Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Riksbank: Early-2027 hike view – Nomura
Nomura’s European Economics team, led by Josie Anderson, George Buckley and Andrzej Szczepaniak, reviews the latest Riksbank decision to keep the policy rate at 1.75%.
Japanese Yen trims gains as downbeat foreign trade data offsets US Dollar’s weakness
The Japanese Yen (JPY) shows a moderate pullback on Friday, despite the broad-based US Dollar (USD) weakness, following the US Treasury’s plan to double buybacks of long-term Government debt.
Japanese Yen: Flows and trade leave Japanese Yen exposed – BNY
Geoff Yu at BNY Mellon highlights that foreign investors are accelerating Japanese Government Bond selling while Japanese investors increase purchases of overseas bonds and equities. This flow mix weakens support for the Japanese Yen and points to further depreciation.
Silver gives back some gains as US yields rebound
Silver (XAG/USD) declines 0.44% on Thursday and trades around $66.70 at the time of writing, giving back part of Wednesday’s gains.
Euro: Benefits from US Dollar weakness – DBS
Chang Wei Liang at DBS Group Research highlights that EUR/USD has rallied toward 1.17, with the Euro the main beneficiary of Dollar softness.
US Dollar: Downside risks grow as yields contained – MUFG
MUFG’s Derek Halpenny and Abdul-Ahad Lockhart highlight that the US Treasury’s unscheduled expansion of long-end buybacks triggered the largest daily US Dollar drop since March outside intervention episodes.
Gold reclaims $4,500 despite rebound in US Treasury yields and US Dollar
Gold (XAU/USD) trims its earlier intraday losses during American trading hours on Thursday and climbs back above the $4,500 mark, even as US Treasury yields rebound and the US Dollar (USD) stabilizes following the previous day’s sharp pullback.
Australian Dollar: Softer jobs data keeps RBA sidelined – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes AUD/USD is holding gains on broad US Dollar weakness despite a soft July Australian labor report. The economy unexpectedly lost jobs, with rising unemployment and falling hours worked pointing to weaker labor demand.
Gold Price Forecast: XAU/USD corrects below $4,500 as Yields recover some losses
Gold price (XAU/USD) is down 0.7% to near $4,490 in the European trading session on Thursday. The precious metal retreats from its 11-week high of $4,527 posted earlier in the day. The yellow metal comes under pressure as United States (US) Treasury Yields claw back some of Wednesday’s losses.
1.1700: Euro hits three-month highs as US Bond buyback plan crushes the US Dollar
The Euro (EUR) extends gains against an ailing US Dollar (USD) on Thursday, as the US Treasury’s plan to boost buybacks of long-term Government Bonds sent the Greenback tumbling across the board.
Euro holds steady against British Pound as ECB, BoE rate hike bets offset each other
EUR/GBP trades around 0.8580 on Thursday at the time of writing, showing little change on the day.
United States: Slow growth but data understate jobs – Commerzbank
Commerzbank economist Bernd Weidensteiner analyzes recent U.S. employment trends, noting that Nonfarm Payroll growth has slowed sharply, with average monthly gains of just 32,000 over the past year.
Indian Rupee: RBI minutes temper rate-cut hopes – DBS
Radhika Rao at DBS Group Research highlights that Reserve Bank of India (RBI) minutes from the early-August meeting were more cautious than Governor Sanjay Malhotra’s public messaging.