The United States (US) Bureau of Labor Statistics (BLS) is set to release the Nonfarm Payrolls (NFP) data for August on Friday at 12:30 GMT. 

Commerzbank’s Tatha Ghose highlights a sharp Forint rally after a Bloomberg report suggested the National Bank of Hungary may pause rate cuts on 22 September and consider lowering its inflation target. While unconfirmed, this aligns with the bank’s less dovish August message.

Deutsche Bank reports that US equities, led by the S&P 500, rallied as dovish remarks from Fed Governor Waller offset stronger US data. The S&P 500 logged its best day in nearly a month and moved close to record highs, supported by gains in the Magnificent 7 and easing energy prices.

Danske Research Team highlights that Fed Governor Waller is inclined to keep rates unchanged in September if August inflation shows further progress, but would consider a hike if inflation comes in hot.

The AUD/USD pair gathers strength to near 0.7210 during the early European session on Friday. The US Dollar (USD) weakens against the Australian Dollar (AUD) following Federal Reserve (Fed) Governor Christopher Waller’s remarks.

Sweden Current Account (QoQ): 126.2B (2Q) vs 93.9B

Germany Factory Orders n.s.a. (YoY): 13.1% (July) vs 6.5%

Germany Factory Orders s.a. (MoM) registered at 2.5% above expectations (0.3%) in July

USD/IDR gains ground after two days of losses, trading around 17,670 during the Asian hours on Friday. The currency pair is pushing higher as the US Dollar (USD) holds onto its recent gains after rebounding from intraday losses.

Gold prices fell in India on Friday, according to data compiled by FXStreet.

Japanese Finance Minister (FM) Satsuki Katayama said on Friday that the officials will closely monitoring bond markets with heightened urgency. 

Reserve Bank of New Zealand (RBNZ) Monetary Policy Committee member Carl Hansen said on Thursday that future monetary policy moves hinge on trends across broad economic data sets. 

Japan Overall Household Spending (YoY) below forecasts (-1.6%) in July: Actual (-3.6%)

South Korea Current Account Balance declined to 42.08B in July from previous 49.73B

Geoff Yu at BNY highlights CNY as the main outlier in the U.S. trade-weighted basket, showing behavior opposite to other key currencies. CNY failed to react positively to July–August Fed and Treasury decisions, with weak domestic growth reinforcing easing expectations.

The Bank of Mexico (Banxico) Deputy Governor Jonathan Heath said that the central bank can wait to reduce interest rates, signaling that further easing is possible but in about a year or more, as he qualified the current monetary policy stance as “appropriate.”

UOB economist Jester Koh highlights that Singapore’s electronics PMI rose in August, with broad-based gains in new export orders, output and backlogs.

Geoff Yu notes that Bank Negara Malaysia kept its policy rate at 2.75%, judging the stance consistent with price stability and sustainable growth. The bank sees Malaysia’s economy on track for around 5% growth this year, with low inflation and limited external cost pass-through.

Commerzbank’s Singapore-based team highlights robust Singapore manufacturing and electronics PMIs, supported by an AI-driven semiconductor cycle, alongside upgraded MAS Survey GDP and export forecasts.

United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann see USD/CNH confined to tight ranges in different time frames. For the next 24 hours, they expect the Dollar to trade between 6.7130 and 6.7230.

HSBC’s Willem Sels highlights that accelerating AI adoption, resilient growth and broadening earnings are supporting global equities into Q4 2026. The bank has recently added exposure to global stocks, favouring the US and Asia, while keeping sector diversification.

United States 4-Week Bill Auction up to 3.7% from previous 3.65%

Bank of England (BoE) Chief Economist Huw Pill reiterated his support for raising the Bank Rate to 4.00%, arguing that policymakers cannot wait for uncertainty surrounding the Middle East conflict and energy prices to resolve before acting.

TradingKey — Federal Reserve Governor Christopher Waller stated that although U.S. inflation remains noticeably above the Federal Open Market Committee's (FOMC) 2% target, recent data shows signs of c

ING economists Bert Colijn and Carsten Brzeski argue that the Eurozone’s long-standing export-led growth model is being structurally eroded by higher energy costs, rising Chinese competition and a changing global trade environment.

While speaking at the Reuters NEXT Newsmaker event in Washington, Federal Reserve Governor Christopher Waller said on Thursday that if August Consumer Price Index data confirms inflation pressures are cooling off, he is inclined to support holding the policy rate steady at the September policy meeti

TD Securities’ macro team, including Pooja Kumra, expects the ECB to raise the deposit rate by 25bp to 2.50% in September. They see limited forward guidance, with the Governing Council reiterating its data-dependent, meeting-by-meeting approach.

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 rose to 206K for the week ending August 29.

ING’s James Knightley argues Kevin Warsh’s Jackson Hole speech has shifted the Federal Reserve’s reaction function toward a September rate hike, even though ING’s macro projections suggest the Fed could wait.

According to the latest Reuters poll, the 65 economists surveyed have favored that the European Central Bank (ECB) will raise the deposit rate by 25 basis points (bps) to 2.50%.