12h ago
Malaysian ringgit opens weaker at 4.0380/0445 as Brent hits US$95.46 and Fed hike odds rise to 65%
The Malaysian ringgit opened weaker against the US dollar on Wednesday at 4.0380/0445. Analysts linked the move to Brent crude rising to US$95.46 a barrel, which has lifted inflation worries and pushed market pricing for a US Federal Reserve rate hike at the September meeting to 65%. The US dollar index (DXY) was up 0.25% at 99.677 points, adding pressure on the ringgit, according to Bernama.
12h ago
12h ago
BoJ Governor Kazuo Ueda declines to comment on daily yen swings as markets price in 80% odds of a 15-bp September hike
Bank of Japan Governor Kazuo Ueda declined to comment on recent day-to-day moves in the yen, reiterating that policy decisions hinge on economic and price data rather than short-term exchange-rate fluctuations. Market pricing suggests traders see roughly an 80% chance of a 15-basis-point rate increase at the September meeting. Analysts cite strong wage gains and inflation staying above the BoJ’s 2% target as key factors behind expectations for continued gradual tightening.
12h ago
12h ago
US hits about 100 Iranian targets in bid to curb Hormuz shipping threat for at least a month
The US military struck about 100 Iranian targets on Tuesday, focusing on radar, mine-laying and anti-ship missile capabilities to weaken Tehran’s long-standing ability to threaten shipping through the Strait of Hormuz. Officials said the operation could reduce the threat level for at least a month. About 40 vessels transited the strait safely on the day of the strikes. Markets judged that near-term supply disruption risks have eased.
12h ago
12h ago
HYPE spot ETFs log $1.7563 million in net inflows on Sept. 1
HYPE spot ETFs recorded total net inflows of $1.7563 million on Sept. 1 in U.S. Eastern time, according to SoSoValue data. Only the Grayscale Hyperliquid Staking ETF (HYPG) posted net inflows, also totaling $1.7563 million. HYPG’s cumulative historical net inflows reached $139 million. As of publication, HYPE spot ETFs had $455 million in total net asset value, a 2.48% net asset ratio, and $346 million in cumulative net inflows.
HYPE
HYPE-2.41%
12h ago
12h ago
Japan’s monetary base shrinks 15.7% in August, steeper than 13.5% forecast
Japan’s monetary base fell 15.7% year on year in August, a larger decline than the 13.5% drop expected by the market, according to Bank of Japan data. The figure points to the continued normalization of the central bank’s long-running ultra-loose policy stance. Core inflation in Japan has stayed above the BOJ’s 2% target for more than a year, pushing policymakers to reassess the costs of prolonged stimulus.
12h ago