Currencies

USD/CHF trades within key range as SNB holds rates and Fed turns cautious

THE US dollar/Swiss franc (USD/CHF) FX pair is widely considered a safe-haven currency pair due to Switzerland’s neutral geopolitical stance and its low-risk financial system, in contrast to the US do...

A sharply weaker won risks importing inflation and accelerating capital outflows, complicating the Bank of Korea’s efforts to ease policy to support faltering growth.

South Korea digs deeper into intervention toolkit as won slides

The won has been Asia’s worst-performing currency in the second half of the year

The renminbi  is up almost 4% against the US dollar, and on course for the best annual performance in five years.

Why the push for a stronger renminbi won’t go away

With the US dollar likely to be soft for a few years, to hold the Chinese currency back would be to allow it to depreciate against other trading partners

Brics nations, including India, are pushing ever-more trade and financing into the rupee, rouble, renminbi, real and rand.
INSIGHTS FROM CFA SOCIETY SINGAPORE

The ‘Rs’ challenging the US dollar: rupee, rouble, renminbi, real and rand

A new, more fragmented monetary order is emerging

The rupiah has fallen more than 3% against the US dollar this year to be the second worst-performing currency in Asia.

Indonesia’s vow to balance currency, growth may cushion rupiah

BI’s 125 basis points of rate cuts in 2025 have also reduced the attractiveness of the country’s assets

For the yen to fundamentally alter its trajectory, the Bank of Japan would need to truly undertake lift-off – and keep going, to considerably narrow the gap in borrowing costs with the US.

We need to shatter one big myth about the weak yen

Intervention rarely turns any currency around on a sustainable basis

The rupee gained as much as 0.4 per cent to 89.08 per US dollar on Monday after hitting a record low of 89.48 on Friday.

Rupee gains as RBI returns to defend currency after slump

India’s rupee bounced back after the Reserve Bank of India (RBI) resumed efforts to support it, following a sharp drop last Friday when the central bank appeared to ease up on the firm defence it had ...

The increase has been helped by this year’s decline in the US dollar and rally in gold prices.

Asia’s currency-defence war chest has swelled to US$8 trillion

The major central banks in the region have added more than US$400 billion to their reserves this year

Currently, the technical setup for GBP/USD shows a bearish bias, supported by several indicators pointing to potential downside risks.
CHARTPOINT

GBP/USD at an inflection point after a strong first half of 2025

[SINGAPORE] The British pound (GBP) has enjoyed a robust first half of 2025 against the US dollar (USD), driven largely by sustained dollar weakness. The GBP/USD pair bottomed out at 1.21 on Jan 13 be...