News

Indonesian Rupiah: Oil gains and BI decision shape IDR – OCBC

OCBC’s Sim Moh Siong and Christopher Wong note that Indonesian Rupiah (IDR) weakness is driven by higher Oil prices and elevated global yields, even as domestic sentiment improves after President Prabowo’s speeches and the BI governor nomination.

Source  Fxstreet1787123071
Equities: Defensive rotation with higher yields – Danske Bank

Danske Research Team reports a marked drop in global equities, with the S&P 500 and Stoxx 600 down 0.7% on Tuesday. After a period of value-versus-growth rotation, flows shifted toward defensive sectors such as consumer staples and health care, funded by cyclicals.

Source  Fxstreet1787121961
Asia FX: Lower US yields offset Oil risk – MUFG

MUFG’s Lloyd Chan notes that the Korean Won (KRW) and Taiwan Dollar (TWD) are leading Asia FX gains as softer US yields and a resilient technology cycle support sentiment.

Source  Fxstreet1787121456
Indonesian Rupiah: BI seen hiking to anchor rupiah – UOB

UOB strategists highlight Bank Indonesia’s (BI) policy meeting, with consensus expecting no change but its macro team forecasting a 25 bps hike to 6.00%. They see risks around the Indian Rupee (IDR), divided views on Federal Reserve (Fed) policy and rising global inflation.

Source  Fxstreet1787119829

United Kingdom Retail Price Index (MoM) climbed from previous 0.3% to 0.6% in July

Source  Fxstreet1787119238

United Kingdom Producer Price Index - Output (MoM) n.s.a meets forecasts (0.2%) in July

Source  Fxstreet1787119238

United Kingdom PPI Core Output (YoY) n.s.a climbed from previous 2.6% to 2.8% in July

Source  Fxstreet1787119238

United Kingdom Retail Price Index (YoY) meets forecasts (3.2%) in July

Source  Fxstreet1787119212
Australian Dollar weakens despite RBA’s Hauser hawkish remarks

AUD/USD extends its losses for the second successive day, trading around 0.7080 during the Asian hours on Wednesday. Addressing the broader economic backdrop, Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser emphasized on Wednesday that inflation remains unacceptably high.

Source  Fxstreet1787110510
US President Trump: I have paused 50% tariffs against Canada

Following overnight negotiations with Canadian Prime Minister Mark Carney, US President Donald Trump announced on Wednesday, “I have paused 50% tariffs against Canada for a three-day period.”

Source  Fxstreet1787108307
RBA’s Hauser: Will have to raise rates again if inflation doesn’t come down

Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said during the Asian trading session on Wednesday that inflation is too high and the central bank needs to raise interest rates to bring price pressures down.

Source  Fxstreet1787107978

Japan Machinery Orders (YoY) registered at 16.9% above expectations (10.8%) in June

Source  Fxstreet1787097002

Japan Machinery Orders (MoM) above expectations (7.8%) in June: Actual (9.7%)

Source  Fxstreet1787097001
Trump, Carney hold last-minute talks ahead of new 50% tariffs on Canadian goods

US President Donald Trump and Canadian Prime Minister Mark Carney are negotiating in an effort to reach an agreement on tariffs, with just hours to go before the United States (US) imposes 50% tariffs on hockey sticks, wine and an array of other Canadian imports, CNBC reported on Tuesday. 

Source  Fxstreet1787096417

New Zealand Producer Price Index - Output (QoQ) above expectations (0.8%) in 2Q: Actual (1.6%)

Source  Fxstreet1787093105

New Zealand Producer Price Index - Input (QoQ) registered at 2.9% above expectations (1.3%) in 2Q

Source  Fxstreet1787093104
Chinese Yuan: Sideways range holds against US Dollar – UOB

United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann note that USD/CNH has been trading quietly, with intraday ranges clustered around current levels.

Source  Fxstreet1787086920
South Korean Won: Bearish Won view with 1,400 support – TD Securities

TD Securities turns bearish on the Korean Won, arguing USD/KRW is likely to find support around 1,400 as prior KRW strength fades.

Source  Fxstreet1787084688
Singapore Dollar: Upside risk stays in focus against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD rebounded after a sharper-than-expected drop to 1.2752, easing immediate downside pressure and pointing to intraday consolidation between 1.2760 and 1.2795.

Source  Fxstreet1787081748
Chinese Yuan: Gradual appreciation view – MUFG

MUFG analysts Lin Li and Khang Sek Lee note that July data point to weaker Chinese growth and a widening divergence between the "new" and "traditional" economy.

Source  Fxstreet1787079657
Singapore Dollar: Strong exports underpin SGD – Commerzbank

Commerzbank’s Singapore-focused FX research highlights robust non-oil domestic exports driven by electronics and AI-related demand, with NODX growth already above the government’s upgraded full-year forecast.

Source  Fxstreet1787078460
Economists agree: BoE will hold rates through year-end – Reuters poll

The Bank of England (BoE) will keep interest rates unchanged for the rest of the year, according to a Reuters poll conducted between August 13 and 18.

Source  Fxstreet1787076591
Indonesia Rupiah: Fiscal discipline supports stability – UOB

UOB economist Enrico Tanuwidjaja reviews Indonesia’s 2027 State Budget, highlighting a calibrated balance between growth and fiscal discipline that matters for the Rupiah and local bonds.

Source  Fxstreet1787075460

New Zealand GDT Price Index: 2.3% vs 0.1%

Source  Fxstreet1787069547
Euro fails to hold gains over the Pound ahead of UK inflation

EUR/GBP slips toward 0.8550 at the time of writing on Tuesday, with the Euro (EUR) unable to hold onto earlier gains against the Pound Sterling (GBP).

Source  Fxstreet1787069459

Colombia Gross Domestic Product (YoY) up to 3.5% in 2Q from previous 2.2%

Source  Fxstreet1787068792
British Pound: Soft UK jobs but supportive mix - BBH

Brown Brothers Harriman’s (BBH) Elias Haddad describes United Kingdom (UK) June labor data as soft, with unemployment stuck at 4.9% and private sector regular pay growth slowing to 2.8% year-on-year.

Source  Fxstreet1787063096

United States Pending Home Sales (YoY) fell from previous -0.3% to -2.2% in July

Source  Fxstreet1787061666

United States Pending Home Sales (MoM) came in at -2.3%, below expectations (0.3%) in July

Source  Fxstreet1787061600

United States Capacity Utilization meets forecasts (76.3%) in July

Source  Fxstreet1787058959
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