View:
April 19, 2024 12:00 AM UTC
EMERGING ASIA
EM currencies perform individually against the USD as the greenback retraced earlier losses on strong manufacturing index. SGD saw the largest losses of 0.12%, followed by CNH 0.08%, HKD, PHP and INR 0.01%; while the biggest winner is KRW by 1.00%, TWD 0.34%, IDR 0.28%, MYR 0.16% and TH
April 18, 2024 2:10 PM UTC
March existing home sales with a 4.3% decline corrected a sharp 9.5% February increase. 2023 also saw a sharp February increase that was gradually reversed and more during the rest of the year. As rate cut hopes fade, existing home sales look set to slip further.
April 18, 2024 2:00 PM UTC
Bottom Line: A China coastguard vessel blocked two Philippines government vessels over the weekend in the Second Thomas shoal area near the Philippines, which has raised questions over whether the South China Sea will be another geopolitical flashpoint. We would say not in 2024, both given China
April 18, 2024 1:39 PM UTC
The Brazilian government has revised its budget targets for 2025 and 2026, lowering the deficit to 0% and a 0.25% surplus in 2025 and 2026 respectively, from 0.5% surplus in 2025 and 1% in 2026. However, reliance on revenue increases poses challenges amid resistance from Congress. Despite reduced ta
April 18, 2024 12:57 PM UTC
Initial claims are unchanged at 212k, still suggesting a tight labor market in the April non-farm payroll survey week. April’s Philly Fed manufacturing survey at 15.5 from 3.2 is the highest since April 2022 and does follow recent signs of improvement in the ISM and S and P national manufacturing
April 18, 2024 9:02 AM UTC
AUD still vulnerable on higher US yields
Australian employment report could trigger a test lower
JPY weakness and AUD weakness moving in tandem due to rising US yields
BoJ needs to act soon or risk losing credibility
EUR/USD likely to hold the range
April 18, 2024 4:05 AM UTC
AUD still vulnerable on higher US yields
Australian employment report could trigger a test lower
JPY weakness and AUD weakness moving in tandem due to rising US yields
BoJ needs to act soon or risk losing credibility
EUR/USD likely to hold the range