Search
News
Asian stock markets slump on renewed uncertainty over Middle East conflicts
Asian equity markets face selling pressure on Friday as risks over the sustainability of the month-long fragile ceasefire between the United States (US) and Iran have increased, following renewed clashes between both nations around the Strait of Hormuz.Fxstreet
Fri, May 8
Japan intervened in FX market again during May holidays – Reuters
Citing a source familiar with the matter, Reuters reported on Friday that Japan’s officials intervened in the foreign exchange market during holidays in early May, after having conducted Japanese Yen-buying operations on April 30.
Fxstreet
Fri, May 8
US Trade Court rules Trump’s 10% global tariff is illegal — Reuters
A US trade court ruled against US President Donald Trump's latest 10% global tariffs, finding they were not justified under a 1970s trade law, however the court only blocked the levy on two small businesses and the state of Washington, Reuters reported on Thursday.Fxstreet
Fri, May 8
USD/IDR: Overbought conditions and support levels – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong describe USD/IDR as easing from overbought territory as hopes of a US–Iran deal support sentiment. Bank Indonesia’s (BI) tighter rules on cash FX purchases and comments that the Rupiah (IDR) is undervalued back stabilization efforts.Fxstreet
Thu, May 7
IDR: FX curbs and bond support to steady currency – DBS
DBS Group Research’s Radhika Rao highlights Bank Indonesia’s latest steps to manage FX volatility and support the Indonesian Rupiah. The central bank has tightened documentation thresholds for Dollar purchases, continued bond buying and enabled selected dealers to access offshore NDFs.Fxstreet
Thu, May 7
Fed’s Daly: We have to work on price stability without overreacting
Mary Daly, President of the Federal Reserve (Fed) Bank of San Francisco, said on Bloomberg TV on Thursday that she doesn’t see evidence that longer-run inflation expectations are up. She also claimed that wage rises are consistent with the overall 2% inflation.Fxstreet
Thu, May 7
USD/SGD: Range trading with downside bias – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong see USD/SGD consolidating as markets await clarity on a potential US–Iran deal. The pair has slipped slightly on tentative optimism, but Iran has yet to respond and a 48‑hour deadline looms, keeping some caution in place.
Fxstreet
Thu, May 7
NY Fed Survey of Consumers: Households see higher inflation next year
The New York Fed released its Survey of Consumer Expectations for April, which showed that American households expect prices to rise in the short term. For the medium- to long-term horizon, inflation expectations were unchanged.Fxstreet
Thu, May 7
Featured Tools
Top News
Oracle Corp Stock (ORCL) Moved Up by 6.39% on May 29: Facts Behind the Movement
Broadcom Second-Quarter Earnings Preview: $100 Billion Market Value Volatility Warning, AI Infrastructure Demand Faces Verification
Rigetti Computing (RGTI) Stock: $2B Quantum Initiative Fuels Rally — Is Rigetti a Buy at $25.50?
Oil Prices Plunged 20% in May, Under the Fog of U.S.-Iran Tensions, Where Are Oil Prices Heading?
U.S. May Nonfarm Payrolls Preview: Can the Labor Market Open the Door to Rate Cuts? Gold, Dollar, U.S. Stocks Face Key Test
