News

Philippines: BSP policy outlook shifts – Standard Chartered

Standard Chartered’s Jonathan Koh and Edward Lee now expect Bangko Sentral ng Pilipinas (BSP) to keep its policy rate unchanged at the 27 August meeting, abandoning a previously projected hike.

Source  Fxstreet1786131720
US Treasury yields drop on soft NFP, Hormuz hopes ease Fed risks

US Treasury yields drop across the curve amid growing speculation that the Oman-Iran deal is about to be sealed, which has so far pushed energy prices lower, while investors also digest a “bad” Nonfarm Payrolls report in the US.

Source  Fxstreet1786130670
Indonesian Rupiah: Supportive domestic backdrop, capped gains – Commerzbank

Commerzbank’s FX analysts, including Charlie Lay and Moses Lim, note that USD/IDR slipped slightly but stayed below the key 18,000 level as softer global Oil prices and stronger Indonesia Q2 GDP supported the Rupiah.

Source  Fxstreet1786129620
Singapore Dollar: Upside risk capped by 1.2790 against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/SGD has firmed modestly, with the pair closing at 1.2835 after testing both 1.2800 and 1.2840. Short-term momentum now favors a mild upside, though strong resistance at 1.2850 is expected to cap gains.

Source  Fxstreet1786127520
Trump Restarts Process to Remove Fed Governor Cook Over Mortgage Fraud as Central Bank Independence Clash Escalates Again

TradingKey - According to media reports, sources said the Trump administration has taken its personnel pressure on the Federal Reserve a step further by formally launching removal proceedings against

Source  Tradingkey1786126721
Indonesia: Modest growth outlook – Standard Chartered

Standard Chartered’s Aldian Taloputra notes Indonesia’s Q2 GDP grew 5.3% year-on-year, slowing from 5.6% but beating consensus. Stronger-than-expected H1 data leads the bank to raise its 2026 GDP forecast to 5.3%.

Source  Fxstreet1786123989
Canada: Gradual improvement with tariff risks – RBC

Royal Bank of Canada’s (RBC) Nathan Janzen reports that Canada’s labour market strengthened in July, with a 75k employment gain following robust increases in May and June and a decline in the unemployment rate to 6.4%.

Source  Fxstreet1786118040
NY Fed inflation expectations ease modestly in the short term

The New York Fed Survey of Consumer Expectations shows that households’ inflation expectations decreased slightly over the short-term horizon and remained unchanged at the medium and longer-term horizons. One-year inflation expectations eased from 3.7% in June to 3.6% in July

Source  Fxstreet1786116856
Federal Reserve: Fed focus shifts to jobs – ABN AMRO

ABN AMRO’s Chief Economist Nick Kounis highlights renewed US labour market weakness, with Nonfarm Payrolls falling and household employment data softening. He notes the unemployment rate declined as labour force participation dropped to multi-decade lows, signalling cyclical weakness.

Source  Fxstreet1786115741
Canada: Labour market resilience supports cautious Bank of Canada – NBC

National Bank of Canada (NBC) economists Matthieu Arseneau and Alexandra Ducharme highlight robust Canadian labour data for July, with 75.1K jobs added, a lower unemployment rate and stronger private-sector hiring.

Source  Fxstreet1786115227
Brent: Volatile path as Hormuz risk lingers – Commerzbank

Commerzbank’s Carsten Fritsch sees continued volatility in Brent as Strait of Hormuz negotiations remain unresolved and inventories tighten.

Source  Fxstreet1786114211
Fed's Barkin: Jobs data is more low hire, low fire

Thomas Barkin, President of the Federal Reserve (Fed) Bank of Richmond, participated in an online event hosted by the National Association for Business Economics on Friday.

Source  Fxstreet1786113062
Canadian Dollar: Labour strength and BoC stance – TD Securities

TD Securities economists Robert Both and Emma Lawrence highlight a strong Canadian labour market, with July employment up 75k and unemployment at 6.4%.

Source  Fxstreet1786112243
Mexico: Banxico extended hold stance – Societe Generale

Societe Generale’s Dev Ashish reports that Banxico left its policy rate at 6.50%, signalling an extended pause as inflation hovers near target and real rates sit close to neutral.

