The offshore yuan is trading around 6.69 per US dollar, remaining near its strongest level since July 2022 despite renewed debate over China’s economic stimulus measures and the valuation of its currency. The International Monetary Fund (IMF) has argued that Beijing’s policy support remains insufficient and estimated that the yuan is undervalued in real terms, […]
The Philippine peso has weakened to around 63 per US dollar, reaching a record low as concerns over the country’s economic outlook, elevated inflation and energy-related pressures weigh on sentiment. The currency’s decline is intensifying expectations that the Bangko Sentral ng Pilipinas (BSP) may need to consider further monetary tightening to help stabilise the exchange […]
Natural gas markets are facing contrasting regional dynamics, with US futures rising towards a three-week high ahead of the latest storage report, while European prices remain elevated amid concerns over winter inventories and disrupted liquefied natural gas (LNG) supplies. US natural gas is trading around $3.25 per million British thermal units (MMBtu), supported by lower […]
Soybean futures are trading around $12.70 per bushel, reaching their lowest level in seven weeks as the accelerating US harvest increases near-term supply expectations. Despite renewed Chinese demand for American soybeans, the market remains under pressure as favourable harvesting conditions support fieldwork and traders assess the outlook for domestic processing. The balance between expanding harvest […]
The Indian rupee has strengthened to around 94.9 per US dollar, reaching a four-week high as falling US Treasury yields and reduced expectations of further Federal Reserve rate increases provide relief. Aggressive intervention by the Reserve Bank of India (RBI), including dollar sales and measures aimed at curbing speculative trading, has also supported the currency. […]
Malaysian palm oil futures are facing renewed selling pressure, slipping below MYR 4,700 per tonne as rising inventories and weakness in competing edible oils weigh on market sentiment. Lower crude oil prices are also reducing palm oil’s relative appeal as a biodiesel feedstock. However, stronger export shipments and expectations of sustained festive demand from India […]
Copper futures are facing renewed selling pressure, moving towards $6.50 per pound after extending losses for a third consecutive session. Stronger-than-expected US inflation has increased concerns about further Federal Reserve rate hikes, raising the risk that higher borrowing costs could weaken industrial activity and metals consumption. However, supply disruptions across Chile, the world’s largest copper-producing […]
The Indonesian rupiah is showing signs of stabilisation after briefly weakening towards IDR 17,970 per US dollar before recovering to around IDR 17,930. Bank Indonesia has reaffirmed its commitment to supporting the currency through foreign exchange interventions, while Indonesia’s growth outlook has received a modest upgrade from the IMF. However, persistent inflation, a firm US […]
The Taiwanese dollar is facing renewed downside pressure, trading beyond NT$32.3 per US dollar and reaching its weakest level since early August. A sharp selloff in global semiconductor stocks, falling regional equity markets and sustained foreign investor outflows are weighing on sentiment towards Taiwan’s currency. Looking ahead, the direction of the Taiwanese dollar will depend […]
Sugar prices remain caught between tightening global supply expectations and the risk of a correction following a sharp rally. New York March 2027 raw sugar futures fell 1.28% to settle at 20.82 cents per pound, while December London white sugar futures declined 1.25% to $553 per tonne, as a stronger US dollar triggered selling pressure. […]