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South Korea Gross Domestic Product Growth (YoY) came in at 3.6%, above expectations (2.7%) in 1Q
South Korea Gross Domestic Product Growth (YoY) came in at 3.6%, above expectations (2.7%) in 1Q
USD/IDR: Valuations support rupiah stability – MUFG
MUFG’s Senior Currency Analyst Lloyd Chan argues that while geopolitical risks stay elevated, valuation metrics such as REER now show meaningful Rupiah undervaluation versus the US Dollar.
GBP/USD holds near 1.35 as UK PMIs and retail sales loom
GBP/USD was little changed on Wednesday, settling close to 1.3510 after a choppy session that reached 1.3540 in London hours before fading toward 1.3490. Price has been pinned inside a 65-pip band through midweek, with long upper and lower wicks pointing to two-way uncertainty.
USD/JPY steadies ahead of Japan CPI and US PMIs
USD/JPY was little changed on Wednesday, hovering close to 159.50 in a narrow session after Tuesday's push to 159.64. Price has been confined between 159.10 and 159.60 through the midweek stretch, with overlapping small-bodied candles pointing to indecision.
NZD/USD struggles to extend gains as USD demand persists
The NZD/USD pair is trading with a cautious tone around the 0.5910 region on Thursday, as the US Dollar (USD) maintains a firm footing despite a modest pullback in US Treasury yields.
USD/KRW: Rebound possible before proxy sell trade – OCBC
OCBC’s Christopher Wong observes that USD/KRW’s earlier decline has stalled, with bearish momentum fading and RSI recovering from oversold territory.
AUD/USD holds near 0.7160 as Hormuz risks cap Aussie upside today
AUD/USD is stuck within a range as Middle East geopolitical tensions remain high, with US President Trump extending the ceasefire while Iran seized two container ships in the Strait of Hormuz.
South Korea Consumer Sentiment Index: 99.2 (April) vs previous 107
South Korea Consumer Sentiment Index: 99.2 (April) vs previous 107
IDR: Stability-first stance supports currency – Societe Generale
Societe Generale analysts Kunal Kundu and Galvin Chia note that Bank Indonesia (BI) kept its policy rate at 4.75% and retained its 2.5% ±1% inflation target, emphasizing a stability-first approach.
Tesla stock jumps 4% after earnings, revenue beats in Q1
Tesla (TSLA) shares bounced over 3% initially afterhours on Wednesday as the electric vehicle (EV) and battery concern run by CEO Elon Musk reported adjusted earnings and revenue that beat Wall Street estimates.
USD/SGD: Defensive profile shapes tactical trades – OCBC
OCBC’s Christopher Wong notes that USD/SGD has rebounded on stalled US–Iran ceasefire talks, with fading bearish momentum and rising RSI.
GBP/JPY Price Forecast: Pound holds above 215.00 as momentum fades
GBP/JPY trades sideways on Wednesday, clinging to three consecutive days of gains, as market mood remains neutral, though slightly tilted toward optimism, amid high tensions in the Middle East.
IDR: Policy on hold as BI defends currency – ING
ING’s Deepali Bhargava notes that Bank Indonesia (BI) kept its policy rate at 4.75%, focusing on Indonesian Rupiah (IDR) stability rather than tightening.
Forex Today: US Dollar stays resilient as Hormuz tensions keep markets on edge
The US Dollar Index (DXY) held firm near the 98.60 area as investors continued to favor the Greenback amid lingering uncertainty around the US-Iran conflict.
China: Policy goals support non-fossil shift – Standard Chartered
Standard Chartered economists Hunter Chan and Shuang Ding argue that China has weathered the recent Middle East Oil shock relatively well due to its diversified energy mix and long-standing focus on non-fossil energy.
ECB: Growth risks temper hike urgency – Societe Generale
Societe Generale’s Anatoli Annenkov expects the European Central Bank (ECB) to keep rates unchanged next week as focus shifts toward Euro Area growth and medium-term core inflation.
EUR/GBP weakens as UK CPI lifts GBP; technicals signal downside below 200-day SMA
EUR/GBP trades on the back foot on Wednesday as UK inflation data lifts the British Pound (GBP), pressuring the Euro (EUR), with the cross extending losses for the second consecutive day. At the time of writing, EUR/GBP is trading around 0.8680, its lowest level since March 31.
DXY: Equities cap rebound prospects – ING
ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note that the US Dollar (USD) was largely unmoved by Kevin Warsh’s Senate hearing, as he defended Federal Reserve independence and avoided clear policy guidance.
United States EIA Crude Oil Stocks Change registered at 1.925M above expectations (-1.2M) in April 17
United States EIA Crude Oil Stocks Change registered at 1.925M above expectations (-1.2M) in April 17
USD/JPY: Consolidation holds ahead of BoJ decision – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Japanese Yen (JPY) is flat against the US Dollar (USD), underperforming G10 peers in subdued trading. USD/JPY price action suggests consolidation in a 157.50–160.50 band, with a flat RSI signaling limited momentum.
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