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United States Total Net TIC Flows: $133.5B (June) vs $132.2B
United States Total Net TIC Flows: $133.5B (June) vs $132.2B
United States Net Long-Term TIC Flows registered at $172.7B above expectations ($151.4B) in June
United States Net Long-Term TIC Flows registered at $172.7B above expectations ($151.4B) in June
Japanese Yen muted on a soft US Dollar note
USD/JPY is close to flat on Monday, holding the mid-159.00s region after a soft Japanese growth report overnight failed to shift it in either direction. The pair has been drifting between support at 158.60 and resistance just above 159.50 for five straight days. This is a standoff, not a trend.
Singapore Dollar: Mild upside bias against US Dollar remains intact – UOB
United Overseas Bank’s (UOB) Quek Ser Leang notes USD/SGD remains under mild downward pressure after slipping to 1.2775 before rebounding. Intraday, the pair may retest 1.2775, but support at 1.2765 is expected to hold.
Mexican Peso softens as Middle East risks boost US Dollar
The Mexican Peso (MXN) weakens against the US Dollar (USD) on Monday, with USD/MXN reclaiming the 17.00 level, even though the latest US inflation and Retail Sales data disappointed investors. At the time of writing, the USD/MXN pair trades at 17.03, breaking a four-day losing streak.
Chinese Yuan: Policymakers guide measured RMB appreciation – OCBC
OCBC’s Sim Moh Siong and Christopher Wong highlight that USD/CNH is trading near recent lows as Chinese policymakers allow a measured pace of Renminbi (RMB) appreciation while resisting an overly rapid move via a sizeable fixing premium.
United States: Washington hardens AI alignment strategy - Rabobank
Rabobank’s Senior Macro Strategist Bas van Geffen describes Washington’s emerging carrot-and-stick approach to artificial intelligence, extending its Pax Silica framework.
A crushed US Dollar sends Gold into a rally above $4,400
Gold (XAU/USD) price rises over 1% on Monday amid overall US Dollar (USD) weakness and lower US Treasury yields, following last week’s soft inflation data that reduced speculation of a hawkish Federal Reserve (Fed), . The XAU/USD trades at $4,422 after bouncing off daily lows of $4,367.
USD/CHF Price Forecast: Bulls need a break above 0.8200 to regain momentum
USD/CHF rebounds on Monday as the US Dollar (USD) recovers from its early losses. At the time of writing, the pair trades around 0.8112 after touching an intraday low of 0.8072, its lowest level in over a week.
Silver Price Forecast: XAG consolidates as haven demand returns
Silver (XAG/USD) price surges nearly 1.80% on Monday as the Greenback dives, while uncertainty over the US-Iran conflict clouds investor sentiment. The precious metals segment seems to have regained its haven status, even though Oil prices edged higher.
Euro returns below 1.1600 as US Dollar selling pressure eases
EUR/USD trims earlier gains on Monday as the US Dollar (USD) shows signs of stabilization after opening the week under selling pressure. At the time of writing, the pair trades around 1.1580 after touching an intraday high of 1.1614, its highest level since June 17.
EUR/GBP trades in a tight range ahead of UK jobs data
EUR/GBP is holding a narrow band around the mid-0.8500s with little conviction in either direction. At the time of writing, the cross is close to flat on the day.
The US Dollar Index cannot rally with Washington on the offer
The Dollar Index trades near 99.50, roughly a tenth of a percent lower, having opened directly on its 200-day Exponential Moving Average (EMA) and failed there inside the first minutes, with a session low just above 99.25 taking out the August range.