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Canadian Dollar benefits from softer US Dollar despite lower Oil prices
USD/CAD trades near 1.4105 on Tuesday at the time of writing, down 0.14% on the day, though the pair remains close to its recent highs as traders refrain from taking aggressive positions ahead of the Federal Reserve (Fed) monetary policy decision.
Federal Reserve: Knife-edge policy risks surprise – ING
ING’s Padhraic Garvey expects the Federal Reserve (Fed) to leave rates unchanged at the upcoming Federal Open Market Committee (FOMC) meeting, with odds seen around 60:40 for no move.
Euro: Pressured by softer ECB expectations – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight a softer Euro (EUR), with EUR/USD drifting toward the mid-1.13s and levels last seen in May 2025.
Why hot Australian inflation could reignite the Reserve Bank of Australia hike debate
The Australian Dollar (AUD) is balancing stickier-than-expected domestic inflation against broader global market volatility.
United States Richmond Fed Manufacturing Index below forecasts (10) in July: Actual (5)
United States Richmond Fed Manufacturing Index below forecasts (10) in July: Actual (5)
Australian Dollar: RBA pause risk weighs on Aussie – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports that Australian Dollar (AUD) is underperforming after Reserve Bank of Australia (RBA) Governor Michele Bullock balanced a hawkish bias with a message of patience, noting easing domestic demand and labour conditions.
Canadian Dollar: Limited upside for CAD against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note USD/CAD is trading near fair value around 1.4115, with the Canadian Dollar (CAD) constrained by wide short-term rate differentials versus the Dollar.
British Pound: Political risks and BoE stance shape outlook – Rabobank
Rabobank's Senior FX Strategist Jane Foley discusses British Pound (GBP) prospects around UK welfare reform, shifting voter polls and the upcoming Bank of England (BoE) decision. Foley highlights how PM Burnham’s fiscal choices and intra-Labour tensions could affect gilts and the Pound.
United States Redbook Index (YoY) up to 8.3% in July 24 from previous 7.8%
United States Redbook Index (YoY) up to 8.3% in July 24 from previous 7.8%
Trump downplays escalation risks while warning Iran against breaking agreements
In an interview with Fox News, US President Donald Trump said that Pickaxe Mountain, an Iranian underground nuclear site, is not a big problem, adding that the United States (US) is now in a very strong position with Iran.
United States Housing Price Index (MoM) registered at 0.3% above expectations (0.2%) in May
United States Housing Price Index (MoM) registered at 0.3% above expectations (0.2%) in May
United States S&P/Case-Shiller Home Price Indices (YoY) registered at 1.6% above expectations (1.3%) in May
United States S&P/Case-Shiller Home Price Indices (YoY) registered at 1.6% above expectations (1.3%) in May
Copper: Tight supply underpins constructive outlook – ING
ING strategists Warren Patterson and Ewa Manthey highlight that Copper has extended its July gains as easing Middle East tensions lift sentiment. They point to tight physical conditions, low inventories and firm Chinese import demand as key supports.