28 March 2024
Money in the Market: Japanese yen at a 34-year low - how much lower can it go?
Japan issued its toughest warning yet for FX traders on its willingness to intervene after the yen slid to its weakest level against the dollar since 1990. The yen dipped to 151.97 versus the greenback early yesterday in Tokyo. That’s beyond the level at which policymakers stepped in during October 2022. So what’s led to the weakness in the yen? And will an intervention be enough to revive the yen? On Money in the Market, Hongbin Jeong speaks to Peter Chia, Senior FX Strategist at UOB, to find out more.

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8 February 2024
Money in the Market: Should we go all in on the US dollar amid erased hopes of a March rate cut?
The US dollar has recently pulled back from a nearly three-month high against major currencies hit at the beginning of the week. The greenback was rallying as much as 1.4 per cent against the euro after unexpectedly strong US jobs data, as well as diminished bets for an early interest rate cut. But while hopes of a March rate cut have been ruled out, is the market still showing some reluctance to go all in on the long US dollar trade, given the high conviction around rate cuts later in the year? To find out more, I’ll be speaking to Peter Chia, Senior FX Strategist, UOB, to find out more about the path of the US dollar as well as of other Asian currencies.

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17 August 2023
Money in the Market: Chinese yuan hits a 9-month low - Will it fall further?
This week, the Chinese yuan declined to its lowest level in 9 months following the release of grim economic data that added to concerns about weakening growth.
China's major state-owned banks were reportedly seen selling US dollars to snap up yuan in both onshore and offshore spot markets, with the measures aimed primarily at helping the currency recover.
The People’s Bank of China also set the fixing for the yuan at 7.2 per dollar on Thursday.
So what is the near-term future outlook for the yuan, and how will a further fall impact other regional currencies?
Will Chinese assets become less attractive to overseas investors if this is the case?
On Money in the Market, Hongbin Jeong speaks to Peter Chia, Senior FX Strategist, UOB, to find out more.

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14 July 2023
Money in the Market: Are the best days over for the US dollar?
Most Asian currencies have strengthened, while the dollar languished at 15-month lows after weaker-than-expected US inflation data spurred bets that the Federal Reserve was close to hitting peak interest rates. So who were the biggest gainers on the back of the weaker dollar? And are the best days for the greenback over? On Money in the Market, Hongbin Jeong speaks to Peter Chia, Senior FX Strategist at UOBto find out more.

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30 May 2023
Money in the Market: How has the US debt ceiling deal impacted Forex markets?
The US dollar nudged lower, pulling back from six-month peaks against the yen, following news of a U.S. debt ceiling deal, which lifted risk appetite across world markets and dented the greenback's safe-haven appeal. What does that signal?
The Nikkei, meanwhile, closed at a fresh 33-year high on Monday. How has the Japanese yen reacted to this?
Hongbin Jeong speaks to Peter Chia, Senior FX Strategist at UOB, to find out more.

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3 April 2023
Money in the Market: Is it all good news for the Japanese Yen going forward?
On Money in the Market, Hongbin Jeong speaks to Peter Chia, Senior FX Strategist at UOB, to find out what a month forex markets had in the month of March. Who were the biggest winners and who were the biggest losers? And whether or not it's all good news for the Japanese yen going forward, after many rushed to safe haven assets due to the banking turmoil.

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24 February 2023
Money in the Market: Should you be turning to foreign currency investments to take advantage of the strong Singdollar?
The Singapore dollar has outperformed nearly all Group-of-10 currencies so far this year. But investors seem to be returning to placing bearish bets on all Asian currencies - including the Singdollar -  shortly after on the increasing likelihood that the U.S. Federal Reserve would continue hiking rates for longer, helping the dollar regain its lost momentum. On Money in the Market, Hongbin Jeong speaks to Peter Chia, Senior FX Strategist at UOB, to find out more.

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26 October 2022
Money in the Market: 'Mr Yen' says the currency could plunge further to 170 per dollar
Yesterday we saw the Chinese yuan sliding to a new low after the People's Bank of China loosened its currency grip. Meanwhile, market participants are closely watching out for another possible intervention by Japanese authorities to prop up the Japanese yen. On Money in The Market, finance producer Hongbin Jeong speaks to Peter Chia, Senior FX Strategist at UOB to discuss this and other currency moves.

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20 September 2022
Money in the Market: Will the SingDollar become a rare global winner as US Fed hikes continue?
The US Fed interest rate hike is expected to be decided later this week- where most traders are pricing in a 75 basis point hike, while others are betting on a hike that’s bigger than that, as the Federal Reserve continues its aggressive monetary tightening path. Previously, we’ve seen the US dollar surging whenever the Fed announces such a jumbo sized hike. On Money in the Market, Peter Chia, Senior FX Strategist at UOB, joins us to tells us what it would mean for currencies in the region if the Fed goes for another big hike on Wednesday.

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2 August 2022
Money in the Market: Will the 140 yen exchange rate no longer happen?
The dollar has continued to fall today, dropping to its lowest in two months against the reviving Japanese yen and losing ground on other peers. And that's as investors believe the Federal Reserve will hike interest rates at a less aggressive pace. Plus, the impact of a potential visit to Taiwan by Nancy Pelosi is also driving safe-haven flows to the yen. On Money in the Market, Peter Chia, Senior FX Strategist at UOB tells us more about forex in the current market.

