A slew of soft data and renewed expectations that US President Donald Trump’s tariffs will only be a short-lived transactional measure hurt the dollar last week. The direction of US protectionism will be the main driver beyond the short term, and we should see the discussion on Mexico and Canada tariffs return to centre stage … Read more
Euro (EUR) is expected to trade in a 1.0450/1.0505 range vs the US Dollar (USD). In the longer run, rejuvenated upward momentum suggests EUR could continue to advance; the levels to monitor are 1.0530 and 1.0560, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Levels to monitor are 1.0530 and 1.0560 24-HOUR … Read more
EUR/GBP climbs as market sentiment improves after Germany’s conservative election victory. Investors focus on the coalition-building process, with strong leadership viewed as essential for driving key fiscal reforms in Germany. The Pound Sterling may find support as expectations for a Bank of England rate cut in March ease. EUR/GBP gains as the Euro finds support … Read more
Gold prices rose in Malaysia on Monday, according to data compiled by FXStreet. The price for Gold stood at 415.96 Malaysian Ringgits (MYR) per gram, up compared with the MYR 414.97 it cost on Friday. The price for Gold increased to MYR 4,851.73 per tola from MYR 4,840.13 per tola on friday. Unit measure Gold … Read more
NZD/USD strengthens as Retail Sales rose 0.9% QoQ in Q4 2024, marking the strongest growth in three years. China’s annual policy statement highlights plans to advance rural reforms and drive comprehensive rural revitalization. The US Dollar weakens amid disappointing US economic data released last week. NZD/USD recovers recent losses registered in the previous session, trading … Read more
European Central Bank policymaker and Bank of France head, Francois Villeroy de Galhau, said on Saturday that the ECB could cut its deposit rate down to 2% by this summer, per Reuters. “Seen from where we are today, we could be at 2% by the coming summer,” said Villeroy de Galhau. Market reaction At the … Read more