News

India: Semiconductor push and INR funding dynamics – Commerzbank

Commerzbank’s economists highlight India’s new USD13.3bn India Semiconductor Mission 2.0, aimed at building a full-stack semiconductor ecosystem, though they judge near-term growth impact as limited.

Source  Fxstreet1784184278

United Kingdom Total Trade Balance increased to £-1.044B in May from previous £-8.435B

Source  Fxstreet1784181953

United Kingdom Index of Services (3M/3M) above forecasts (0.6%) in May: Actual (0.7%)

Source  Fxstreet1784181718
United Kingdom GDP grows by 0.1% MoM in May, as expected

The UK Gross Domestic Product (GDP) grew by 0.1% MoM in May, following a 0.1% decline reported in April, the latest data published by the Office for National Statistics (ONS) showed on Thursday.

Source  Fxstreet1784181661

United Kingdom Trade Balance; non-EU up to £-7.14B in May from previous £-13.048B

Source  Fxstreet1784181609

United Kingdom Goods Trade Balance came in at £-18.66B, above expectations (£-23.6B) in May

Source  Fxstreet1784181609

United Kingdom Manufacturing Production (YoY) above forecasts (1.9%) in May: Actual (2.3%)

Source  Fxstreet1784181605

United Kingdom Industrial Production (MoM) below forecasts (-0.1%) in May: Actual (-0.5%)

Source  Fxstreet1784181605

United Kingdom Manufacturing Production (MoM) came in at 0.1%, above forecasts (-0.2%) in May

Source  Fxstreet1784181603

United Kingdom Industrial Production (YoY) below forecasts (1.2%) in May: Actual (1%)

Source  Fxstreet1784181603

United Kingdom Gross Domestic Product (MoM) meets forecasts (0.1%) in May

Source  Fxstreet1784181602
Asian stocks lean lower due to tech sell-off, rising US-Iran tensions

Asian stocks face downward pressure on Thursday, delivering mixed results as a renewed sell-off in semiconductor shares dragged down the tech sector. The retreat stems from persistent investor skepticism over whether the artificial intelligence rally can sustain its current valuations.

Source  Fxstreet1784179107

Netherlands, The Unemployment Rate s.a (3M) dipped from previous 3.9% to 3.8% in June

Source  Fxstreet1784176201
Indonesian Rupiah weakens as higher oil import costs stretch the trade balance

USD/IDR gains ground after two days of losses, trading around 18,100 during the Asian hours on Thursday. The pair holds ground as the Indonesian Rupiah (IDR) faces downward pressure as surging oil import costs stretch the nation's trade balance and stoke inflation.

Source  Fxstreet1784175738
Senior BOJ official: Delay in adjustment amid high inflation risk could trigger economic downturn

Senior officials from the Bank of Japan (BoJ) said on Thursday that a delay in stimulus adjustment amid high inflation risk could trigger an economic downturn. 

Source  Fxstreet1784172653

South Korea Money Supply Growth up to 9.2% in May from previous 8.1%

Source  Fxstreet1784170792
Japan’s Katayama: Ready to take appropriate action on currency anytime as needed

Japan’s Finance Minister Satsuki Katayama said on Thursday that the authorities are ready to take appropriate action on currency anytime as needed.

Source  Fxstreet1784167246

Australia Consumer Inflation Expectations down to 4.7% in July from previous 5.5%

Source  Fxstreet1784163687
Chinese Yuan: Upside bias against US Dollar – UOB

United Overseas Bank’s Quek Ser Leang and Lee Sue Ann highlight a sharp USD/CNH drop to 6.7691, shifting the short-term bias to the downside. They see scope for further weakness, though the 6.7600 support is unlikely to be reached immediately.

Source  Fxstreet1784159940

Japan Foreign Investment in Japan Stocks climbed from previous ¥-22.2B to ¥745.6B in July 10

Source  Fxstreet1784159404
Singapore Dollar: Range trading persists with strong performance against US Dollar – Commerzbank

Commerzbank’s Moses Lim highlights that USD/SGD fell 0.3% to 1.2910 on Dollar weakness, with the pair consolidating in a 1.29–1.30 range since mid-June. Singapore’s strong growth backdrop and benign inflation support the Singapore Dollar, which is the third-strongest Asian currency this year.

Source  Fxstreet1784158680
China: Growth slows as policy support eyed – ING

ING’s Chief Economist for Greater China, Lynn Song, notes that China’s second-quarter GDP growth slowed to 4.3% year-on-year from 5.0% in the first quarter, the weakest pace since late 2022.

Source  Fxstreet1784157120
South Korean Won: Watching 200dma and BoK – Societe Generale

Societe Generale analysts highlight USD/KRW’s failure at the June peak near 1,561 and subsequent decline toward the 2024–2025 highs, with the 200-day moving average around 1,475 as key support.

Source  Fxstreet1784155620
Indonesia: Post-S&P optimism faces weak risk uptake – DBS

DBS Group Research economist Radhika Rao notes that S&P Global Ratings has retained Indonesia’s sovereign rating and stable outlook, citing fiscal discipline and expectations of rationalized flagship spending and improved revenues.

Source  Fxstreet1784152980
China: production-led growth with weak demand – BNY

BNY’s Geoff Yu notes that China’s H1 data show resilient industrial and high‑tech production but weak domestic demand, with retail sales and property investment under pressure.

Source  Fxstreet1784150520
Thai Baht: Limited gains as Oil stays elevated – OCBC

OCBC’s Sim Moh Siong and Christopher Wong note that USD/THB fell after the post-US Consumer Price Index (CPI) decline in US Dollar (USD) but quickly retraced, signalling limited follow-through in Thai Baht gains.

Source  Fxstreet1784147940
Singapore Dollar: Consolidation bias holds within tight band against US Dollar – UOB

United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note USD/SGD reversed its New York-session plunge after softer United States (US) Consumer Price Index (CPI), closing near 1.2910.

Source  Fxstreet1784145480
China: Q2 growth slowdown raises policy pressure – Commerzbank

Commerzbank’s Dr. Henry Hao notes that China’s Q2 2026 GDP growth slowed to 4.3% year-on-year, below Beijing’s 4.5%-5% target and consensus expectations. Fixed-asset investment contracted sharply, while June industrial output and retail sales surprised on the upside.

Source  Fxstreet1784143320
Fed Beige Book: 11 Districts Economy Expanded Modestly: Tariffs and Geopolitical Conflicts Push Up Supply Chain Costs, Consumption Downgrading Sweeps Multiple Districts

TradingKey - The latest Federal Reserve Beige Book shows that the US economy continued to expand at a "slight to moderate" pace from late May to June, with 11 out of 12 districts reporting growth, and

Source  Tradingkey1784140264
Fed Chair Warsh: Inflation will not be permanent

Federal Reserve (Fed) Chair Kevin Warsh said on Wednesday that current inflation pressure will not be permanent, while acknowledging that the latest inflation measures remain unsatisfactory.

Source  Fxstreet1784129988
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