EUR/USD
1.17764
0.139%
Gold
4487.32
0.992%
Oil
57.883
-0.029%
USD/JPY
156.102
-0.588%
GBP/USD
1.34875
0.190%
GBP/JPY
210.494
-0.417%
Real-time News
The 1-year implied yield on the USD/INR exchange rate rose 18 basis points to 3.26%, the highest level since August 2022.December 23 – The Singapore dollar and most Asian currencies strengthened against the US dollar in early trading as lower US Treasury yields reduced the attractiveness of US fixed-income assets. Deepali Bhargava, Head of Asia Pacific Research at ING, noted that the Singapore dollar is one of the strongest performing Asian currencies this year. She stated that Singapore avoided the worst impact of US tariffs, securing the lowest retaliatory tariff rate of 10%. Bhargava added that looking ahead, a weakening US dollar is expected to provide support for Asian currencies.On December 23, the Reserve Bank of Australias (RBA) December meeting minutes revealed that the bank maintained a hawkish tone as policymakers closely monitor inflation trends. Sally Auld, Chief Economist at National Australia Bank Group, commented that the minutes "reflected anxiety about recent inflation trends." She added that the RBA believes there is some excess demand in the current economic climate but is uncertain whether existing financial conditions are sufficiently restrictive to balance aggregate demand with aggregate supply. The minutes showed that the RBA discussed the potential need for an interest rate hike next year. Notably, market expectations have shifted significantly: previously, the market anticipated a further 25 basis point cut in the official cash rate by the end of 2026, but now it expects a 25 basis point rate hike at that time.On December 23rd, Futures News reported that the recent escalation of tensions, stemming from the USs continued detention of South American oil tankers and Trumps increased restrictions on South America, has fueled market concerns about potential oil supply disruptions, pushing up oil prices. US crude oil has already rebounded by $2 per barrel from its lows. Zhuochuang Information predicts that while the escalating situation in South America provides upward momentum for oil prices, negotiations in a certain European country are exerting downward pressure. Frequent geopolitical disturbances are causing wide price fluctuations. In the short term, attention should be paid to the sustainability of the oil price rebound, which is expected to remain bullish.Sources say Japan is likely to assume long-term interest rates of around 3% in its fiscal year 2026 budget, the highest level in 29 years.
