Latest news with #GlobalEconomic&MarketsResearch
Wall Street Journal
5 hours ago
- Business
- Wall Street Journal
Singapore Dollar Steady; May Consolidate for Most of This Week
0311 GMT — The Singapore dollar is steady against its U.S. counterpart in the Asian session, and may consolidate for most of this week. The major driver for this week will likely be the greenback's reaction to Fed Chair Powell's speech at the Jackson Hole Economic Symposium on Friday, CBA's Global Economic & Markets Research team says in a note. The USD could strengthen on Friday if Powell suggests in his speech that a September rate cut isn't highly expected as priced by markets, the team adds. USD/SGD is little changed at 1.2824. ( 0038 GMT — The yen mostly weakens against other G-10 and Asian currencies in early session amid hopes for a possible Russia-Ukraine peace deal. While Friday's meeting between President Trump and Russian President Putin didn't result in a breakthrough, Trump said Putin had accepted that any peace would need to include the presence of Western troops in Ukraine. European leaders will travel to Washington with Ukrainian President Zelensky to meet with Trump on Monday. Secretary of State Rubio said Sunday that a major focus of the Monday talks will be security guarantees. USD/JPY edges 0.1% higher to 147.35 and AUD/JPY rises 0.4% to 95.95, LSEG data show. (
Hindustan Times
23-06-2025
- Business
- Hindustan Times
Dollar Strengthens After U.S. Strikes on Iran's Nuclear Sites
WSJ Jun 23, 2025 07:24 AM IST 0125 GMT — The dollar strengthens against most other G-10 and Asian currencies in the morning session after the U.S. strikes on Iran's nuclear sites over the weekend. 'The USD lifts because the USD is a safe haven and the U.S. is a net energy exporter,' CBA's Global Economic & Markets Research team says in a note. 'How high the USD lifts is now in the hands of political and military leaders in the U.S., Israel and Iran,' the team adds. The ICE USD Index is up 0.4% to 99.06, USD/KRW adds 0.7% to 1,383.73, and AUD/USD falls 0.4% to 0.6427, according to FactSet data. ( PREMIUM A protester with a US dollar note taped over her mouth participates in a demonstration in support of Iran and Palestinians in Gaza, and against the actions of Israel and the United States in Sydney on June 22, 2025.(AFP)
Wall Street Journal
09-04-2025
- Business
- Wall Street Journal
Yen Strengthens Amid Risk-Off Sentiment
0041 GMT — The yen strengthens against other G-10 and Asian currencies in the early session on risk-off sentiment driven by fears of an escalating U.S.-China trade war. 'President Trump said he will go ahead with a 104% tariff on imports from China,' two members of CBA's Global Economic & Markets Research say in a research report. Risk sentiment has worsened and equities have fallen, the members say. The 'potential for a whopping 104% tariff on China's exports to the U.S. is a headwind for AUD because China is Australia's largest trading partner,' they add. AUD/JPY slips 1.0% to 86.30; USD/JPY drops 0.6% to 145.40; EUR/JPY is 0.3% lower at 159.82. (
Wall Street Journal
07-04-2025
- Business
- Wall Street Journal
Most Asian Currencies Weaken Amid Risk-Off Sentiment
0034 GMT — Most Asian currencies weaken against the dollar in early trade amid risk-off sentiment driven by growing fears of a global trade war. 'Last week's tariff announcements were much larger than we and market participants had expected,' three members of CBA's Global Economic & Markets Research say in a research report. While market participants are focused on downside risks to the U.S. economy from the tariffs, they are also expected to eventually focus on the negative impact of the tariffs on countries outside the U.S., which is USD-supportive, the members add. USD/KRW rises 0.7% to 1,469.89; AUD/USD edges 0.1% lower to 0.5993. (
Wall Street Journal
31-03-2025
- Business
- Wall Street Journal
Yen Strengthens Slightly Amid Risk-Off Sentiment
0003 GMT — The yen strengthens slightly against other G-10 and Asian currencies in the morning session amid risk-off sentiment spurred by looming U.S. tariffs. 'We judge that President Trump's tariff regime will be more disruptive to the global economy than markets are currently pricing,' say three members of CBA's Global Economic & Markets Research. Risks are tilted to a sharp decline in global equities and a weaker USD/JPY, the members say in a research report. USD/JPY could soon sustainably break below support at 148.13, they add. USD/JPY edges 0.2% lower to 149.56; risk-sensitive AUD/JPY is down 0.3% at 93.94. (
