News

Indian Rupee: RBI minutes temper rate-cut hopes – DBS

Radhika Rao at DBS Group Research highlights that Reserve Bank of India (RBI) minutes from the early-August meeting were more cautious than Governor Sanjay Malhotra’s public messaging.

Source  Fxstreet1787218714
Federal Reserve: AI, inflation risks and limited FX impact – MUFG

MUFG’s research team uses AI-driven textual analysis to judge the July FOMC minutes as slightly more hawkish, with broader support for a rate hike and concern over inflation expectations.

Source  Fxstreet1787217937
Euro weakens against Canadian Dollar amid higher oil prices

EUR/CAD halts its three-day winning streak, trading around 1.6110 during the European hours on Thursday. The currency cross faces downward pressure as the commodity-linked Canadian Dollar (CAD) gains support from rising crude oil prices.

Source  Fxstreet1787217001
Indian Rupee: RBI seen comfortably on hold – Commerzbank

Commerzbank’s Dr. Henry Hao and Moses Lim note India’s economy remains supported by strong domestic demand and exports, with growth projected at 6.7% in fiscal 2026-2027 versus 8% previously. Inflation is forecast at 5%, within the RBI’s 2-6% band, allowing policy to stay on hold at 5.25%.

Source  Fxstreet1787215581
Federal Reserve: Divided hawks shape late-2026 hike risks – Societe Generale

Societe Generale’s Jan Groen highlights a divided Federal Reserve, with a larger ‘keep-on-hold’ camp waiting for core PCE inflation data in 2H 2026 before backing rate hikes.

Source  Fxstreet1787214828
US Treasury doubles long-dated bond buybacks: Why are yields rising again?

The US 10-year Treasury yield attempts to stabilize on Thursday, edging higher to 4.672% at the time of writing after hitting a low of 4.635% on Wednesday.

Source  Fxstreet1787214739
British Pound gains as US Dollar softens on Treasury bond buybacks

GBP/USD extends its gains for the second successive day, trading around 1.3630 during the European hours on Thursday. The pair appreciates as the US Dollar (USD) faces challenges, driven by the decision of the US Treasury Department to stabilize domestic bond markets.

Source  Fxstreet1787213910
Japanese Yen: Bullish bias within broad range against US Dollar – UOB

United Overseas Bank’s Quek Ser Leang and Lee Sue Ann highlight that USD/JPY dropped sharply to around 158.00, eroding the previous upside bias.

Source  Fxstreet1787213487
South African Rand: inflation risks from El Niño – Commerzbank

Commerzbank’s Volkmar Baur notes South African inflation surprised on the downside in August, with headline Consumer Price Index (CPI) at 4.3% and core at 4.2%.

Source  Fxstreet1787212410
Indian Rupee: Hawkish RBI pause shifts rate outlook – Societe Generale

Societe Generale’s Kunal Kundu says the Reserve Bank of India's (RBI) August 2026 Monetary Policy Committee (MPC) minutes reveal a more hawkish inflation assessment than the policy statement suggested.

Source  Fxstreet1787210890
Swedish Krona: Hawkish Riksbank stance holds – Commerzbank

Commerzbank’s Antje Praefcke expects the Sweden’s central bank, the Riksbank, to leave its policy rate at 1.75% and maintain a hawkish tone similar to June’s statement.

Source  Fxstreet1787208765
Equities: Yield relief and healthcare gains lift markets – Deutsche Bank

Deutsche Bank strategists note that equities rebounded as a sharp decline in long-end US Treasury yields helped the S&P 500 end a three-day losing streak.

Source  Fxstreet1787207152
Iran's Araghchi says economic D-Day is a diversion from the US crisis

Iran's Foreign Minister Abbas Araghchi dismissed US President Donald Trump’s threatened “economic D-Day” against Tehran as an attempt to divert attention from US debt and rising interest costs, Reuters reported on Thursday. Araghchi added that US policies will bring defeat and enmity. 

Source  Fxstreet1787207058
Indonesian Rupiah strengthens as BI to focus on currency stability

USD/IDR extends its losses for the second successive day, trading around 17,810 during the Asian hours on Thursday. The pair depreciates as the Indonesian Rupiah (IDR) finds solid backing from Bank Indonesia's (BI) renewed commitment to currency stability.

