Institutional
Institutional
US Dollar: Cyclical support and energy resilience – HSBC
HSBC’s FX Viewpoint argues the broad US Dollar is likely to strengthen modestly in the near term as cyclical, political and structural forces turn more supportive. The bank highlights firm US rate expectations relative to other economies, resilience in energy prices and a reassessment of US fiscal risks as factors favouring the Dollar versus major […]
by Currency Hedger
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- 4 weeks ago
Institutional, Market Analysis
TNOTE falls to its lowest level since 2007
U.S. 10-year Treasury futures plunge as US yields surge T he selloff in the U.S. Treasury market has deepened significantly, pushing yields to their highest levels in nearly two decades and driving a sharp decline in U.S. 10-year Treasury futures (TNOTE ). The pressure began with rising oil prices, which revived concerns about persistent inflation […]
by Currency Hedger
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- 4 weeks ago
Institutional, Societe Generale
South Korean Won: Export strength supports KRW – Societe Generale
Societe Generale notes the Korean Won has been one of Asia’s standout performers, with USD/KRW slipping from around 1,390 to 1,360 as local exporters sold Dollars ahead of the Chuseok holiday. The bank highlights a supportive backdrop, citing South Korea’s strong export engine and a sharp early-September surge in exports, driven by AI-related shipments alongside […]
by Currency Hedger
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- 4 weeks ago
Institutional, UOB
Chinese Yuan: Consolidation with downside risk toward 6.7330 – UOB
UOB’s Quek Ser Leang and Lee Sue Ann describe USD/CNH as consolidating after a move to 6.7200, with momentum slowing in the very near term. For the coming days and weeks, they see the pair likely trading between 6.7120 and 6.7220, while a rapid build-up in momentum suggests potential gains toward 6.7250 and major resistance […]
by Currency Hedger
- 0 Comments
- 4 weeks ago
ING, Institutional
South Korean Won: Trade surplus seen widening – ING
ING’s Asia-Pacific research notes that South Korea’s upcoming data should show stronger industrial production and a widening trade surplus, even as export and import growth moderates. Technology and semiconductor exports are expected to underpin the surplus. At the same time, headline CPI is forecast to ease slightly, with core inflation decelerating more sharply, pointing to […]
by Currency Hedger
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- 4 weeks ago
Institutional, Societe Generale
Chinese Yuan: PBoC keeps yuan broadly stable – Societe Generale
Societe Generale describes a limited impact from President Xi’s US visit, with no new tariff cuts or AI dialogue mechanism agreed as the trade truce was only extended to January. USD/CNY rebounded after briefly dipping below 6.70, helped by higher US Treasury yields and a modest easing of PBoC control, while the central bank reiterated […]
by Currency Hedger
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- 4 weeks ago
Institutional, UOB
Singapore Dollar: Consolidation near lows against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann note USD/SGD held steady around 1.2800 after Wednesday’s surge, with the Singapore Dollar (SGD) supported by expectations of further MAS tightening. Their Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) model sits 1.76% above the mid-point, implying a USD/SGD range of 1.2764–1.2828 today, while renewed Dollar momentum […]
by Currency Hedger
- 0 Comments
- 4 weeks ago
Institutional, OCBC
Asian FX: Higher yields and Oil weigh – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong report that Asian FX traded broadly softer as higher Oil prices and rising US Treasury yields hurt risk sentiment, with Indonesian Rupiah (IDR) underperforming and Philippine Peso (PHP), Indian Rupee (INR) and Thai Baht (THB) also weaker. Renminbi (RMB) momentum faded as People’s Bank of China’s (PBoC) […]
by Currency Hedger
- 0 Comments
- 4 weeks ago
Institutional, Market Analysis, Technical Analysis
The Week Ahead – Navigating a High-Volatility Week for Global Markets
Global markets enter the coming sessions with monetary policy, inflation, employment and geopolitical risk all competing for attention. The possibility of diplomatic agreements or further escalation involving the US, Iran and Gulf states remains a major driver of energy prices, inflation expectations and global bond yields. High energy prices combined with resilient economic activity have […]
by Currency Hedger
- 0 Comments
- 4 weeks ago
Institutional, Market Analysis, Technical Analysis
Bond yields highest since 2007
US 10-year Treasury yields rose to 5.15% today, reaching their highest level since 2007. The primary catalyst driving the current surge was yesterday’s release of US PMI indicators for September. The data significantly exceeded expectations, reaching five-year highs. The composite index reached 58.4, which is consistent with GDP growth dynamics of around 5%. However, the […]
by Currency Hedger
- 0 Comments
- 4 weeks ago