Chinese Yuan: Consolidation with downside risk toward 6.7330 – UOB
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
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- 2 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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- 2 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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- 2 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
- 2 weeks ago
ECB’s Vujcic warns energy shock could keep inflation hot
European Central Bank (ECB) Vice President Boris Vujcic said on Friday that the ECB started a tightening cycle and sees a “risk of higher for longer energy prices.” He added that diesel prices will stay high for a long time, feeding into inflation. Key highlights: We have started a tightening cycle See risk of higher […]
by Currency Hedger
- 0 Comments
- 2 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
- 2 weeks ago
Fed’s Hammack warns inflation mindset is the biggest risk
The Cleveland Federal Reserve (Fed) President Beth Hammack said on Friday that “the biggest risk with inflation is the formation of an inflationary mindset”, in a panel discussion hosted by the Cleveland Fed, with Vujcic, the Vice President of the European Central Bank (ECB), and Bank of Mexico’s (Banxico) Deputy Governor Jonathan Heath. Hammack reiterated […]
by Currency Hedger
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- 2 weeks ago
Mexico Unemployment Edges Higher in August
Mexico’s unemployment rate edged up to 3.0% in August 2026 from 2.9% in July, matching forecasts. The unemployed population totaled 1.9 million. The unemployment rate was 3.1% among women and 2.9% among men. Regarding the duration of unemployment, 43.1% of the unemployed had been without work for one month or less, while 32.5% had been […]
by Currency Hedger
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- 2 weeks ago
US Durable Goods Orders Unexpectedly Flat
New orders for US-manufactured durable goods were largely flat month-over-month at $338.6 billion in August 2026, following two consecutive monthly increases and compared to market forecasts for a 0.4% decrease. Orders declined for transport equipment (-0.6%), namely nondefense aircraft and parts (-4.3%) and vehicles and parts (-0.6%), as well as fabricated metal products (-1.3%). Conversely, […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Copper Holds Near Record High as Supply Risks Tighten the Market
Copper remains close to record levels as a combination of disrupted mine supply, refinery maintenance and strong demand from electrification continues to tighten the market. US copper futures are trading near $6.70 per pound, within reach of the record high of $6.80 reached earlier in September. The market is increasingly focused on whether supply disruptions […]
by Currency Hedger
- 0 Comments
- 2 weeks ago