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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…

UOB’s Global Economics & Markets Research, led by Enrico Tanuwidjaja and Sathit Talaengsatya, argues that Thailand’s latest Consumer Price Index (CPI) data confirm a cost-push rather than demand-led inflation backdrop. They keep headline inflation forecasts at 1.4% for 2026 and 1.2% for 2027 and expect the BoT to maintain the 1-day repo rate at 1.00% through 2026 and 2027.Cost-push inflation supports steady BOT stance”That said, while noting the upside risks, we maintain our projection for headline inflation at 1.4% for 2026 and 1.2% for 2027, and our call for BoT to keep the policy rate at 1.00% through end-2026 and…

NZD/USD slips to its lowest level since April on Friday as the US Dollar (USD) receives fresh bids in the wake of solid US Nonfarm Payrolls (NFP) data. At the time of writing, the pair trades around 0.5800 and is heading for a weekly loss of nearly 3%.The US economy added 172K jobs in May, well above market expectations of 85K. April’s payroll figures were revised higher to 179K from 115K, while the Unemployment Rate held steady at 4.3%.Following the data, the US Dollar climbed to a two-month high as stronger-than-expected labor market data reinforced expectations that the Federal Reserve…

US Treasury yields skyrocket across the whole curve on Friday, with the 2-year Treasury note yield rising over 12 basis points, while the benchmark note, the 10-year, surges six basis points following an outstanding Nonfarm Payrolls report.Treasury yields surge after payrolls crush forecasts, lifting DollarAt the time of writing, the US 2-year Treasury note yields 4.162%, while the 10-year yield is at 4.538%. This signals that traders are expecting the Federal Reserve (Fed) to raise interest rates, spurred by high US inflation, with the latest Consumer Price Index (CPI) report showing prices rose 3.8% in April.The stellar May’s Nonfarm Payrolls…

The Swiss Franc (CHF) weakens on Friday as the US Dollar (USD) outperforms its major peers following upbeat US labor market data. At the time of writing, USD/CHF is trading around 0.7955, climbing to a two-month high.US Nonfarm Payrolls rose by 172K in May, more than double what markets had expected. April’s payroll figures were revised higher to 179K from 115K, while the Unemployment Rate held steady at 4.3%.The data suggests the US labor market is regaining momentum after a notable slowdown last year, which prompted the Federal Reserve (Fed) to deliver three consecutive “risk-management” rate cuts.As the labor market…