News
Important Only
USD: Inflation resurgence concerns to drive a further hawkish tuning in the policy message – ING
Markets have been tempted in the past couple of days to believe there is some truth behind the Washington Post’s report – quickly rebuked by Trump – that US tariffs will be only on selected products.Fxstreet
Wed, Jan 8
NZD/USD: Likely to trade in a 0.5590/0.5705 range for now – UOB Group
Current price movements appear to be part of a range trading phase, expected to be between 0.5615 and 0.5665. In the longer run, NZD is likely to trade in a 0.5590/0.5705 range for now, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
Fxstreet
Wed, Jan 8
AUD/USD: Downward momentum is likely to result in a lower trading range – UOB Group
Slight increase in downward momentum is likely to result in a lower trading range of 0.6215/0.6265. In the longer run, for the time being, AUD is expected to trade between 0.6180 and 0.6310, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
Fxstreet
Wed, Jan 8
EUR/USD: Chance to edge lower and test 1.0320 – UOB Group
The Euro (EUR) could edge lower and test 1.0320; the major support at 1.0300 is unlikely to come under threat. In the longer run, bias for EUR is tilted to the upside; any advance is likely part of a higher trading range of 1.0300/1.0465, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.Fxstreet
Wed, Jan 8
GBP/USD: Higher UK rates may support gains – Scotiabank
Soft demand for a 30-year Gilt auction today helped drive UK rates a little higher overall. The 30Y yield reached the highest since 1998 while 10Y yields touched the highest since 2023, Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Tue, Jan 7
CNY: It’s not just about a strong US Dollar – Commerzbank
At the end of last week, USD/CNY broke above 7.30, which previously had been successfully defended in the last days of 2024. Yesterday, the exchange rate even rose to almost 7.33 before falling again in the wake of various reports about the impending US tariffs.
Fxstreet
Tue, Jan 7
USD/CNH: Set to trade in a sideways range of 7.3210/7.3610– UOB Group
US Dollar (USD) is expected to trade in a sideways range of 7.3210/7.3610. In the longer run, room for USD to retest the 7.3700 level; it is too early to determine if it can break and remain above this level, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.Fxstreet
Tue, Jan 7
USD/JPY: Upward bias to remain intact as long as 156.80 is not breached – UOB Group
US Dollar (USD) could rise, but it does not appear to have enough momentum to reach 159.00. In the longer run, USD is expected to trade with an upward bias; any advance is expected to face significant resistance at 159.00, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.Fxstreet
Tue, Jan 7
