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USD/IDR has recovered its losses from the previous trading day, hovering around 18,050 during the Asian hours on Monday. The pair appreciates as the Indonesian Rupiah (IDR) faces pressure following the surprise resignation of Bank Indonesia (BI) Governor Perry Warjiyo, a move expected to rattle investors and reignite concerns over central bank independence. Senior Deputy Governor Destry Damayanti has been appointed interim governor, clarifying that Warjiyo stepped down for personal reasons.The upside of the USD/IDR pair could be limited as the US Dollar (USD) falls sharply, as geopolitical tensions eased following a weekend pause in military hostilities between the US…

Mumbai: The rupee is headed into a crucial week, trading close to its record low and within sight of the psychologically important 97-per-dollar level, as elevated oil prices and geopolitical risks threaten to put fresh pressure on the currency.Rupee closed at 96.56 on Friday, close to its all-time low of 96.96 hit in late May. Traders said the RBI has been defending the 96.55-96.60 zone aggressively, but a further rise in oil prices or any fresh negative geopolitical development could test how far, and at what level, it is prepared to intervene.Traders are also tracking debt inflows and the pace…

The dollar was set for its biggest weekly gain since mid-June, buoyed by the rise in oil prices, while the yen was poised for its largest weekly percentage decline in more than two months as the currency languishes at 40-year lows despite Japan’s pledges to buttress the currency. Verbal efforts to support the yen have seen muted results, with Japan’s Finance Minister Satsuki Katayama once again reiterating on Friday the government’s readiness to take action in the foreign exchange market. Some analysts see another intervention by Japanese ‌officials as likely to have ⁠only a ⁠short-lived effect, similar to recent interventions…

OCBC’s Sim Moh Siong and Christopher Wong expect the Monetary Authority of Singapore (MAS) to leave the Singapore Dollar (SGD) Nominal Effective Exchange Rate (S$NEER) policy unchanged at Monday’s meeting despite a modest rebound in core Consumer Price Index (CPI) to 1.6% year-on-year in June. They argue the move does not yet signal a broad or persistent inflation impulse, and say a balanced hold should limit SGD reaction, though emphasis on imported inflation could keep S$NEER firm.Policy pause but watch statement tone”Our base case for upcoming MAS MPS looks for a hold at Monday’s meeting.””The modest rebound warrants some caution,…

The EUR/JPY consolidates around 186.00, edges down by 0.06% amid a souring of risk appetite amid the escalation of the US-Iran war, and strengthens safe-haven assets like the Japanese Yen.EUR/JPY Price Forecast: Technical outlookThe EUR/JPY trades sideways after reaching the year-to-date (YTD) high of 187.95. The cross-pair dipped toward the 183.00 area following the Bank of Japan’s (BoJ) last intervention, and since then buyers have reclaimed key resistance levels to reach the 186.00 mark.At the time of writing, the EUR/JPY remains capped within the 186.00-187.00 range, amid fears that Japanese authorities could intervene in the foreign exchange markets. But bulls…

DBS Group Research economist Chua Han Teng argues that Malaysia’s financial markets reflect confidence in the country’s solid domestic fundamentals despite lingering Middle East geopolitical risks. The Malaysian Ringgit has outperformed regional peers, government bond yields remain stable, and resilient growth data have led DBS to upgrade its 2026 real GDP forecast to 5.2% from 4.7% previously.Ringgit strength and resilient GDP outlook”Malaysia’s financial markets are signalling investor confidence in the economy’s solid domestic fundamentals, even as geopolitical risks in the Middle East linger.””The Malaysian ringgit has outperformed its regional peers so far this year, reflecting resilient bond portfolio inflows, although…

Commerzbank reports that South Korea’s advance Q2 GDP rose 0.6% quarter-on-quarter and 3.7% year-on-year, beating expectations. Robust AI-related semiconductor demand and resilient domestic spending underpin growth. The strong data support prospects of a further 25bp Bank of Korea hike in August. USD/KRW fell to 1,475, with the Won aided by portfolio inflows into bonds and equities.Growth surprise bolsters BoK hike case”The advance Q2 GDP rose 0.6% qoq sa (Bloomberg consensus: 0.4%) vs 1.8% in Q1. This suggests that growth momentum remained resilient despite energy supply disruptions.””On an annual basis, the economy expanded 3.7% yoy (Bloomberg consensus: 3.5%) vs 3.8% previously.…

The upcoming week will be dominated by monetary policy decisions from the Federal Reserve (Fed), Bank of England (BoE) and Bank of Japan (BoJ). United States (US) Gross Domestic Product (GDP) and Personal Consumption Expenditures (PCE) inflation, Australian inflation and preliminary Eurozone growth and inflation figures will also attract significant attention.The US Dollar Index (DXY) trades near 101.50 ahead of a particularly busy United States (US) economic calendar. Monday’s Durable Goods Orders are expected to rebound by 1.6% in June after falling 4.5% previously, while orders excluding transportation are forecast to rise 0.9%. US Dollar Price Today The table below…

The New Zealand Dollar gains over 0.30% against the US Dollar on Friday. The pair is poised to test key resistance levels with the 50-day Simple Moving Average (SMA) at 0.5793, slightly below the 0.5800 figure. At the time of writing, the NZD/USD trades at 0.5789, after bouncing off daily lows of 0.5767.NZD/USD Price Forecast: Technical outlookThe Kiwi Dollar seems to recover during the day, but the overall trend is downwards, until the pair reclaims the May 29 high of 0.5995. Momentum turned bullish as depicted in the Relative Strength Index (RSI), but seems to be fading as the index…

OCBC’s Sim Moh Siong and Christopher Wong note that the Thai Baht (THB) is trading near its weakest level in more than a year against the US Dollar (USD), as volatile oil prices, a firmer USD and higher US yields weigh on the currency. They highlight the Bank of Thailand’s (BoT) accommodative stance and tolerance for gradual weakness, but warn that sharper depreciation could test policymakers if oil remains elevated and imported inflation builds.High energy costs and policy stance weigh”THB stayed under pressure as rise in oil prices was compounded by firmer USD, higher US yields while BoT’s still-accommodative stance…