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6 July 2022
Bigger Picture: Major currencies test fresh lows on USD strength
Peter Chia, Senior FX Strategist, UOB, discusses why the worst may be over for Pound weakness, and why an expected rate hike in July by the ECB will unlikely help lift the Euro, which is now at 20-year lows.

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29 April 2022
Forex Fridays: The Fed's Next Meeting, European Hawks, and Ringgit Softness
The month of April ended with markets bracing for the Federal Reserve's early May decision where many expect officials to enact an outsized 50 basis point rate hike, that could boost the greenback's outlook. And while more ECB officials have been sounding out rate hikes that may end the decade-long negative rate regime in Europe - -what happened to the Ringgit in April? Peter Chia, Senior FX Strategist at UOB, joined us once again on Forex Fridays, to discuss.

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25 March 2022
Forex Fridays: Looking at Dollars and the Curious Case of the Yen
It's been an interesting last few weeks for dollar currencies, with a hawkish Federal Reserve reviving the case for the US Dollar, and possibly blunting any upside for the Singapore Dollar. Plus, volatility in commodity prices may be bad for markets, but bring upside for the Australian Dollar. Peter Chia, Senior FX Strategist at UOB, joined us on Forex Fridays to recap the first quarter, and also discuss the curious case of the Japanese Yen's remarkable slide in recent weeks.

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25 February 2022
Forex Fridays: How Russia's Attack on Ukraine Is Showing Up in Forex Markets
The situation in Ukraine roiled markets and sparked bouts of volatility and selloffs along with a flight to safe havens. On Forex Fridays, JP Ong spoke to UOB Senior FX Strategist Peter Chia on how the events of the last few days has impacted broader FX markets.

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28 January 2022
Forex Friday: How high can the US dollar go?
On Forex Friday, Prime Time's Rachel Kelly speaks to Peter Chia, Senior FX Strategist, UOB who shares his outlook on Sing/US dollar after the surprise tightening of monetary policy by The MAS this week, and how much higher the US dollar is set to trend?

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26 November 2021
Forex Fridays: Assessing Omicron and Lessons from the Lira
The week that was saw markets rocked by the emergence of a new COVID-19 variant which threatened the global economic reopening. Peter Chia, Senior FX Strategist at UOB, joined us on Forex Fridays to talk about how this has hit forex markets and safe haven currencies, as well as take stock of lessons to take from the Turkish Lira's dramatic collapse in the mid-week.

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29 October 2021
Forex Fridays: Previewing the Fed's Upcoming Decision
Next week, the Federal Reserve makes its next policy decision, with many expecting the FOMC to lay out plans to taper its massive bond buying program. Peter Chia, Senior FX Strategist for UOB, joined us on Forex Fridays to talk about how the Fed's next actions may shape the USD and the broader FX space, and also look at policy decisions from the Bank of Japan and the European Central Bank in the last days of October.

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24 September 2021
Forex Fridays: Tightening Monetary Policy and China Risks
It was a busy week with a number of major central banks like the US Federal Reserve and the Bank of England making policy decisions, with hints of tighter support in the future. Meanwhile, property risks and fears of broader contagion in Mainland China raised more worries for broader markets. Peter Chia, UOB's Senior FX Strategist, joined us on Forex Fridays to recap the month that was, and what growing market jitters may mean for the FX space.

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27 August 2021
Forex Fridays: What's at Stake for FX Markets Leading Into September?
The end of August saw markets await Fed Chair Jerome Powell's speech at the Jackson Hole Symposium, that bolstered the USD in recent times. Ahead of that, the Bank of Korea became the first major central bank in Asia to hike rates. Peter Chia, UOB's Senior FX Strategist, joined us on Forex Fridays to take stock of the recent movements in forex markets.

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30 July 2021
Forex Fridays: The Weaker Dollar and AUDSGD Parity
The week that was saw the once-almighty dollar continue to weaken, but UOB's Senior FX Strategist Peter Chia thinks that this is just the beginning of the USD uptrend. He joined us on Forex Fridays to talk about what else he's watching out for in terms of markers for the greenback in the month ahead, how recent market volatility in China may or may not be affecting the Yuan, along with whether or not the Singapore Dollar can even gain more ground against the Aussie after parity was broken yet again in the local currency's favor.

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25 June 2021
Forex Fridays: Of Hawkish Dollar Strength, Firm Yuan Levels and Sturdy SingDollars
Forex markets head into the second half of the year with a more hawkish Fed hinting at possible taper talks in the coming months and rate hikes as soon as next year. How might this bolster the greenback, and how might this impact emerging market currencies in the region? Peter Chia, Senior FX Strategist at UOB, joined us on Forex Fridays to take stock of the Fed's recent moves, how it might impact the Chinese Yuan's recent strength, and UOB's outlook for the SIngapore Dollar in the second half.

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6 December 2019
Forex Fridays with UOB's Peter Chia
The week ahead's going to be a busy one, with the UK Elections on December 12, and the possible raising of tariffs on more Chinese goods on December 15. UOB's Senior FX Strategist Peter Chia joined us on Forex Fridays to give us his read of these big events -- and how it might impact the British Pound and the Chinese Yuan.

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