Source  Fxstreet1787203869
Asian equities rally; KOSPI leads gains as US Treasury support counters Fed/Iran risks

Asian equities advanced on Thursday, with South Korea's KOSPI surging nearly 6% intraday amid a more than 5% jump in SK Hynix shares following the buyback announcement.

Source  Fxstreet1787198269
Japanese Yen struggles amid widening Trade Deficit, escalating import costs

USD/JPY appreciates after registering modest losses in the previous day, trading around 158.50 during the Asian hours on Thursday.

Source  Fxstreet1787194434
China's Commerce Ministry sets anti-dumping tax rates on polyoxymethylene from US, EU, Taiwan and Japan

China's Commerce Ministry on Thursday announced a decision on corporate tax rate for enterprises related to anti-dumping measures on imported polyoxymethylene from the United States (US), the European Union (EU), Taiwan and Japan, Reuters reported.

Source  Fxstreet1787192736

Australia Part-Time Employment dipped from previous 47K to -32.2K in July

Source  Fxstreet1787189613
PBOC leaves Loan Prime Rates unchanged in August

The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Wednesday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively.

Source  Fxstreet1787188049
US President Donald Trump announces "crushing economic operation" on Iran

US President Trump announced the most severe economic action ever taken against Iran, CBS News reported on Wednesday. Trump said this will be economic conflict and isolation on an unprecedented scale and the countries allowing financial aid to Iran will face severe economic consequences. 

Source  Fxstreet1787182871
Fed July Minutes: If Inflation Doesn't Fall, Rate Hikes May Be Needed

TradingKey - The Federal Reserve released the minutes of its July meeting on August 19, Eastern Time. At the meeting held on July 28–29, the FOMC decided to maintain the target range for the federal f

Source  Tradingkey1787164051

United States 20-Year Bond Auction: 5.204% vs 5.163%

Source  Fxstreet1787162577
Indonesian Rupiah: BI holds rates to back IDR – BNY

Geoff Yu writes that Bank Indonesia (BI) kept its benchmark rate at 5.75% for a second month in Acting Governor Destry Damayanti’s first decision.

Source  Fxstreet1787153041
US 10-year Treasury yield tumbles as Treasury steps in to calm bond market

The US 10-year Treasury yield declines sharply on Wednesday, trading at 4.651% at the time of writing after reaching an intraday high of 4.712%.

Source  Fxstreet1787152624
United Kingdom: Energy-driven upside risks – Societe Generale

Societe Generale’s Sam Cartwright notes United Kingdom (UK) headline inflation rose to 2.9% year-on-year in July, driven mainly by higher household energy bills.

Source  Fxstreet1787151908
Thai Baht: Higher commodities threaten Baht stability – Commerzbank

Commerzbank analysts note that the Bank of Thailand (BoT) is expected to keep its policy rate at 1.0%, seeing it as sufficiently accommodative. USD/THB has consolidated in a 32.90–33.30 range, with rising global commodity prices and foreign outflows posing downside risks for the Baht.

Source  Fxstreet1787151267
Bank of England: Rate hold baseline with conflict risks – Societe Generale

Sam Cartwright at Societe Generale argues recent easing in United Kingdom (UK) services inflation and labour market loosening support the Bank of England’s wait-and-see stance. The baseline view is Bank Rate stays at 3.75% through 2026 to restrain underlying inflation.

Source  Fxstreet1787149360
South Korean Won: Growth-driven recovery offers policy lesson – ING

Chris Turner at ING explains that Korea’s earlier massive portfolio outflows and a weaker Korean Won (KRW) pushed USD/KRW to 1560 in June, despite a large current account surplus.

Source  Fxstreet1787148493
Fed Minutes expected to shed light on the depth of FOMC hawkish split

The United States (US) Federal Reserve (Fed) will release the Minutes of the July Federal Open Market Committee (FOMC) meeting on Wednesday.

Source  Fxstreet1787148000
Chinese Yuan: Policy support eyed as growth slows – Commerzbank

Commerzbank’s Charlie Lay, Dr. Henry Hao and Moses Lim note that China’s July data showed weaker Industrial Production and Retail Sales, underscoring fading momentum at the start of Q3.

Source  Fxstreet1787147621
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