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Gold price (XAU/USD) recovers some lost ground to around $4,345 during the early Asian session on Monday. However, the potential upside for the precious metal might be limited amid ongoing tensions in the Middle East and expectations that the Federal Reserve (Fed) will keep interest rates unchanged. Reuters reported on Sunday that the Israeli military said that it intercepted waves of missiles fired from Iran for the first time since early April. Iranian officials said that any attack from Israel against Lebanon or Iran would be met with a “crushing and comprehensive response.”US President Donald Trump said that he would call Israeli…

The dollar was higher on Friday and set for a more than 1% weekly gain after the U.S. economy posted another month of strong employment gains in May. Nonfarm payrolls increased by 172,000 jobs last month, the Labor Department’s Bureau of Labor Statistics said in its closely watched employment report on Friday. Economists polled by Reuters had forecast payrolls increasing by 85,000 jobs after a previously reported 115,000 rise in April. The number sent the dollar up sharply against the yen, which has been testing the 160-per-dollar barrier this week, drawing sharp warnings from Japanese officials as Middle East tensions…

The rupee outshone its Asia Pacific peers to rally 84 paise on Friday, recording its biggest daily advance in more than two months after the Reserve Bank of India (RBI) and the Centre unveiled a raft of measures to draw in foreign inflows and underpin the currency. It raced past 95 to a dollar to close at 94.95, versus 95.79 a day earlier, as currency bears were whipped in unidirectional trade on expectations that the steps could well attract funds equivalent to about 7% of the current forex stockpile.Market participants broadly expect inflows of $20-50 billion via the NRI deposit…

UOB economists Julia Goh and Loke Siew Ting note that Philippine inflation unexpectedly eased in May but remains above the Bangko Sentral ng Pilipinas (BSP) target, keeping risks tilted to the upside. They expect the BSP to deliver a 25bps hike to 4.75% on 18 June and another 25bps to 5.00% in 3Q26, then hold rates to anchor expectations and support the Philippine Peso (PHP).BSP seen hiking to 5.00 percent”Notwithstanding the slower-than-expected headline inflation outturn, risks to the near-term inflation outlook remain skewed to the upside.””Thus, we retain our full-year 2026 inflation forecast at 7.5% for now (BSP est: 6.3%;…

NZD/USD falls sharply towards the 0.5790 region on Friday as the US Dollar (USD) strengthened following a stronger-than-expected Nonfarm Payrolls (NFP) report, while the New Zealand Dollar (NZD) struggled to attract buyers amid a cautious market mood. At the time of writing, the pair trades at 0.5791, its lowest level in the last two months.The Bureau of Labor Statistics reported that the United States (US) economy added 172K jobs in May, significantly above market expectations of 85K and following an upwardly revised gain of 179K in April. Meanwhile, the Unemployment Rate held steady at 4.3%, while annual wage growth eased…

DBS Group Research’s Chang Wei Liang highlights that USD/KRW has pushed above 1530 as weakness in semiconductor stocks adds pressure on the Korean Won. He links KRW softness to foreign investor profit-taking after a sharp KOSPI rally and warns that further outflows, limited exporter repatriation of overseas earnings, and persistently high Oil prices could destabilize the currency.Won vulnerable on chips and flows”USD/KRW have sallied above 1530, and wobbles in semiconductor stocks today could pose another risk.””Following a retreat in US semiconductor stocks led by an industry bellwether on Thursday, Korean chipmakers have fallen 6% in early trading today.””KRW weakness has…

Silver (XAG/USD) price tanks and challenges the 200-day Simple Moving Average (SMA) near $67.79 on Friday, as the white metal registers a daily loss of nearly 8% and is poised to end the week down by almost 10%, amid a stronger-than-expected US Nonfarm Payrolls report.XAG/USD Price Forecast: Technical outlookSilver has extended its losses this week, hitting a nine-week low of $68.03, as sellers target the 200-day SMA. Momentum, as measured by the Relative Strength Index (RSI), shows that sellers are in charge as the index approaches oversold territory.If XAG/USD tumbles below the 200-day SMA, the next area of interest would…

Standard Chartered economists Jonathan Koh and Edward Lee revise their Bangko Sentral ng Pilipinas (BSP) policy rate path, dropping expectations for a 50bps off-cycle hike before the 18 June meeting. They still project a 50bps increase in June and 25bps in August as inflation risks persist and PHP weakness raises imported inflation concerns. Policy easing is only expected from Q2-2027.BSP path revised but still hawkish”We no longer expect Bangko Sentral ng Pilipinas (BSP) to deliver a 50bps off-cycle rate hike ahead of its scheduled 18 June monetary policy meeting.””That said, we maintain our call for a 50bps hike at the…

DBS Group Research economist Radhika Rao highlights that Indonesia’s onshore markets are under pressure, with the Rupiah at record lows and equities near six‑year lows. She notes that Bank Indonesia’s mandate will be broadened to include the real sector, while fiscal and oil‑related pressures build. Despite the expanded mandate, DBS expects monetary policy to stay focused on financial market stability and further rate tightening.Rupiah weakness and BI mandate shift”Indonesia’s onshore asset markets have been under pressure, with the IDR depreciating to an all-time low past 18000/USD (down ~7.5% ytd) and the benchmark equity index at a near six-year low.””Without fuel…

The US Dollar (USD) rallied to near 100.10 on Friday, rising from a daily low of 99.16, after the US Nonfarm Payrolls (NFP) report showed the economy added 172K jobs in May, well above the 85K expected, reinforcing expectations that the Federal Reserve (Fed) could raise interest rates later this year. The US Unemployment Rate held at 4.3%, while wage growth eased to 3.4%, suggesting a resilient labor market with softer pay pressure. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the…