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New Zealand Dollar edges lower below 0.6000 after weaker Retail Sales data
The NZD/USD pair declines to around 0.5970 during the early Asian session on Monday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) following New Zealand's downbeat economic data.
Iranās Araghchi says new sanctions threatened by 'desperate' US will fail
Iran's Foreign Minister Abbas Araghchi dismissed the threat of a fresh round of US economic sanctions as a ādesperateā ploy and said the expected new measures would fail to defeat Tehran, Reuters reported on Sunday.
New Zealand Retail Sales fall 0.5% QoQ in Q2, vs 0.1 expected
Retail Sales,a measures of the volume of sales of goods by retailers in New Zealand, fell 0.5% QoQ in the second quarter (Q2) of 2026 after rising 1.0% in Q1 (revised from 0.9%), the latest data published by the Statistics New Zealand showed onĀ Monday.Ā
New Zealand Retail Sales ex Autos (QoQ) declined to 0.7% in 2Q from previous 1%
New Zealand Retail Sales ex Autos (QoQ) declined to 0.7% in 2Q from previous 1%
New Zealand Retail Sales (QoQ) registered at -0.5%, below expectations (0.1%) in 2Q
New Zealand Retail Sales (QoQ) registered at -0.5%, below expectations (0.1%) in 2Q
New Zealand Retail Sales (QoQ) above expectations (0.1%) in 2Q: Actual (0.7%)
New Zealand Retail Sales (QoQ) above expectations (0.1%) in 2Q: Actual (0.7%)
AUD/USD Price Forecast: Bulls target YTD high after breakout
The Aussie Dollar finished the week with gains of over 0.82% on Friday and up more than 1.20% for the week as the US Dollar tumbled following the US Treasury Department's announcement of a bond buyback for the long end of the curve. The AUD/USD trades at 0.7170, after rebounding near 0.7067.
USD/CHF Price Forecast: Bulls reclaim 0.8000 as recovery stalls
The USD/CHF advanced on Friday, registering a modest 0.07% gain, trading at 0.8010. During the week, the pair finished with losses of over 1.49%, triggered by a drop in US yields on Wednesday, as the US Treasury tries to cap elevated yields on the 30-year bond.
US Treasury yields extend rebound as Services PMI beats estimates
US Treasury yields continue their recovery following the announcement of a bond buyback by the US Department of the Treasury, while data reveal that business activity remains solid despite a slowdown in manufacturing.
Mexican Peso reaches two-year high despite weaker Retail Sales
The Mexican currency appreciates to levels last seen in May 2024 as the USD/MXN falls to a two-year low as the US Dollar tumbles even though business activity in the services sector improved. The exotic pair trades at 16.92, down 0.22% for the week and 0.50% for the week.
South Korean Won: Cautious tightening path expected from BoK ā DBS
DBS economists Taimur Baig and Radhika Rao expect the Bank of Korea (BoK) to raise its base rate by 25bps to 3.00% at the August meeting, alongside upgraded Gross Domestic Product (GDP) and Consumer Price Index (CPI) forecasts.
Malaysian Ringgit: Robust trade supports MYR ā Commerzbank
Commerzbankās Moses Lim notes Malaysiaās July exports rose 38.0% year-on-year, marking a fourth month of doubleādigit growth led by electronics and machinery. The bank highlights resilient external demand, strong shipments to the US and China, and an AIādriven electronics cycle.
Forecasting the upcoming week: Warsh's Jackson Hole debut and US inflation test a soft US Dollar
The US Dollar Index (DXY) ended the week near even with Thursday, holding near 98.80. Like Thursday, DXY traded down to the 98.50s before recovering later in the session.