FX Weekly

The USD is currently supported by hawkish Fed signals which outweigh the benefits of declining oil prices. Market focus is shifting to potential near-term Fed tightening despite domestic and regional data signals.

Key Takeaways

• 1.USD support has shifted from oil-driven trade terms to hawkish Fed rate signals.
• 2.BoJ raised rates but remained cautious, limiting the JPY from becoming an investment currency.
• 3.UK inflation data suggests the Bank of England will keep rates on hold through 2026.

Table of Contents

• Oil Relief, Fed Pressures
• BoJ Tightens, JPY Lags
• UK Rates On Hold
• Asian data
• MYR
• USDSGD
• Gold
• Technical Levels Table
• FX Forecasts
• Interest Rates Forecasts
• Central Bank Forecast Table
• Weekly Economic Calendar

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