USD/IDR pares Monday’s heavy losses even after strong Indonesia Retail Sales growth for June. Indonesia cuts export tax threshold for crude palm oil, government expected 5.00-5.2% GDP growth for 2022. Sluggish yields, cautious mood keeps the US dollar on the front foot ahead of Wednesday’s US inflation data. USD/IDR grinds higher around 14,860, paring the… Read More »
NZD/USD remains sidelined after rising the most in three weeks the previous day. New Zealand Electronic Card Retail Sales improved MoM, dropped on YoY during July. Softer US Treasury yields weighed DXY, China trade numbers favored Antipodeans. Kiwi bears ignored softer prints of Q3 RBNZ Inflation Expectations with eyes on US CPI for July. NZD/USD… Read More »
Alvin Liew, Senior Economist at UOB Group, comments on the release of Retail Sales figures in Singapore. Key Takeaways “Singapore’s retail sales declined by -1.4% m/m, following 1.8% increase in May, breaking the streak of 3 consecutive months of m/m increase. That translated to a weaker-than-expected 14.8% y/y expansion in Jun (from 17.8% in May),… Read More »
