United States 4-Week Bill Auction: 4.29% vs 4.245%

After speaking to Mexican President Claudia Sheinbaum on the phone on Thursday, United States (US) President Donald Trump said that Mexico will continue to pay a 25% fentanyl tariff, 25% tariff on cars, and 50% tariff on steel, aluminum, and copper.

TradingKey - On Friday morning (U.S. Eastern Time), the U.S. Commerce Department released the June PCE Price Index, the Federal Reserve’s preferred inflation gauge — and the data came in hotter than e

Colombia National Jobless Rate below expectations (9.2%) in June: Actual (8.6%)

United States EIA Natural Gas Storage Change above expectations (38B) in July 25: Actual (48B)

United States Chicago PMI came in at 47.1, above expectations (42) in July

South Africa SARB Interest Rate Decision meets forecasts (7%)

Russia Central Bank Reserves $: $695.5B vs $683.7B

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 218K for the week ending July 26.

Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, rose to 2.6% in June from 2.4% in May (revised from 2.3%), the US Bureau of Economic Analysis reported on Thursday.

Canada Gross Domestic Product (MoM) in line with expectations (-0.1%) in May

United States Core Personal Consumption Expenditures - Price Index (MoM) meets forecasts (0.3%) in June

United States Initial Jobless Claims below forecasts (224K) in July 25: Actual (218K)

United States Continuing Jobless Claims below expectations (1.96M) in July 18: Actual (1.946M)

United States Initial Jobless Claims 4-week average dipped from previous 224.5K to 221K in July 25

United States Personal Consumption Expenditures - Price Index (YoY) registered at 2.6% above expectations (2.5%) in June

United States Core Personal Consumption Expenditures - Price Index (YoY) came in at 2.8%, above forecasts (2.7%) in June

United States Personal Spending came in at 0.3% below forecasts (0.4%) in June

United States Personal Consumption Expenditures - Price Index (MoM) in line with expectations (0.3%) in June

Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), held steady at 2% in July, Destatis' flash estimate showed on Thursday. This reading came in above the market expectation of 1.9%.

South Africa Trade Balance (in Rands) rose from previous 21.67B to 22.04B in June

United States Challenger Job Cuts climbed from previous 47.999K to 62.075K in July

Instead of continuing to rally, US Dollar (USD) is more likely to consolidate between 7.1920 and 7.2150 against Chinese Yuan (CNH). In the longer run, sharp rally appears excessive, but there is a chance for USD to rise further to 7.2250, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Italy Producer Price Index (MoM) rose from previous -0.7% to 1.5% in June

Italy Producer Price Index (YoY) climbed from previous 1.7% to 2.5% in June

The Bank of Japan also left interest rates unchanged at its monetary policy meeting, which ended early this morning, Commerzbank's FX analyst Volkmar Baur notes.

The Bank of Japan kept its policy rate unchanged at 0.5% but delivered a hawkish surprise by sharply upgrading its FY2025 inflation forecast to 2.7%.

South Africa Producer Price Index (MoM) up to 0.2% in June from previous -0.3%

South Africa Producer Price Index (YoY) rose from previous 0.1% to 0.6% in June

Investment funds reduced their net long exposure in TTF natural gas by 32.8TWh to 127.5TWh last week. Still, the recent rally in European gas prices suggests fund positioning may have rebounded since the reporting cut-off, ING's commodity experts Ewa Manthey and Warren Patterson note.