Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
New Zealand Producer Price Index - Output (QoQ) above expectations (0.8%) in 2Q: Actual (1.6%)
New Zealand Producer Price Index - Output (QoQ) above expectations (0.8%) in 2Q: Actual (1.6%)
New Zealand Producer Price Index - Input (QoQ) registered at 2.9% above expectations (1.3%) in 2Q
New Zealand Producer Price Index - Input (QoQ) registered at 2.9% above expectations (1.3%) in 2Q
British Pound Sterling's three-month high was made in America
The British Pound trades just short of 1.3550 against the Dollar on Tuesday, holding inside Monday's range after a peak short of 1.3600 carried it to its strongest level since early May. That leaves close to 300 pips of recovery from the base just short of 1.3300 built in the first week of August.
Mexican Peso dips on Middle East tensions, eyes on FOMC minutes
The Mexican Peso loses some ground on Tuesday, depreciating by about 0.16% against the US Dollar as investors await the release of the Federal Reserve’s last meeting minutes, with a resolution of the US-Iran conflict remaining unlikely.
Chinese Yuan: Sideways range holds against US Dollar – UOB
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann note that USD/CNH has been trading quietly, with intraday ranges clustered around current levels.
South Korean Won: Bearish Won view with 1,400 support – TD Securities
TD Securities turns bearish on the Korean Won, arguing USD/KRW is likely to find support around 1,400 as prior KRW strength fades.
Singapore Dollar: Upside risk stays in focus against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD rebounded after a sharper-than-expected drop to 1.2752, easing immediate downside pressure and pointing to intraday consolidation between 1.2760 and 1.2795.
USD/CHF Price Forecast: Flag support rebound keeps bulls alive
The USD/CHF pair recovers some ground on Tuesday after testing the 50-day Simple Moving Average (SMA) of 0.7866 along with the bottom trendline of the ‘bearish flag’, which so far contained price action amid the lack of conviction of buyers and sellers, regarding the trend’s direction.
Chinese Yuan: Gradual appreciation view – MUFG
MUFG analysts Lin Li and Khang Sek Lee note that July data point to weaker Chinese growth and a widening divergence between the "new" and "traditional" economy.
Singapore Dollar: Strong exports underpin SGD – Commerzbank
Commerzbank’s Singapore-focused FX research highlights robust non-oil domestic exports driven by electronics and AI-related demand, with NODX growth already above the government’s upgraded full-year forecast.
Economists agree: BoE will hold rates through year-end – Reuters poll
The Bank of England (BoE) will keep interest rates unchanged for the rest of the year, according to a Reuters poll conducted between August 13 and 18.
Japanese Yen drifts lower as Greenback retains safe-haven bid
USD/JPY holds modest gains near the 159.60s on Tuesday, edging higher on the day. The pair has clawed back ground after a recent sharp pullback and is grinding back toward the upper end of its recent range.
Indonesia Rupiah: Fiscal discipline supports stability – UOB
UOB economist Enrico Tanuwidjaja reviews Indonesia’s 2027 State Budget, highlighting a calibrated balance between growth and fiscal discipline that matters for the Rupiah and local bonds.