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2026-07-23

BMI expects Bank Indonesia to raise rates by a further 50 bps to 6.25% by year-end as policy concerns and renewed US–Iran tensions weigh on the Indonesian rupiah. The agency says the currency is likely to remain weak despite recent intervention and p

BMI expects Bank Indonesia to raise rates by a further 50 bps to 6.25% by year-end as policy concerns and renewed US–Iran tensions weigh on the Indonesian rupiah. The agency says the currency is likely to remain weak despite recent intervention and policy tightening. Rising oil prices could boost Indonesia’s import bill and heighten fiscal risks, while persistent governance and policy uncertainty may continue to sap investor sentiment; BMI adds that BI’s growth-supportive stance should limit the scope for further hikes.
2026-07-23

Dollar index (DXY) fell below 101, down 12 bps intraday (−0.12%).

Dollar index (DXY) fell below 101, down 12 bps intraday (−0.12%).
2026-07-23

The US dollar index (DXY) fell below 101, down 0.12% on the day.

The US dollar index (DXY) fell below 101, down 0.12% on the day.
2026-07-23

Stronger-than-expected Australian June employment prompted interest-rate markets to lift bets on a Reserve Bank of Australia August rate hike. At market open odds of an August move were 25% and odds of a hike in the remainder of 2026 were 80%; after

Stronger-than-expected Australian June employment prompted interest-rate markets to lift bets on a Reserve Bank of Australia August rate hike. At market open odds of an August move were 25% and odds of a hike in the remainder of 2026 were 80%; after the data these rose to 33% and 95%, respectively. IG market strategist Tony Sycamore said the RBA would be concerned about a tightening labor market while inflation remains elevated.
2026-07-23

Piper Sandler cuts its PT on Alphabet (GOOG.O) to $395 from $445.

Piper Sandler cuts its PT on Alphabet (GOOG.O) to $395 from $445.
2026-07-23

Piper Jaffray: Lowered its target price for Alphabet (GOOG.O) from $445 to $395.

Piper Jaffray: Lowered its target price for Alphabet (GOOG.O) from $445 to $395.
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