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The dollar fell for a second straight session on Friday as recent economic data and a drop in oil prices slightly cooled expectations for Federal Reserve rate hikes, although the yen remained in territory that left it primed for an intervention. Despite the recent declines, the greenback was still up for the week and on pace for its strongest monthly percentage gain since July after hitting a 13-month high earlier in the week. Thursday’s data showing a key measure of U.S. inflation met economists’ expectations and easing oil prices, down about 4% on Friday, have moderated rate-hike bets slightly.Markets are…
HSBC portrays Vietnam as one of Asia’s fastest-growing economies, supported by booming electronics exports and import-intensive manufacturing. However, a widening trade deficit and elevated Oil prices are eroding the current account surplus and pushing inflation above the State Bank of Vietnam’s ceiling. The bank trims its external surplus forecast and raises its 2026 inflation projection.Fast expansion with external and price pressures”Despite moderating from last year’s 8%, the country saw rather decent growth of 7.8% y-o-y in 1Q26. This easily made Vietnam sustain its position asone of Asia’s fast-growing economies.””Nevertheless, a detailed look at trade data shows Vietnam’s trade resilience. Exports…
OCBC’s FX strategists Sim Moh Siong and Christopher Wong highlight that USD/SGD has eased as US Dollar (USD) momentum softened on core Personal Consumption Expenditures (PCE) Price Index data, with the pair around 1.2960. Bullish daily momentum remains, but Relative Strength Index (RSI) is turning lower from overbought, and they are monitoring whether this turnaround extends or attracts dip-buying. They flag potential distortion from quarter-end flows and outline nearby support and resistance levels.Pair eases as USD momentum softens”USD/SGD found reprieve overnight as USD momentum eased on core PCE data. Pair was last at 1.2960 levels.””Bullish momentum on daily chart remains…
HSBC notes that Thailand’s 1Q26 growth beat expectations on the back of strong electronics exports and robust private investment and consumption, supported by AI-related activity and fiscal stimulus. However, non-AI sectors face Chinese competition, and consumption is expected to cool as subsidies fade. The bank upgrades 2026 growth but cuts its 2027 forecast and sees inflation easing below 2%.Short-term boost, medium-term headwinds”Growth in 1Q26 exceeded expectations, accelerating to 2.8% y-o-y despite the turmoil in the Middle East. Sectors and industries that are part of the data centre and AI supply chains were particularly buoyant.””Goods exports from Thailand surged 15.5% y-o-y…
DBS Group Research’s Ma Tieying expects South Korea’s June exports to remain very strong, with year-on-year growth around 50–60% and the trade surplus widening above USD30bn. AI-related semiconductor demand and higher memory prices are seen offsetting energy imports. Headline and core CPI are forecast to rise further, and the Bank of Korea is projected to deliver two 25bps rate hikes by 4Q.Exports strength and CPI upside”June trade and inflation data will be the key focus ahead.””Exports are expected to maintain strong growth of 50-60% yoy for the fourth consecutive month, based on the preliminary data for the first 20 days…
Silver (XAG/USD) price registers gains of nearly 2% on Friday but is poised to finish the week with losses of nearly 10%, as the white metal falls below the $60.00 threshold for the first time since the rally that began at the beginning of December 2025. At the time of writing, the XAG/USD pair trades at $59.00 after hitting a low of $55.70.XAG/USD Price Forecast: Technical outlookThe white metal has enjoyed quite a reversal and, so far, has fallen nearly 22% in June. After reaching a record high of $121.66 per troy ounce in January, Silver has lost its luster…
OCBC’s FX strategists Sim Moh Siong and Christopher Wong note USD/CNH’s recent run-up has stalled, with the pair around 6.8020 and daily bullish momentum intact but RSI turning lower from overbought. They caution CNH may still trade on the back foot near term if Dollar strength persists, yet view recent Renminbi (RMB) slippage as a correction, expecting weakness to remain measured unless the fixing signals broader depreciation.Momentum stalls near resistance”The recent run-up in USD/CNH slowed overnight, tracking moves in the USD. Pair was last at 6.8020 levels.””Bullish momentum on daily chart intact but RSI shows tentative signs of turning lower…
Gold (XAU/USD) price recovers some ground on Friday, hitting a two-day high of $4,096 as the Greenback edges lower alongside Treasury yields after investors trimmed hawkish bets on the Federal Reserve (Fed). The XAU/USD pair trades at $4,076, up 1.24%.XAU/USD rises as traders trim Fed hawkish betsThe yellow metal has failed to gain meaningful traction over the last few days, even though the US 10-year Treasury yield has fallen nearly 14 basis points since Wednesday, to 4.374%.eExpectations that prices would fall after the resolution of the US-Iran conflict and the reopening of the Strait of Hormuz sent Oil prices tumbling,…
The upcoming week will bring a fresh test for major currency pairs as investors look ahead to key United States (US) labor market data, ISM Manufacturing figures, Eurozone inflation releases, and central bank commentary from the Federal Reserve (Fed), European Central Bank (ECB), Bank of England (BoE), and Reserve Bank of Australia (RBA).The US Dollar Index (DXY) fell near the 101.30 level on Friday amid profit-taking ahead of the end of the quarter. Investors’ main focus will be on JOLTS Job Openings, ADP Employment Change, ISM Manufacturing Purchasing Managers Index (PMI), Initial Jobless Claims, and Friday’s Nonfarm Payrolls report. A…
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note USD/SGD has stalled after a six-day advance, with the pair easing to 1.2950 before closing near 1.2970. In the near term, they expect range trading between 1.2950 and 1.2980, while warning that a break below 1.2925 would signal the recent 1.2991 high may cap current Dollar strength against the Singapore Dollar.USD/SGD upside momentum cools”24-HOUR VIEW: Two days ago, USD rose more than we expected to 1.2991 and then eased. Yesterday, when USD was at 1.2975, we highlighted that USD “appears to be unwinding from overbought conditions, and any decline…