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South Korean Won: Cautious tightening path expected from BoK – DBS
DBS economists Taimur Baig and Radhika Rao expect the Bank of Korea (BoK) to raise its base rate by 25bps to 3.00% at the August meeting, alongside upgraded Gross Domestic Product (GDP) and Consumer Price Index (CPI) forecasts.
Malaysian Ringgit: Robust trade supports MYR – Commerzbank
Commerzbank’s Moses Lim notes Malaysia’s July exports rose 38.0% year-on-year, marking a fourth month of double‑digit growth led by electronics and machinery. The bank highlights resilient external demand, strong shipments to the US and China, and an AI‑driven electronics cycle.
Forecasting the upcoming week: Warsh's Jackson Hole debut and US inflation test a soft US Dollar
The US Dollar Index (DXY) ended the week near even with Thursday, holding near 98.80. Like Thursday, DXY traded down to the 98.50s before recovering later in the session.
Thai Baht: Extended policy pause expected from Bank of Thailand – DBS
DBS economists Taimur Baig and Radhika Rao expect the Bank of Thailand (BoT) to keep its policy rate unchanged at 1.00% in August, extending the pause after June’s unanimous decision.
Japanese Yen neutral as it meets resilient US data
The US Dollar (USD) is muted against the Japanese Yen (JPY). USD/JPY traded in the low 159.00s at the time of writing on Friday.
United States CFTC Oil NC Net Positions up to 122.1K from previous 99.2K
United States CFTC Oil NC Net Positions up to 122.1K from previous 99.2K
Eurozone CFTC EUR NC Net Positions: €-59.1K vs €-60K
Eurozone CFTC EUR NC Net Positions: €-59.1K vs €-60K
United States CFTC S&P 500 NC Net Positions declined to $-10.6K from previous $11.3K
United States CFTC S&P 500 NC Net Positions declined to $-10.6K from previous $11.3K
United States CFTC Gold NC Net Positions increased to $222.2K from previous $217.9K
United States CFTC Gold NC Net Positions increased to $222.2K from previous $217.9K
United Kingdom CFTC GBP NC Net Positions: £-54.6K vs £-56.2K
United Kingdom CFTC GBP NC Net Positions: £-54.6K vs £-56.2K
Japan CFTC JPY NC Net Positions: ¥-52.9K vs previous ¥-42.1K
Japan CFTC JPY NC Net Positions: ¥-52.9K vs previous ¥-42.1K
Australia CFTC AUD NC Net Positions dipped from previous $-39.2KÂ to $-44.2K
Australia CFTC AUD NC Net Positions dipped from previous $-39.2KÂ to $-44.2K
Malaysian Ringgit: Supported by strong fundamentals against US Dollar – OCBC
OCBC’s Sim Moh Siong and Christopher Wong stress that the Malaysian Ringgit (MYR) remains relatively well supported by a softer US Dollar (USD) and robust domestic fundamentals.