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Home / FX

FX

Japanese Yen sinks even after the BoJ hikes

USD/JPY spent Wednesday grinding higher again, which by rights should not be happening. The Bank of Japan (BoJ) raised its policy rate only last week, and a hike is meant to put a floor under a currency, not watch it sl…

Thai Baht: Low yields drive THB underperformance – MUFG

Lloyd Chan at MUFG argues that Thai Baht (THB) weakness, despite lower Oil prices, reflects its low-yield profile and the Bank of Thailand’s (BoT) growth-focused stance, which limits tightening scope. Rising United Stat…

Singapore Dollar: Pressured in strong USD environment – OCBC

OCBC’s Sim Moh Siong and Christopher Wong note USD/SGD has drifted higher on broad US Dollar (USD) strength and softer risk sentiment, with daily momentum bullish and Relative Strength Index (RSI) overbought. Softer Sin…

Commodity FX: Positioning shifts shape prospects – BNY

BNY’s Geoff Yu highlights that IMM volume is concentrated in commodity currencies, with AUD, NZD and NOK leading recent adjustments. NOK and CAD are seeing outflows linked to Oil sensitivity and modest Norges Bank tight…

Malaysian Ringgit: Bearish near term against US Dollar – MUFG

MUFG’s Lloyd Chan notes that MYR has underperformed since the June FOMC as higher US yields and wider US-Malaysia rate differentials weigh on the currency. While the bank’s medium-term constructive view on the ringgit r…

Hungary: Lower CPI supports NBH cuts – Standard Chartered

Standard Chartered’s Saabir Salad emphasizes that subdued inflation, aided by a strong Hungarian Forint (HUF) and government measures, has allowed the National Bank of Hungary (NBH) to turn more dovish. Salad cuts his 2…

ECB’s Schnabel: “More hiking is needed to get to 2%.”

European Central Bank (ECB) Executive Board member Isabel Schnabel said on Wednesday that from the present perspective, further interest rate hikes are needed to bring inflation back to the central bank’s 2% target.

SpaceX debut helps lift market sentiment after volatile week

U.S. stocks ended higher on June 12, 2026, with the Dow Jones Industrial Average gaining approximately 382 points, as declining oil prices, improving sentiment regarding developments in the Middle East, and strong inves…

How AI started turning memory into a structural bottleneck

The semiconductor market in early 2026 is experiencing a dramatic reversal that has caught many investors off guard. While Nvidia and other GPU makers trade sideways, memory stocks like SanDisk, Micron, and Western Digi…