DBS Group Research report, authored by Radhika Rao, reports that Moody’s has changed Indonesia’s rating outlook to ‘negative’ from ‘stable’ while affirming the Baa2 rating.
Lee Hardman, Senior Currency Analyst at MUFG, notes the impact of Japan's election risk on the Japanese Yen. The USD/JPY has risen above the 157.00-level, driven by expectations that the ruling coalition will strengthen its majority.
NZD/USD remains subdued for the second consecutive day, trading around 0.5990 during the early European hours on Thursday. The technical analysis of the daily chart signals a potential for bearish reversal as the pair price is positioned slightly below the lower ascending channel boundary.