Will the US Dollar see near-term losses against the Philippine Peso, Singapore Dollar and Malaysian Ringgit? Technical signals seem to point in that direction as FOMC minutes near.
The US Dollar may rise versus the Philippine Peso after CPI data as US-China trade war tensions may fuel more-aggressive easing from the BSP. USD/PHP took out key falling resistance.
The US Dollar may rise versus the Singapore Dollar on the Fed as a cooldown in crude oil prices supports the Philippine Peso. China Manufacturing PMI may surprise higher, boosting MYR.
The Philippine Peso fell as crude oil prices rose on Iran supply disruption fears. USD/PHP broke key resistance. Higher petroleum prices may reignite 2018 Peso selloff if CPI climbs.
The US Dollar may rise on a Fed that is not quite as dovish as markets expect, sending USD/SGD higher as ASEAN currencies depreciate. USD/PHP
Stocks look more vulnerable, opening the door to US Dollar gains versus ASEAN currencies. Sentiment-linked crude oil prices may fall with weak demand, benefiting the