Market News
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Pound Sterling runs out of room at the July high
Sterling spent the London morning building a case for a break and the rest of the session dismantling it, trading near 1.3495 after a high just short of 1.3550 and a loss of not quite a tenth of a percent.
GBP/JPY Price Forecast: 50-day SMA caps sideways trading
The GBP/JPY holds firm on Wednesday at around 215.00, as neither buyers nor sellers are reluctant to open fresh directional bets amid fears of renewed intervention in the FX markets by US and Japanese authorities to propel the Yen.
Indonesia: BI succession supports Rupiah stability â DBS
DBS Group Researchâs Radhika Rao reports that Indonesiaâs onshore markets welcomed President Prabowoâs nomination of Deputy Governor Destry Damayanti as the next Bank Indonesia Governor.
Australian Dollar pulls back as inflation expectations loom
The Aussie Dollar ended Wednesdayâs session with losses against the Greenback as US inflation data matched estimates, in both headline and core. Consequently, traders pushed back against rate hikes, though the AUD/USD faded the initial move and traded at 0.7061, down 0.07%.
Euro reverses from two-day high, fade US soft CPI move
The Euro reversed course after reaching a two-day high of 1.1563, following the release of a benign US inflation report for July, which triggered a repricing for a less âhawkishâ Federal Reserve, throughout 2026.
Chinese Yuan: Credit softness may spur PBoC easing â Commerzbank
Commerzbankâs Charlie Lay and Dr. Henry Hao point out USD/CNY is stable around 6.75, with their model implying a slightly stronger PBoC fix.
Mexican Peso rallies to two-year high as soft CPI hits Fed bets
The Mexican Peso (MXN) appreciates on Wednesday against the US Dollar (USD) to levels last seen in May 2024 following a decline in US inflation, as markets expected, softer-than-expected, which trims bets of a rate hike by the Federal Reserve (Fed) in its next meeting.
New Zealand Dollar slips as Middle East uncertainty weighs on Kiwi
NZD/USD is trading near 0.5860, down over 0.30% on Wednesday and falling for the third consecutive day.
United States Monthly Budget Statement below forecasts ($-346B) in July: Actual ($-432B)
United States Monthly Budget Statement below forecasts ($-346B) in July: Actual ($-432B)
Singapore Dollar: Upside risk builds against US Dollar â UOB
UOBâs Quek Ser Leang and Lee Sue Ann note that USD/SGD closed little changed around 1.2800, with the S$NEER trading 1.7% above its mid-point and implying a 1.2760â1.2822 range.
USD/CHF Price Forecast: Bearish flag forms as bulls eye 0.8200
The USD/CHF pair edges higher by some 0.30% on Wednesday, refreshing ten-day highs of 0.8138, as the uptrend is poised to extend if it clears key resistance levels.
Chinese Yuan: Range trade and upside risk against US Dollar â UOB
UOBâs Quek Ser Leang and Lee Sue Ann note that USD/CNH has been confined to a tight range and expect the Dollar to trade between 6.7430 and 6.7530 in the near term.
Forex Today: US Dollar firms ahead of a packed session
The US Dollar (USD) has extended its recovery on Wednesday following a Consumer Price Index (CPI) report that printed in line with forecasts. The US Dollar Index (DXY) has pushed back above the 100.00 mark, and the bid has broadened out against most majors heading into a data-heavy Thursday.