Market news

USD/PHP Bearish but Oversold, Snapback Risk – OCBC

OCBC's Christopher Wong notes a bearish bias for USD/PHP but warns of a potential snapback after an oversold move driven by softer yields and oil. The BSP faces a tough policy choice as inflation stays above target and growth slows.

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RBA Hold at 4.35% Highlights Growth Slowdown – SocGen

Societe Generale notes the Reserve Bank of Australia kept rates unchanged at 4.35%, characterizing the statement as largely a mark-to-market exercise that underscores a growth slowdown.

BoJ’s 25 Bps Hike Provides Limited Yen Support, Says BBH

Brown Brothers Harriman notes that the Bank of Japan’s 25 bps rate hike to 1.00% has had a muted impact on USD/JPY, with JGB yields underperforming and the BOJ maintaining its tightening bias and JGB tapering plan.

Bank of Japan Raises Rates to 1%, Ends Tapering by April 2027

The Bank of Japan raised its policy rate by 25 basis points to 1%, with one dissenting vote, and announced it will halt its bond tapering from April 2027. Future rate hikes depend on Middle East developments, with an October hike possible if a long-term peace deal is reached.

Dollar Recovers as Doubts Over US-Iran Deal Persist

The US dollar rebounded after markets questioned the effectiveness of the US-Iran agreement, with both sides claiming victory amid lingering disagreements.

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RBA Hold Pressures AUD/USD as Downside Risks Persist

The Reserve Bank of Australia left rates unchanged, causing AUD/USD to retrace part of its earlier US-Iran peace agreement rally, according to Brown Brothers Harriman analyst Elias Haddad.

BoJ Hikes to 1.00%, Yen Still Below 160.00

The Bank of Japan raised its key interest rate to 1.00%, the highest in over three decades, but the Japanese yen remains weak near the 160.00 level against the US dollar.

Australian Dollar Weakens After RBA Pause, Fails to Reclaim 0.7100 – MUFG

The Australian Dollar eased after the RBA held rates at 4.35% as expected, failing to breach the 0.7100 resistance level, according to MUFG analyst Lee Hardman.

RBA Holds Rate at 4.35%, Signals Hawkish Pause

The Reserve Bank of Australia kept the cash rate unchanged at 4.35%, ending a streak of three consecutive hikes while maintaining a hawkish stance. The decision was widely expected, but the accompanying statement stressed that this is a pause, not an end to the tightening cycle.

BoJ Hikes Rate to 1.00%, Yen Remains Under Pressure – MUFG

MUFG notes the Japanese Yen is little changed after the BoJ's widely anticipated 0.25% rate hike to 1.00%, with USD/JPY still above 160.00. The central bank also paused its QE taper from FY2027 while continuing gradual JGB reductions.

Silver Rises to $70.51, Up 0.70% on Tuesday

Silver prices (XAG/USD) climbed on Tuesday, trading at $70.51 per troy ounce, up 0.70% from the previous close of $70.02, according to FXStreet data.

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GBP/USD Faces Upside Risks, but Momentum Flattening – UOB

UOB analyst Quek Ser Leang notes that GBP/USD stalled just below key resistance at 1.3465, closing near 1.3410, with intraday momentum indicators turning. The outlook retains upside risks but shows signs of waning bullish momentum.

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NZD/USD Holds Near 0.5800 Support as Risk Appetite Wanes

The New Zealand Dollar edges lower against the US Dollar on Tuesday, trading at 0.5820 after a bounce from session lows. Support at 0.5800 remains in focus as risk appetite declines.

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USD/CAD extends uptrend toward 1.4150 – SocGen

Analyst Kenneth Broux of Societe Generale notes USD/CAD has broken above a key descending trendline and a multi-month base, signaling further upside toward 1.4150.

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US Dollar Rallies as Fed Expectations Override Oil Drop: ING

The US Dollar is gaining ground, supported by strong economic data and Federal Reserve expectations, despite a sharp decline in oil prices, according to ING strategists.

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Societe Generale: BoJ Rate Hike Marks Floor for Yen Gains

Analysts at Societe Generale say the Bank of Japan's rate hike to 1.0% is the bottom of the neutral range and that new language on upside inflation risks supports further tightening, pointing to medium-term gains for the Japanese yen.

Bank of Japan Raises Rate to Highest Since 1995, USD/JPY Drops to 160.13

The Bank of Japan raised its key interest rate to the highest level since 1995, driving the USD/JPY pair down to 160.13 after two volatile trading sessions.

EUR/USD Faces Downside Risks as Swap Differential Widens – ING

ING analyst Francesco Pesole notes that EUR/USD has returned to Friday's levels, with markets now focusing on central bank dynamics rather than oil. A wider EUR:USD swap differential, coupled with weaker Eurozone growth and a less dovish Fed, limits upside for the euro.

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ING: RBA Hawkish Hold Fails to Impress Markets

The Reserve Bank of Australia delivered a hawkish hold, stressing that inflation remains too high and further rate hikes are possible, but markets were unimpressed, according to ING's Francesco Pesole.

BoJ 25bp Hike to 1.00% Fails to Boost Yen, Says ING

ING analyst Chris Turner notes the Bank of Japan's 25bp rate hike to 1.00% has done little to strengthen the yen, as real rates remain negative and policy is still accommodative.

BoJ and RBA Decisions Expected, USD Halts Drop on Iran Deal Doubts

The Bank of Japan and Reserve Bank of Australia made widely expected policy decisions, causing no major FX turbulence. The US dollar paused its decline, signaling market doubts about the US-Iran deal as details remain undisclosed.

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Rupiah Strengthens on USD Weakness, USD/IDR Slides to 17,720

The Indonesian rupiah rose for a second day on Tuesday, pushing USD/IDR to around 17,720 as the US dollar gave back earlier gains despite a risk-off market mood.

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