Trading news

EUR/USD remains flat after seven days of gains, trading around 1.1790 during the Asian hours on Wednesday.

Japan Machinery Orders (YoY) registered at 24.7% above expectations (8.5%) in February

Japan Machinery Orders (MoM) came in at 13.6%, above forecasts (-1.1%) in February

DBS economist Chua Han Teng highlights that Singapore’s 1Q26 GDP growth was resilient, with real GDP up 4.6% year-on-year, but warns that the Iran war shock and global slowdown pose downside risks.

South Korea Unemployment Rate dipped from previous 2.9% to 2.7% in March

NZD/USD rose over 0.55% on Tuesday, printing a session high near 0.5920 before pulling back to settle around 0.5900.

The NZD/USD pair is trading with a bullish bias near the 0.5900 level on Wednesday, as the New Zealand Dollar (NZD) gains strength amid improving global risk sentiment and a weaker US Dollar (USD).

AUD/USD extended its bullish push on Tuesday, gaining around 0.38%, but gave back some top-end gains after touching a session high close to 0.7150.

USD/JPY fell around 0.4% on Tuesday, slipping back below the 159.00 handle to settle close to 158.85.

The EUR/USD rallies for the seventh straight session as the Greenback falls to a six-week low amid hopes of US-Iran talks in the week ahead, while US data remains in the back seat despite a jump in inflation. At the time of writing, the pair trades around 1.1790, up 0.30%.

Commerzbank’s Volkmar Baur notes that China’s March trade data were slightly weaker than expected, with exports underperforming forecasts and imports surging, narrowing the trade surplus. He estimates the current account surplus likely eased from Q4’s multi‑year high.

South Korea Import Price Growth (YoY): 18.4% (March) vs 1.2%

South Korea Export Price Growth (YoY) climbed from previous 10.7% to 28.7% in March

United States API Weekly Crude Oil Stock above expectations (-1.3M) in April 10: Actual (6.1M)

MUFG’s Senior Currency Analyst Michael Wan notes that the Monetary Authority of Singapore (MAS) tightened its exchange rate policy in April by slightly increasing the slope of the Singapore Dollar Nominal Effective Exchange Rate (S$NEER) band, becoming the first Asia-ex-Japan central bank to tighten

Gold (XAU/USD) price surges nearly 2% on Tuesday amid growing optimism linked to the resumption of US-Iran talks, even though the US military seized Iran-linked ships as the blockade of the Strait of Hormuz persists. The XAU/USD trades at $4,835 after bouncing off daily lows of $4,742.

Societe Generale analysts highlight that CNY strength has resumed, with USD/CNY nearing 6.80 for the first time in three years as China-linked tankers transit the Strait of Hormuz.

Argentina Consumer Price Index (MoM) came in at 3.4%, above expectations (3%) in March

The US Dollar Index (DXY) fell toward the 98.10 region, reaching multi-week lows as softer inflation data and improving global sentiment led to a broad sell-off of the Greenback. Declining Oil prices and easing yields further contributed to the downward pressure.

UOB’s Jester Koh highlights that MAS raised its 2026 core and headline inflation forecast ranges to 1.5–2.5% as imported energy costs surge. He stresses that higher Oil and gas prices will pass through to Singapore’s CPI via electricity, transport and goods.