed and ECB, alongside prospects of a Bank of England rate hike, have helped the Pound outperform the Euro over the […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
DBS, Institutional
China: Robust trade and rising prices – DBS
DBS Group Research expects China’s exports to grow 25.7% year-on-year in September, supported by strong electronics demand and improving manufacturing PMIs. The report notes strengthening external trade indicators and freight activity, alongside a rebound in factory-gate and raw material prices, with CPI inflation seen edging up to 1.0% but still constrained by soft domestic demand. […]
by Currency Hedger
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- 1 month ago
DBS, Institutional
Euro: Pressured yet systemic risk contained – DBS
DBS strategist Philip Wee explains that EUR/USD’s four-week decline reflects shifting risk balances, with renewed Federal Reserve (Fed) tightening overshadowing the European Central Bank (ECB) and France’s fiscal issues overshadowing US concerns. He cautions against extrapolating French stress into a broader Eurozone crisis, emphasizing that current OAT-Bund spread widening is a repricing of known problems […]
by Currency Hedger
- 0 Comments
- 1 month ago
DBS, Institutional
India rates: Spreads seen narrowing further – DBS
DBS Group Research strategist Sherilyn Chew contrasts India’s domestic backdrop with Indonesia, arguing India is deeper into a tightening phase. Markets are pricing a possible Reserve Bank of India (RBI) hike in October, with liquidity surplus falling after RBI draining measures. She notes wider 5-year IGB-OIS spreads post-FCNR(B) closure and compressed 2s10s, seeing scope for […]
by Currency Hedger
- 0 Comments
- 2 months ago
DBS, Institutional
Swiss Franc: SNB preview signals steady policy – DBS
DBS Group Research economist Philip Wee expects the Swiss National Bank to keep its policy rate unchanged at 0% at the September 24 meeting, despite higher energy prices and a modest uptick in headline inflation. He sees scope for a near-term inflation forecast upgrade, but notes that Swiss growth has improved and CHF haven pressures […]
by Currency Hedger
- 0 Comments
- 2 months ago
DBS, Institutional
Chinese Yuan: Pre-summit support and firmer bias – DBS
Chang Wei Liang at DBS Group Research highlights that USD/CNH is easing toward 6.70 despite a stronger Dollar, with the Renminbi (RMB) supported by a lower USD/CNY fixing below 6.76. He links this to possible goodwill from China ahead of the Trump–Xi summit and expects RMB to strengthen further into next Thursday’s meeting as markets […]
by Currency Hedger
- 0 Comments
- 2 months ago