23 Jun 2025 | News & Feature

TFP W26 2025: Back in sync, but remains apart

  • Despite the spiking oil prices, the US financial market has not reacted to the intensifying Iran nuclear crisis, although market participants are still looking for updates.
  • The DXY index seems to be moving in tandem with UST yields again, although still at a different price level given the polytopic uncertainties still present in the US economy.
  • The renewed UST-USD alignment poses another challenge for the Rupiah, as the currency may face pressure from both rising UST yields and a recovering USD.