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DBS Group Research economist Chua Han Teng notes that Bank Negara Malaysia (BNM) held the Overnight Policy Rate at 2.75% while dropping language that the current level is appropriate. DBS expectsย ratesย to remain unchanged through 2026 but sees risks tilted towards a one-off policy normalisation. BNM holds but signals flexibility “Bank Negara Malaysia (BNM) maintained its […]
OCBCโs Christopher Wong notes that strong foreign-currency inflows linked to the RBIโs special measures have bolstered the Indian Rupee (INR) and strengthened the central bankโs FX buffer. However, with the FCNR(B) window now closed, the exceptional near-term dollar supply is expected to fade, potentially leading to more two-way RBI management. Wong adds that USD/INR remains under bearish […]
Nordea expects Eurozone inflation dynamics to stay persistent, with headline inflation projected above the ECBโs target at least until spring 2027. They see recent data as slightly weaker than the ECBโs June projections, partly due to soft food prices, but anticipate only modest downward revisions. Core inflation is projected to remain above 2% through 2028, supporting further […]
Signs of tanker traffic through the Persian Gulf will be monitored after the outbreak of strikes between Iran and the US, prolonging the shock to energy supply from the region. The US will publish consumer and producer inflation rates, the last major releases before the Federal Reserve’s September decision. Other key data includes Michigan consumer […]
US gasoline futures rose above $3.15 a gallon, extending gains for a second session amid tightening fuel supply. Elevated tensions between the US and Iran remain an upward pressure, threatening further constraints to production and supply. Adding to the pressure, persistent attacks from Ukraine in Russian refineries pushed runs to multi-year lows. Meanwhile, EIA data […]
The Mexican peso strengthened to around 16.89 per US dollar in September, reaching its highest level since May 2024. US nonfarm payrolls increased by 162,000 last month, well above market expectations for a 56,000 gain. The figures point to continued strength in the US labor market, which is positive for Mexican exports and the economy […]
Crude oil traded around $91.2 a barrel on Friday and was up more than 9% for the week, marking its strongest weekly performance since mid-July, as the war in the Middle East continued with little prospects of peace. Iran and the US exchanged missile strikes this week, while Israelโs defense minister threatened โcripplingโ attacks on […]
October WTI crude oil (CLV26) closed up +0.18 (+0.20%) on Friday, and October RBOB gasoline (RBV26) closed up +0.0797 (+2.54%). Crude oil and gasoline prices recovered from early losses and settled higher on Friday. Pre-weekend short covering lifted crude prices on Friday ahead of the three-day US Labor Day holiday weekend. Crude oil initially moved […]
October Nymex natural gas (NGV26) on Friday closed up +0.062 (+2.13%). Nat-gas prices settled higher on Friday but remained below Thursdayโs 1.75-month nearest-futures high. Nat-gas prices rose on Friday as US weather forecasts shifted to hotter for mid-September, potentially boosting nat-gas demand from electricity providers as air-conditioning use increases. According to weather forecaster Vaisala, forecasts shifted […]
December arabica coffee (KCZ26) closed up +0.25 (+0.08%) on Friday, and November ICE robusta coffee (RMX26) closed up +56 (+1.66%). Coffee prices settled higher on Friday, consolidating this weekโs losses. On Thursday, arabica coffee dropped to a 1-month low and robusta fell to a 3-month low. Coffee prices have sold off sharply over the past […]
