Semiconductor Pullback Weighs on South Korean Won, Says DBS
USD/KRW has pushed above 1530 as weakness in semiconductor stocks pressures the Korean Won. DBS warns further outflows could destabilize KRW.
Market News
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.
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.
Silver Crashes Toward 200-Day SMA, Eyes $61.01 Support
Silver tumbles nearly 8% on the day and 10% on the week following a stronger-than-expected US Nonfarm Payrolls report, threatening the 200-day SMA.
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.
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.
Strong US Jobs Report Sends Bonds and Stocks Lower
US nonfarm payrolls surged to 172K in May, nearly double estimates. Treasury yields jumped, stocks sold off, and rate cut expectations faded.
Micron Technology (MU) Elliott Wave Analysis: Bullish Path Ahead
Micron Technology shows a bullish Elliott Wave structure from its April 2025 low. Key targets sit at $1,159–$1,278, with full extension at $1,472.
BNY: Indonesia Rupiah and Korean Won Under EM Pressure
Indonesia's Rupiah weakens past 18,000 as officials push back on "Sell Indonesia" sentiment. Korean Won faces pressure despite a strong current account surplu