Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Singapore: Strong growth momentum defies risks â DBS
DBS Group Research economist Chua Han Teng highlights that Singaporeâs economy is set to deliver above-trend growth for a third straight year in 2026, supported by manufacturing, wholesale trade and financial services.
Euro: Rangebound against US Dollar as volatility sinks â ING
Chris Turner at ING observes that EUR/USD realised volatility continues to decline, with one-year volatility matching lows from November 2024.
United States Redbook Index (YoY) down to 8.3% in August 7 from previous 8.7%
United States Redbook Index (YoY) down to 8.3% in August 7 from previous 8.7%
Japanese Yen: Heading back toward 160 against US Dollar â Commerzbank
Volkmar Baur at Commerzbank notes that the Japanese Yen has weakened again above 159 per Dollar despite recent intervention and Bank of Japan signals.
Japanese Yen struggles as impact of joint intervention fades
USD/JPY treads water on Tuesday as the Japanese Yen (JPY) struggles to find its footing, facing headwinds from a firmer US Dollar (USD) and elevated Oil prices. At the time of writing, the pair trades around 159.24 after hitting an intraday low of 158.92.
US ADP Employment Change 4-week average drops to 8.25K
Private-sector hiring in the US has further cooled in late July. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 8.25K jobs per week in the four weeks ending July 25.
Australian Dollar: RBA softens hawkish stance â BBH
Brown Brothers Harrimanâs (BBH) Elias Haddad reports the Reserve Bank of Australia (RBA) delivered a less hawkish hold, keeping rates at 4.35% and judging policy âsomewhat restrictiveâ as the labor market has eased more than expected.
United States ADP Employment Change 4-week average fell from previous 15K to 8.25K in July 18
United States ADP Employment Change 4-week average fell from previous 15K to 8.25K in July 18
Silver retreats toward $65.00 as Oil rebound revives inflation concerns
Silver (XAG/USD) extends its correction on Tuesday and trades around $65.05 at the time of writing, down 2.31% on the day.
Mexico Industrial Output (YoY) came in at 1.7%, above forecasts (1.1%) in June
Mexico Industrial Output (YoY) came in at 1.7%, above forecasts (1.1%) in June
Mexico Industrial Output (MoM) below forecasts (0.3%) in June: Actual (0.2%)
Mexico Industrial Output (MoM) below forecasts (0.3%) in June: Actual (0.2%)
Brazil IPCA Inflation above forecasts (0.03%) in July: Actual (0.07%)
Brazil IPCA Inflation above forecasts (0.03%) in July: Actual (0.07%)
US Dollar: CPI keeps USD in tight ranges â OCBC
OCBCâs Sim Moh Siong and Christopher Wong note the US Dollar (USD) softened as Fed hike expectations moderated and the US yield curve steepened.