India FX Reserves, USD fell from previous $634.59B to $625.87B in January 6

Jan 17, 2025

DXY: Dip may find support in the interim – OCBC

US Dollar (USD) was a touch softer overnight, helped by dovish comments from Fed’s Waller. He said that Fed may cut rates more this year and sooner than investors expect if future inflation data fall in line with Dec CPI report.

USD/JPY decline is likely part of a lower range – UOB Group

Weakness has not stabilized, but any further US Dollar (USD) decline is likely part of a lower range of 154.90/156.15. In the longer run, USD remains weak; if it breaks below 154.90, the next objective will be at 154.40, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.