Bank of Korea Delivers Back-to-Back 25bp Hikes to 3.0%, Signalling One More as KRW Gains Expected to Moderate

The Bank of Korea (BoK) has aggressively moved to curb inflationary pressures, implementing consecutive 25 basis point (bp) interest rate increases that have pushed its benchmark rate to 3.0%. This…

Vietnam: Exports and consumption stay robust – DBS | FXStreet

DBS Group strategists Taimur Baig and Nathan Chow have presented a robust forecast for Vietnam’s economy, projecting a continuation of strong double-digit growth in goods exports, anticipated to reach an…

Bank of Korea Delivers Second Consecutive Rate Hike, Signals Pause Amidst Won Consolidation

The Bank of Korea (BoK) recently announced a second consecutive 25 basis point (bp) increase to its benchmark interest rate, bringing it to 3.0%, a move that firmly underscores its…

BoE’s Bailey sees muted inflation effects, ahead of BoE’s meeting | FXStreet

Jackson Hole, Wyoming – Bank of England (BoE) Governor Andrew Bailey has expressed a cautious optimism regarding the trajectory of inflation in the United Kingdom, stating that he does not…

Nomura Forecasts ECB Rate Hike to 2.50% on September 10 Amidst Soaring Inflation and Resilient Growth

Frankfurt, Germany – Global financial services firm Nomura’s Euro area team anticipates the European Central Bank (ECB) will implement a 25-basis-point (bp) increase to its main refinancing operations rate, bringing…

Geopolitical Headwinds and Shifting Alliances Propel Brent Oil Amidst Fading US-Iran Talks and Speculation Over OPEC’s Future

Brent crude oil prices have recently demonstrated a notable recovery, with ICE Brent settling up 2.1% in a recent trading session, marking the first weekly gain amidst a complex interplay…

USD/JPY Dips as Robust Tokyo CPI Fuels BoJ Rate Hike Bets; Jackson Hole Awaits Fed Chair’s Remarks

The USD/JPY currency pair experienced a notable decline to approximately 159.30 during the early Asian trading session on Friday, reflecting a strengthening of the Japanese Yen (JPY) against the US…

Chinese Yuan: Measured RMB appreciation with two-way risks – OCBC | FXStreet

Singapore-based OCBC Bank strategists Sim Moh Siong and Christopher Wong have observed that the USD/CNH currency pair has recently demonstrated an upward trend, a movement attributed to a broader resurgence…

United States PCE Inflation Surprise Ignites Hawkish Market Reaction, Sending Dollar Soaring and EUR/USD to 1.1650

The financial markets experienced a significant shift in sentiment following the latest release of the United States Personal Consumption Expenditures (PCE) Price Index, which revealed an inflation surprise for July.…

Iran and Oman Announce Revenue-Sharing Agreement for Crucial Strait of Hormuz Amidst Enduring US-Tehran Tensions

The Islamic Revolutionary Guard Corps (IRGC) has announced a significant revenue-sharing agreement with Oman concerning the Strait of Hormuz, a critical global oil chokepoint, as the long-standing standoff between Tehran…