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Yemen’s Iran-backed Houthi movement on Thursday claimed responsibility for an attack on two Saudi oil tankers traversing the vital Red Sea shipping lane. The vessels, identified as ENCELA and LAYLIA,…
The Philippine central bank has recently intervened in the foreign exchange market, reportedly selling US Dollars (USD) to stem the sharp depreciation of the Philippine Peso (PHP), which plunged to…
The US Dollar experienced a slight downturn on Wednesday, with market participants exhibiting heightened caution amidst escalating geopolitical tensions in the Middle East and a packed economic calendar. The US…
Silver (XAG/USD) is currently trading with modest gains on Wednesday, finding temporary respite from a slight pullback in the US Dollar (USD). Despite this positive momentum, the precious metal struggles…
The Reserve Bank of India (RBI) has actively intervened in the foreign exchange market to bolster the Indian Rupee (INR), a move necessitated by the persistent rise in global energy…
The United Overseas Bank (UOB), through its esteemed currency strategist Quek Ser Leang, has articulated a cautious outlook for the USD/SGD exchange rate, forecasting its confinement within tight trading ranges…
Market-based inflation expectations for Turkey have experienced another notable increase, particularly for the 2026 horizon and the next 12 months, a development that is significantly eroding confidence in the Central…
Singapore – Strategists at OCBC Bank, Sim Moh Siong and Christopher Wong, project that the USD/SGD currency pair will largely maintain its current range, influenced primarily by the overarching trajectory…
Silver (XAG/USD) demonstrated resilience on Monday, trading on the front foot as buyers successfully defended the critical $55.00 support level after the precious metal briefly dipped below it on Friday,…
The GBP/USD pair experienced a notable rebound of approximately 30 pips from its Asian session low on Monday, successfully snapping a two-day losing streak. This recovery was primarily underpinned by…
