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The USD/CHF pair holds steady near 0.7870 during the early European session on Monday. The pair currently trades near the highest since April 30, bolstered by a stronger US Dollar (USD). Traders will closely monitor the developments surrounding the US-Iran conflicts. Hotter-than-expected US inflation reports released last week have led the market to price in potential US Federal Reserve (Fed) interest rate hikes later this year, supporting the Greenback. According to the CME FedWatch tool, financial markets are now pricing in nearly a 48.4% chance the Fed could hike rates by at least 25 basis points (bps) at its December meeting,…
The rupee fell to an all-time low on Monday as stubbornly high energy prices due to the Iran war sent global bond yields soaring, denting risk appetite and deepening economic headwinds confronting the world’s third-largest crude importer. The rupee fell to 96.18 per dollar, down 0.2% on the day and eclipsing its previous all-time of 96.1350. The currency is Asia’s worst performer so far in 2026, and has declined 5.5% since the Iran war erupted on February 28. The currency’s decline on Monday marks a fifth consecutive session in which it has hit a record low. Source
The Indian rupee could plumb to record lows again this week, while bonds are expected to extend their fall, as investors fret over growth-inflation risks facing Asia’s third-largest economy on account of the Iran war. The rupee slipped past the 96-per-dollar mark to hit a record low last week, falling 5% since the Iran war erupted on February 28. Brent crude oil prices climbed to nearly $110 per barrel, sending global bond yields higher on rising expectations that central banks would need to tighten monetary policy to rein in inflationary pressures. Policymakers in India have also taken measures to ease…
Gold price (XAU/USD) declines to around $4,535 during the early Asian trading hours on Monday. The precious metal remains on the defensive as heightened inflation concerns, due to the conflict in the Middle East, reinforce bets for higher interest rates.US President Donald Trump on Sunday threatened Iran to “get moving,” or seemingly face new consequences. He left China with no major breakthroughs on trade or tangible help to end the war.“The Chinese really didn’t offer much help in resolving the conflict, and we’re seeing crude oil move up, which reinforces the inflation narrative, and that’s been very bearish for the metals,” said Edward Meir,…
The rupee breached the psychologically significant 96/$ mark for the first time Friday as crude oil prices neared $110 a barrel, intensifying pressure on policymakers to come up with a plan to bring in fresh long-term dollar inflows that could arrest the protracted slide in the local currency.The rupee touched a record low of 96.14/$ during the session before recovering to close at 95.96/$, down 20 paise from its previous close of 95.76/$. Dealers attributed the recovery to interventions by the RBI in the final minutes of trading, with the currency managing to close just below the 96/$ level. “As…
ING analysts see Taiwan’s external demand remaining a key growth driver, led by technology exports. They expect export orders to stay very strong, even as the year-on-year rate moderates. Robust higher-tech product prices are supporting headline export values and overall growth, although they also raise import costs, tempering some of the positive impact on Taiwan’s trade balance.Export orders remain exceptionally strong”Taiwan releases its export orders data.””We expect orders to moderate to 54.3% YoY, which remains a very strong reading.””Export orders opened the year quite strongly, suggesting that Taiwan’s external demand-driven growth is set to continue.””Higher-tech product prices have been a…
DBS economists Taimur Baig and Radhika Rao anticipate Singapore’s April 2026 non-oil domestic exports to rise 11.5% year-on-year, marking an eighth consecutive month of expansion after 15.3% in March. The performance is expected to be driven by strong electronics benefiting from global artificial intelligence demand, while non-electronics lag and petrochemicals face downside risks from Middle East-related feedstock disruptions.Electronics strength offsets petrochemical risks”Singapore’s goods export performance likely remained robust in April 2026, in line with regional trends.””We expect non-oil domestic exports (NODX) to grow by 11.5% yoy in April, extending the expansion for the eighth consecutive month, compared with 15.3% yoy…
ING’s Min Joo Kang expects Japan’s economy to maintain similar growth to the previous quarter, with first-quarter Gross Domestic Product (GDP) seen rising 0.3% quarter-on-quarter. The war-related energy shock is judged to have limited impact on trade and growth but a more visible effect on inflation. ING forecasts April inflation at 1.8% year-on-year, helped by subsidies that cap broader price pressures.Growth steady while prices edge higher”Japan’s upcoming data releases will reveal the economic impact of energy disruptions.””Energy effects may have a limited impact on growth but a greater impact on inflation.””We believe the economy continued to grow at a similar…
The US Dollar Index (DXY) climbs above the 99.30 region, reaching fresh multi-week highs on Friday as stronger-than-expected United States (US) economic data reinforced expectations that the Federal Reserve (Fed) may keep interest rates elevated for longer. April Retail Sales rose 0.5%, highlighting resilient consumer spending despite elevated borrowing costs, while hotter Consumer Price Index (CPI) and Producer Price Index (PPI) reports continued fueling inflation concerns. 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 New Zealand Dollar. USDEURGBPJPYCADAUDNZDCHFUSD0.42%0.66%0.27%0.27%1.05%1.26%0.40%EUR-0.42%0.24%-0.13%-0.16%0.62%0.87%-0.00%GBP-0.66%-0.24%-0.36%-0.39%0.41%0.62%-0.24%JPY-0.27%0.13%0.36%-0.01%0.75%0.98%0.12%CAD-0.27%0.16%0.39%0.01%0.75%0.96%0.14%AUD-1.05%-0.62%-0.41%-0.75%-0.75%0.24%-0.63%NZD-1.26%-0.87%-0.62%-0.98%-0.96%-0.24%-0.85%CHF-0.40%0.00%0.24%-0.12%-0.14%0.63%0.85% The heat map…
OCBC’s strategist Christopher Wong says Asian FX remains constrained by a firm Dollar and higher US yields, despite some optimism around US–China talks. The Renminbi (RMB) is the main outperformer on lower USD/CNY fixes and policy-tolerated appreciation, but broader Asia FX stays soft. The bank characterizes the backdrop as measured, selective optimism rather than a broad regional rally.Selective RMB resilience versus softer Asia FX”The FX read-through was less clear-cut.””Better US retail sales data reinforced the resilience of the US consumer and saw markets price in around a 23% probability of a 25bp Fed hike by Dec-2026, lending support to the…