Makro

The United States Dollar Index (DXY), which tracks the Greenback against a basket of currencies, consolidates during the Asian session on Friday as traders keenly await the release of the closely-watched US monthly jobs data.

EUR/USD extends its losses for the second consecutive day, trading around 1.1520 during the Asian hours on Friday. The currency pair faces downward pressure as the US Dollar (USD) gains strength, propelled by renewed safe-haven demand among global investors.

ING economists Deepali Bhargava and Lynn Song highlight a sharp 8% drop in USD/KRW earlier in the second quarter, driven by temporary flows such as Hynix ADR repatriation and National Pension Service hedging adjustments, alongside a hawkish Bank of Korea (BoK) hike.

The St. Louis Fed President, Alberto Musalem, stressed that “inflation is too high” and that it’s “critical” that monetary policy focuses on bringing down inflation.

The Mexican peso extends its rally to 10 straight days, gaining over 0.12% on Thursday after the Bank of Mexico (Banxico) left interest rates unchanged. At the time of writing, the USD/MXN exotic pair trades at 17.21, after reaching a daily high of 17.26.

NZD/USD trades lower near the 0.5900 level at the time of writing, with no New Zealand catalyst behind the move. The US Dollar Index (DXY) is up 0.26% near the 100.00 level, and the Kiwi is simply on the wrong side of it.

The US Dollar (USD) posted gains against every major currency on Thursday, with the US Dollar Index (DXY) up 0.26% near the 100.00 level as Oil rallied 3% on the reported Strait of Hormuz vessel ban, while Gold and Silver declined.

Financial Times'ın (FT) haberine göre, ABD Merkez Bankası (Fed) Başkanı Kevin Warsh, önümüzdeki dönemde açıklanacak enflasyon verilerinin beklentilerin üzerinde gelmesi halinde eylül ayında faiz artırımı seçeneğini masada tutuyor.

The Bank of Mexico, also known as Banxico, held rates unchanged at 6.50% as expected by most analysts, unanimously, for the third consecutive meeting, after ending its easing cycle in May.

AUD/USD is down 0.36% for the day, but still above the 0.7000 region, giving back Wednesday's gains as the US Dollar (USD) firms across the board. The US Dollar Index (DXY) is up 0.28% near the 100.00 psychological level.

BNY’s Geoff Yu highlights that Mexican Peso (MXN) carry demand is surging ahead of Banxico’s decision, with MXN the best-bought currency on a weekly basis. However, weak volumes, deteriorating equity flows and only modest sovereign bond demand temper the story.

Commerzbank’s Tatha Ghose expects the Czech National Bank (CNB) to keep its policy rate at 3.75%, framing June’s hike as fine-tuning rather than a new cycle. With headline and core inflation still within target, CNB can wait but must avoid sounding dovish.

The Euro (EUR) trades marginally lower at around 1.1545 against the US Dollar (USD) during the European trading session on Friday. The major currency pair edges down as the US Dollar ticks up, while investors shift their focus to the United States (US) Nonfarm Payrolls (NFP) data release on Friday.

Brown Brothers Harriman’s Elias Haddad notes that the US Dollar (USD) has recovered part of its recent losses as concerns over the Federal Reserve’s (Fed) credibility ease, but sees limited scope for a sustained rebound.

Temmuz enflasyonun açıklanmasının ardından küresel finans devleri de dolar/TL'ye ilişkin beklentilerini peş peşe güncelledi. Bazı bankalar faiz indiriminin Türk lirasında değer kaybını hızlandırabileceği uyarısında bulunurken, bazıları ise TL'nin piyasanın beklediğinden daha güçlü bir performans ser

Yunanistan'da hayat pahalığı tartışmaları büyürken, yeni bir analiz düşük ücretlerin ve zayıf alım gücünün milyonlarca çalışanı zor durumda bıraktığını ortaya koydu. Araştırmaya göre nominal maaş artışları, enflasyon ve yaşam maliyetlerindeki yükselişi karşılamakta yetersiz kalıyor.