Key points: The personal consumption expenditures index (PCE) will be announced on Friday. If the PCE data for May shows price pressures eased from April’s 2.8% clip, this will increase the probability of interest rate cuts this year. The US …
Bank Indonesia (BI) signals that there is no necessity for rate hikes despite the decline of the IDR to 2020 lows. Explore how BI will stabilise and manage inflation.
Key points: Indian rupee expected to open weaker after US business activity rise. Dollar index climbs to 105.84, impacting rupee performance. The Indian rupee is likely to face pressure at the start of the week following a rise in U.S. …
Key points: Chicago wheat futures fell to $5.73-1/2 a bushel, the lowest since April. The U.S. dollar’s strength is impacting wheat, corn, and soybean prices. Chicago wheat futures experienced a dip to their lowest point since April, driven by a …
With a strong US dollar in the backdrop, the USDCNH currency pair is seeking to break above 7.30, despite efforts from the PBOC to counterbalance the US dollar.
This week, market participants will have their eyes on key economic indicators from Australia, the US, and China, as these data points are expected to provide deeper insights into inflation trends and economic health. Australia to release CPI for June …
Key points: The Monetary Authority of Singapore (MAS) is expected to maintain its stable monetary policy stance until 2025 due to persistent core inflation. The economy of Singapore showed resilience in Q1 2024, primarily driven by the services sector. While …
Copper prices dipped with a stronger dollar but are set for the first weekly gain in five weeks. Increased physical demand offers support as markets stabilise.
Gold on track for its second straight weekly gain. Weak U.S. economic data boosts Fed rate cut expectations. Gold prices remained stable on Friday, maintaining momentum for a second consecutive weekly gain. This trend is driven by weak economic data …
Key points: The Australian dollar hits a 17-year high against the yen and a one-year top on the euro. The Reserve Bank of Australia (RBA) holds rates steady at 4.35% while warning of potential inflation risks. The Australian dollar experienced …
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