Gold Drops 3% as May Jobs Data Forces Rate-Hike Rethink
A blowout May NFP print sent the US Dollar above 100 and gold tumbling past $4,336, with rate-hike odds climbing to 67% for December.
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KRW and IDR Stay Weak Despite Falling Oil Prices
Korea's won and Indonesia's rupiah remain under pressure despite softer oil, as equity outflows and new central bank legislation weigh on both currencies.
Singapore Dollar Holds Firm as MAS Policy Anchors NEER Above Midpoint
OCBC sees USD/SGD drifting toward 1.26 by year-end, with SGD NEER holding 1.5–2% above midpoint on MAS support and safe-haven demand.
US Oil Rig Count Edges Up to 431 in Latest Baker Hughes Data
Baker Hughes weekly data shows US oil rig count rose to 431 from 429, a modest two-rig gain with implications for crude supply trajectory.
Yuan Holds Firm Against Dollar Despite Widening Rate Gap
The Chinese yuan is 2025's top Asian currency, rising vs. USD and EUR even as US-China yield spreads widen further.