Please fill out the form below and we will get back to you as soon as possible.
The Reserve Bank of New Zealand raised the Official Cash Rate (OCR) by 25 basis points to 2.75% on Wednesday. Annual CPI inflation accelerated to 4.1% in Q2 , largely due to higher fuel prices linked to the conflict in the Middle East. However, the RBNZ emphasized that underlying inflationary pressures remain considerably weaker. Excluding […]
Antje Praefcke at Commerzbank highlights that markets now price nearly a 70% chance of a September Fed hike after Chair Kevin Warshโs hawkish speech, but stresses upcoming US inflation data will be decisive. She downplays the jobs report as a linchpin and questions how long the Dollar can benefit from a potential rate hike amid renewed political […]
UOBโs Quek Ser Leang and Lee Sue Ann note GBP/USD broke below its anticipated intraday range, dropping to 1.3507 as downside momentum starts to build. Intraday, they expect a bearish bias with potential tests of 1.3500 and the major 1.3480 support, provided prices stay below 1.3545. Over one to three weeks, they keep a downside risk focus, […]
Danske Research Team notes that EUR/USD slipped below 1.1600 as the US Dollar strengthened on a hawkish Federal Reserve stance and geopolitical tensions. The team highlights that Euro area inflation has moved back above 3%, reinforcing expectations for a September ECB rate hike. Manufacturing data show a rebound led by Germany, while unemployment remains historically […]
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.10 during the early European trading hours on Wednesday. WTI declines as traders take some profits. However, the potential downside of black gold might be limited amid ongoing tensions in the Middle East. Iranโs Islamic Revolutionary Guard Corps (IRGC) claimed it has launched a โheavyโ ballistic missile attack on […]
The Canadian Dollar (CAD) depreciates against the US Dollar (USD) for the second consecutive day on Wednesday, weighed by growing risk aversion as global yields rise to multi-year highs and with expectations of an immediate Federal Reserve (Fed) rate hike providing additional support to the Greenback. The USD/CAD pair has reached fresh two-week highs above 1.3920 ahead of the […]
Bank of Japan (BoJ) board member Hajime Takata said on Wednesday that the central bank needs a different response from conventional semi-annual rate hike pace. Key quotes 2026 marks a regime change, needs a different response as rate hikes are becoming a global trend on the back of economic growth, as well as AI-linked investment. […]
The Indian Rupee (INR) opens flat at around 94.95 against the US Dollar (USD) on Wednesday, but is close to its two-month low of 94.80 posted the previous day. The Indian currency is expected to face selling pressure against the US Dollar, as the latter has strengthened due to increasing expectations that the Federal Reserve (Fed) will […]
Reserve Bank of New Zealandโs (RBNZ) Governor Anna Breman presents the prepared remarks on the Monetary Policy Review (MPR) and responds to media questions at the press conference after the September monetary policy announcement. Earlier on, Breman and her colleagues hiked the Official Cash Rate (OCR) by 25 basis points (bps) to 2.75%, as widely […]
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground for the second successive day and trading around 99.70 during the Asian hours on Wednesday. The Greenback has strengthened amid rising bond yields and surging oil prices, which have reignited concerns over persistent inflation […]
