Banks
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Indonesian Rupiah: Off-cycle BI hike to stabilize rupiah – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that USD/IDR retreated sharply after hitting a fresh record high, as Bank Indonesia…
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Chinese Yuan: Trade data supports currency strength – Societe Generale
Societe Generale notes China’s trade surplus widened to USD 105.4 billion in May, driven by a 19.4% year‑on‑year surge in…
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Equities: Tech-led rebound contrasts Asia weakness – Danske Bank
Danske Research Team describes uneven equity performance, with Far East markets dragging global indices lower while US benchmarks rebounded, led…
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Japanese Yen: May weaken toward 160.75 against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann describe USD/JPY as range-bound intraday between 159.90 and 160.40 after a brief…
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Russian Ruble: Oil-driven gains seen fading into year-end – Commerzbank
Commerzbank’s Tatha Ghose notes that Russia’s central bank has shifted EUR/RUB pricing to derive from USD/RUB, despite thin hard-currency trading.…
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US Dollar Index: Consolidation phase before data – ING
ING’s Chris Turner notes that risk assets and Asian currencies have stabilised, but expects the US Dollar (USD) to stay…
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US Dollar: Safe-haven bid with conflict and yields – BNY
BNY’s Bob Savage notes that escalating Middle East tensions and higher U.S. Treasury yields are driving risk-off flows, with the…
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Euro: ECB hike seen limiting upside versus US Dollar – OCBC
OCBC’s Sim Moh Siong expects the European Central Bank (ECB) to deliver a one-off 25 bp ‘insurance’ hike to 2.25%,…
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Indian Rupee: RBI measures support INR near term – MUFG
MUFG’s Michael Wan analyses new Reserve Bank of India and government measures that could generate around US$40bn of inflows and…
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US Dollar Index: Fed pricing and risk-off flows keep DXY supported – ING
ING’s Chris Turner sees the US Dollar (USD) underpinned by hawkish Federal Reserve repricing and a risk-off tone in equities ahead of key United…
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