Senior Economist at UOB Group Alvin Liew reviews the latest US inflation figures and the impact on the Fed’s rate path in the near term. Key Takeaways “Both key measures of US inflation came in below expectations for Jul. US headline consumer price inflation was still elevated but came off from recent highs, to 8.5%… Read More »
The DXY is hoping for a break above 105.20 on advancing hawkish Fed bets. Investors are ignoring the one-time slowdown in the US Inflation rate. A higher US Michigan CSI will strengthen the DXY bulls further. The US dollar index (DXY) extended its gains to near 105.20 after sensing an intense buying interest while revisiting… Read More »
AUD/NZD is expected to display significant losses after surrendering the cushion of 1.0300. The RBNZ is likely to announce a half-a-percent rate hike for the fourth time consecutively. A lower Australian Consumer Inflation Expectations print has failed to support aussie bulls. The AUD/NZD pair has turned sideways at around 1.0400 after a downside move from… Read More »
USD/JPY is auctioning in a balanced profile above 133.00 as DXY extends recovery. A downward US CPI will result in a trimmed extent of hawkish guidance by the Fed. An ongoing Japan cabinet re-shuffle will keep the yen bulls on tenterhooks. The USD/JPY pair has extended its recovery and has managed to sustain above the… Read More »
Gold price has slipped to near $1,785.00 as the DXY has advanced above 105.00. The precious metal has shifted into a healthy correction phase. A little higher consensus for Michigan CSI has supported the DXY bulls. Gold price (XAU/USD) has dropped to near $1,785.00 after surrendering the critical support of $1,788.00 in the Asian session.… Read More »
AUD/USD has slipped to near 0.7070 amid a downward shift in Aussie inflation expectations data. The Aussie inflation guidance data has landed at 5.9%, lower than the prior release of 6.3%. A meaningful decline in US CPI may trim Fed’s hawkish guidance. The AUD/USD pair has dropped to near 0.7070 as the University of Melbourne… Read More »
AUD/NZD is auctioning a marked territory as investors await Australian Consumer Inflation Expectations. Aussie Inflation Expectations are likely to remain higher due to the unavailability of a downside signal. The RBNZ has already raised its OCR to 2.5% to combat price pressures. The AUD/NZD pair is displaying back and forth moves below the critical hurdle of… Read More »
Head of Research at UOB Group Suan Teck Kin, CFA, assesses the latest RBI monetary policy decision. Key Takeaways “The Reserve Bank of India (RBI) lifted its benchmark repo rate by 50 bps to 5.40% from 4.90% in its Aug monetary policy meeting in a unanimous decision. The move was more aggressive than Bloomberg survey… Read More »
