News

Euro: Choppy range outlook against US Dollar – Rabobank

Rabobank's Senior FX Strategist Jane Foley notes that EUR/USD recently fell below its prior 1‑month forecast of 1.15, prompting a reassessment of projections.

Source  Fxstreet1783332236
British Pound: Sterling strength on positioning and flows – Societe Generale

Societe Generale notes that Sterling has been the strongest G10 currency since the Makerfield by-election, helped by a still-sizeable but reduced speculative short base.

Source  Fxstreet1783331489
CEE FX: Dovish signals challenge gains – ING

ING’s Frantisek Taborsky notes weaker US data and a softer Dollar helped Central and Eastern European (CEE) currencies, but focus now shifts to local inflation and central banks.

Source  Fxstreet1783330328
Euro holds gains following release of Eurozone Retail Sales data

EUR/JPY continues to gain ground for the second successive day, trading around 185.30 during the European hours on Monday. The currency cross remains stronger as the Euro (EUR) holds ground following the release of key economic data from the Eurozone and Germany.

Source  Fxstreet1783329319
Canadian: Business Outlook Survey to gauge confidence with energy shock – RBC

Royal Bank of Canada (RBC) economists Nathan Janzen and Abbey Xu note the Bank of Canada’s (BoC) Q2 Business Outlook Survey will show how firms reacted to recent energy price volatility, with West Texas Intermediate (WTI) previously near US$100.

Source  Fxstreet1783327332

United Kingdom S&P Global Construction PMI below expectations (40) in June: Actual (38.4)

Source  Fxstreet1783326601

Switzerland Unemployment Rate s.a (MoM) registered at 3.1% above expectations (3%) in June

Source  Fxstreet1783324793
Equities: Risk tone improves with dovish repricing – Deutsche Bank

Deutsche Bank strategists note that the S&P 500 delivered its strongest weekly gain since early May, supported by a softer US payrolls print and a dovish repricing of Fed expectations.

Source  Fxstreet1783320368

Germany Factory Orders n.s.a. (YoY): 6.2% (May) vs 1.6%

Source  Fxstreet1783317897
Germany Factory Orders rises 1.9% in May, beats 1.2% estimates

Germany's Factory Orders jumps 1.9% in May, faster than 1.2% estimates, according to the official data published by the Federal Statistics Office on Monday. In April, the economic data was declined by 3.2%, revised higher from -3.8%.

Source  Fxstreet1783317859

Germany Factory Orders s.a. (MoM) came in at 1.9%, above expectations (1.2%) in May

Source  Fxstreet1783317603
Indonesian Rupiah weakens as Fed hike bets lift US Dollar

USD/IDR rises for the second successive day, trading around 18,040 during the Asian hours on Monday. The pair appreciates as the US Dollar receives support from prevailing market expectations of Federal Reserve (Fed) interest rate hikes later this year.

Source  Fxstreet1783315745
United States Dollar Index rises to near 101.00 on Fed hikes this year

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after remaining unchanged in the previous day and trading around 101.00 during the Asian hours on Monday.

Source  Fxstreet1783314562

Singapore Retail Sales (MoM) dipped from previous 0.3% to -2.3% in May

Source  Fxstreet1783314001

Singapore Retail Sales (YoY): 3% (May) vs previous 5.4%

Source  Fxstreet1783314001
ECB’s Moulin: Central bank is in a “good position” after raising interest rates in June

European Central Bank (ECB) Governing Council member Emmanuel Moulin said at the Rencontres Economiques conference in Aix-en-Provence on Saturday that the central bank is in a “good position” after raising interest rates in its June policy meeting, with inflation easing alongside the slump in oil pr

Source  Fxstreet1783306520

Australia ANZ Job Advertisements declined to -0.2% in June from previous 1.8%

Source  Fxstreet1783301556

Australia TD-MI Inflation Gauge (YoY) fell from previous 4.4% to 3.9% in June

Source  Fxstreet1783300351

New Zealand ANZ Commodity Price fell from previous 0.7% to -1% in June

Source  Fxstreet1783300275

Australia TD-MI Inflation Gauge (MoM): -0.4% (June) vs previous -0.3%

Source  Fxstreet1783300051
The Week Ahead: US Stocks Face Liquidity Test After Independence Day Holiday. SpaceX Officially Joins Nasdaq 100 as Fed June Minutes Loom

TradingKey - In the coming week, global capital markets will face a liquidity shock after the long Independence Day holiday. SpaceX ( SPCX ), the protagonist of the IPO of the century, will be officia

Source  Tradingkey1783252800
Chinese Yuan: Range trade bias stays neutral against US Dollar – UOB

UOB’s Quek Ser Leang notes that USD/CNH has seen a slight pickup in downward momentum, but still expects the pair to remain range-bound. The bank now looks for a lower intraday band around 6.7820–6.7940, while its 1–3 week view stays neutral, with USD/CNH likely to trade between 6.7750 and 6.8080.

Source  Fxstreet1783110480
Singapore Dollar: Seen consolidating in range against US Dollar – Commerzbank

Commerzbank highlights that strong Singapore manufacturing and electronics PMIs underpin a constructive growth outlook, with Q2 GDP expected to exceed Q1’s 6% expansion. Against this backdrop, USD/SGD has eased slightly but remains near this year’s highs.

Source  Fxstreet1783107540
Chinese Yuan: Bulls extend gains on PMI resilience – Societe Generale

Societe Generale notes that stronger-than-expected China PMI data suggest slow but steady growth, reducing urgency for the PBoC to ease policy. The bank highlights that USD/CNY has fallen back below its 50-day moving average as Yuan strength reflects robust exports supported by the global AI boom.

Source  Fxstreet1783104660
Singapore Dollar: Range bias with key levels against US Dollar – UOB

UOB’s Quek Ser Leang notes that USD/SGD’s sharp drop toward 1.2900 looks overdone, but the pair may still test support near 1.2890 in the near term before stabilising.

Source  Fxstreet1783099018
India: Credit-risk capital overhaul reshapes ratings – Societe Generale

Societe Generale economist Kunal Kundu explains that the Reserve Bank of India’s revised Standardised Approach for credit-risk capital will tie regulatory risk weights to both borrower ratings and each agency’s historical default performance from April 2027.

Source  Fxstreet1783093860
Canada: Trade risks and persistence – RBC

Royal Bank of Canada (RBC) economists Claire Fan and Nathan Janzen assess the implications of the U.S. decision not to extend CUSMA (Canada-United States-Mexico Agreement) on July 1st.

Source  Fxstreet1783091642
Bank of Japan: Wage data backs rates hike path – Wells Fargo

Wells Fargo Economics expects Japan’s May labor cash earnings to confirm a sustained wage-price cycle, supporting Bank of Japan (BoJ) policy normalization.

Source  Fxstreet1783089046
Bank of England : DMP expectations and MPC stance – TD Securities

TD Securities strategists highlight that the June United Kingdom (UK) Decision Maker Panel (DMP) survey shows one‑year inflation expectations easing while three‑year expectations stay near 3%.

Source  Fxstreet1783088332
Euro area: Indirect inflation effects still pending – Societe Generale

Societe Generale economists Sam Cartwright, Michel Martinez and Jorge Garayo note that Euro area inflation has not yet shown indirect effects from the energy shock in food or goods prices.

Source  Fxstreet1783086869
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