Source  Fxstreet1786111735
Silver: Solar demand headwinds emerge – Commerzbank

Commerzbank’s Carsten Fritsch notes that the Silver price has surged over 10% this week to USD 63.9 per troy ounce, its highest level since late June, pulling the gold/silver ratio back below 70.

Source  Fxstreet1786110498
US July Nonfarm Payrolls Unexpectedly Fall by 23,000 as Cooling Labor Market Bolsters Fed Rate Cut Expectations

TradingKey - The latest data released by the U.S. Department of Labor shows that U.S. nonfarm payrolls decreased by 23,000 in July, ending the previous trend of continuous growth and indicating that t

Source  Tradingkey1786107324
Equities: AI profitability doubts grow – Nordea

Nordea analysts Kirsti Sunde Midttun and Ole Håkon Eek-Nielsen argue that AI profitability faces structural pressure from high inference costs, rapid model depreciation and growing competition from free and open alternatives.

Source  Fxstreet1786107286
Canada's Unemployment Rate drops to 6.4% in July

Statistics Canada reported on Friday that the Unemployment Rate decreased to 6.4% in July, below what markets were expecting.

Source  Fxstreet1786106328
India: Inflation steady, trade deficit persists – DBS

DBS Group Research’s Econs team expects India’s July inflation to remain steady at 4.4% year-on-year, with core readings staying below 4% thanks to softer precious metals. Food staples show mixed trends, while fuel price adjustments may lift utilities and fuel components.

Source  Fxstreet1786105584
US Dollar: Fed tightening risks keep outlook bullish – OCBC

OCBC’s Sim Moh Siong and Christopher Wong highlight renewed Dollar support from higher Oil prices, rising US yields and resilient US labour data as markets reassess Federal Reserve tightening risks.

Source  Fxstreet1786103423
US President Trump: Warsh is great and I won’t criticize him

United States (US) President Donald Trump said in an interview with Punchbowl, released during the European trading session on Friday, that a potential interest rate hike by the Federal Reserve (Fed) is not completely on Chairman Kevin Warsh, but on the entire board.

Source  Fxstreet1786098033
Canadian Dollar: Labour resilience favours CAD against US Dollar – TD Securities

TD Securities strategists expect Canada’s July Jobs Report to confirm ongoing labour market strength, with employment rising another 20k, matching consensus and extending the recovery of 2026 job losses.

Source  Fxstreet1786096764
Polish Zloty: Near-term EUR/PLN forecast raised to 4.30 – Commerzbank

Commerzbank’s Tatha Ghose raises the near-term EUR/PLN forecast from 4.20 to 4.30, citing recent global risk-off moves and uncertainty surrounding the oil price shock.

Source  Fxstreet1786096231
US Dollar: Labour market still solid – Danske Bank

Danske Research Team expects United States (US) Nonfarm Payrolls (NFP) to rise by 70k in July, with the unemployment rate steady at 4.2% and average hourly earnings up 0.3% m/m.

Source  Fxstreet1786094969
Swiss Franc: Funding currency weakness extends – OCBC

OCBC’s Sim Moh Siong and Christopher Wong note the Swiss Franc (CHF) remains under pressure as carry trade funding demand grows and recent Japanese Yen (JPY) intervention reinforces CHF’s role as a preferred funding currency.

Source  Fxstreet1786094463

Singapore Foreign Reserves (MoM) up to 427.9B in July from previous 426.2B

Source  Fxstreet1786093242

Greece Consumer Price Index (YoY) down to 3.4% in July from previous 4.4%

Source  Fxstreet1786093192

Greece Consumer Price Index - Harmonized (YoY) declined to 2.7% in July from previous 3.9%

Source  Fxstreet1786093191
US Nonfarm Payrolls expected to rise by 80K in July

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

Source  Fxstreet1786091400
Czech Koruna: CZK softens against Euro as CNB waits – Commerzbank

Commerzbank’s Tatha Ghose reports that the Czech National Bank (CNB) kept its policy rate at 3.75% and returned to a wait-and-see stance after June’s 25bp hike, despite still citing upside inflation risks.

Source  Fxstreet1786091021
goTop
quote