Banks
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Indonesian Rupiah: BI pause seen as hawkish hold – UOB
UOB Global Economics & Markets Research notes that Bank Indonesia kept its policy rate at 5.75%, opting to let earlier…
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Malaysia: Solid fundamentals support Ringgit and bonds – DBS
DBS Group Research economist Chua Han Teng argues that Malaysia’s financial markets reflect confidence in the country’s solid domestic fundamentals…
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South Korean Won: Strong GDP and inflows support Won – Commerzbank
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…
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Brent: War premium drives triple-digit prices – UOB
UOB Global Economics & Markets Research highlights that escalating US-Iran tensions and Houthi attacks on Red Sea shipping have driven…
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South African Rand: SARB surprise weighs against US Dollar – Commerzbank
Commerzbank’s Volkmar Baur says the South African Reserve Bank’s (SARB) decision to keep its policy rate unchanged at 7% came…
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Gold: Oil-led inflation fears cap recovery – ING
ING’s Warren Patterson and Ewa Manthey report that Gold has come under pressure as higher Oil prices stoke inflation concerns and push…
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Euro: Rate support seen fading gradually against US Dollar – MUFG
MUFG’s Derek Halpenny says the ECB’s latest communication supports a likely September rate hike, now almost fully priced, but warns…
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South Korean Won: Reform-driven support for won – Commerzbank
Commerzbank’s Dr. Henry Hao and Moses Lim highlight that the South Korean government has unveiled a major South Korean Won…
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British Pound: Fiscal shield tests gilt and FX credibility – BNY
BNY’s Geoff Yu argues that Prime Minister Andy Burnham’s removal of Value Added Tax (VAT) on household electricity is a…
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Singapore Dollar: AI exports support SGD against US Dollar – Commerzbank
Commerzbank’s Moses Lim and Dr. Henry Hao note that Singapore’s June non-oil domestic exports (NODX) growth moderated to 20.7% year-on-year…
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