Malaysian Ringgit: Range-bound outlook holds against US Dollar – MUFG

The post Taiwan Dollar: CBC inflation risks support against US Dollar – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s report on Taiwan notes that stronger inflation, with core CPI at 2.5%, is likely to push the CBC towards a more hawkish stance, including a possible 12.5 bp hike in H2. Despite robust AI-driven exports and firm domestic demand, USD/TWD has risen to 32.19, though analysts expect a potential pullback once seasonal dividend outflows fade. Hawkish CBC and AI-led growth “Taiwan’s June inflation surprised on the upside, with headline CPI rising to 2.6% yoy from 2.2% in May. This was the fastest pace since January 2025 and well above the Central Bank of the Republic of China’s (CBC) informal 2% threshold. Higher fuel, gas and electricity costs were the main drivers, but services inflation remained firm at 2.9% vs 2.5% previously.” “While lower oil prices should help moderate headline inflation in the coming months, the pickup in core inflation will be a concer

The post Indonesian Rupiah: Weakness risks persist – MUFG appeared on BitcoinEthereumNews.com. MUFG’s Lloyd Chan highlights the Indonesian rupiah’s continued vulnerability as USD/IDR moved back above 18,000 amid renewed Middle East tensions and elevated US yields. Although attractive government bond and SRBI yields have supported foreign inflows into the bond market, persistent net foreign equity outflows leave the balance of risks tilted toward further rupiah weakness. External pressures weigh on Rupiah “We remain cautious on selective regional currencies, particularly the Indonesian rupiah.” “IDR led regional losses yesterday, with USDIDR rising 0.5% to move back above the 18,000 level.” “Renewed geopolitical tensions in the Middle East and elevated US yields continue to exert external pressure on the rupiah.” “While elevated government bond and SRBI yields have helped attract foreign inflows into the bond market, Indonesia continues to face persistent net foreign equity outflows.” “

The post Chinese Yuan: Reflation gap weighs against US Dollar – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank analysts highlight that China’s June Consumer Price Index (CPI) slowed to 1.0% year-on-year while Producer Price Index (PPI) rose 4.1%, widening the PPI-CPI gap and squeezing downstream margins. The PBoC acknowledged “structural divergence” between high-tech strength and weak consumption. Despite this backdrop, USD/CNY and USD/CNH both fell, reflecting some currency strength even as domestic demand remains subdued. China reflation momentum softens “China’s reflationary recovery lost further traction in June, with CPI rising 1.0% yoy (Bloomberg consensus: 1.1%) vs 1.2% in both April and May. The reading marks the slowest CPI print in three months and reinforces concerns that domestic demand remains structurally weak even as the broader economy stabilises.” “Core CPI, which excludes food and energy, also came in at 1.0% yoy against an expected 1.1%, signalling that

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The post Euro trades flat despite soft European inflation appeared on BitcoinEthereumNews.com. EUR/USD trades in a muted fashion near the 1.1430 area on Friday, as a weaker US Dollar (USD) helps the pair hold onto modest Thursday gains. That was true even after inflation data from Germany and France showed limited price pressure. Germany’s Consumer Price Index (CPI) fell 0.3% MoM in June, while the annual rate remained unchanged at 2.3%. The Harmonized Index of Consumer Prices (HICP) declined 0.2% MoM and rose 2.4% YoY. In France, the EU-harmonized CPI fell 0.3% on the month and increased 2.0% from a year earlier. The readings suggest that inflation in two of the Eurozone’s largest economies remains relatively contained. This could reduce the need for the European Central Bank (ECB) to maintain an aggressively restrictive policy stance, limiting the Euro’s upside. Meanwhile, geopolitical uncertainty remains in focus. United States (US) President Donald Trump said on Truth Social that I

The post Pound Sterling Price News and Forecast: GBP/USD holds firm as Trump ceasefire shock tests USD appeared on BitcoinEthereumNews.com. British Pound holds firm as Trump ceasefire shock tests USD The Pound Sterling (GBP) holds firm on Friday during the North American session as risk appetite deteriorated after US President Donald Trump posted on social media that the ceasefire with Iran is over, even though negotiations continue. At the time of writing, the GBP/USD pair trades at 1.3406, unchanged, after reaching an almost one-month high of 1.3451 earlier in the day. Read More… British Pound surrenders early gains as US Dollar regains ground The British Pound (GBP) gives back its early gains and turns almost flat around 1.3410 against the US Dollar (USD) during the European trading session on Friday. The GBP/USD pair falls back as the US Dollar regains ground amid fears that the restart of the war between the United States (US) and Iran would last long. Read More… British Pound gai

The post British Pound holds firm as Trump ceasefire shock tests USD appeared on BitcoinEthereumNews.com. The Pound Sterling (GBP) holds firm on Friday during the North American session as risk appetite deteriorated after US President Donald Trump posted on social media that the ceasefire with Iran is over, even though negotiations continue. At the time of writing, the GBP/USD pair trades at 1.3406, unchanged, after reaching an almost one-month high of 1.3451 earlier in the day. GBP/USD steadies as geopolitics, Fed minutes and UK politics collide This week, GBP/USD is poised to finish with gains of over 0.58% following the resumption of hostilities in the Middle East. The end of the ceasefire between the US and Iran could bolster the Greenback even though both countries are set to continue negotiations next week in Switzerland. In the meantime, the Fed’s meeting minutes showed that officials favored further tightening but supported holding rates, as they assess incoming data. Data-wise

The post Singapore Dollar: Range-bound trade outlook against US Dollar – UOB appeared on BitcoinEthereumNews.com. UOB’s Quek Ser Leang notes USD/SGD remains range-bound, with intraday action expected between 1.2905 and 1.2940 as recent price moves provided no fresh directional clues. Over the next one to three weeks, the bank sees mild downward pressure as having eased, projecting a broader 1.2890–1.2990 range. On a one to three month horizon, a break above 1.3000 could target 1.3095. Dollar seen consolidating in ranges “24-HOUR VIEW: We noted “a slight increase in upward momentum,” but we pointed out that “it is insufficient to indicate a continued rise in USD.” We indicated that USD “is more likely to trade in a higher range of 1.2920/1.2960.” However, USD traded in a quiet manner between 1.2914 and 1.2938. The price action provides no fresh clues, and USD is likely to trade between 1.2905 and 1.2940 today.” “1-3 WEEKS VIEW: Our update from yesterday (09 Jul, spot at 1.2940) remains