News

Malaysian Ringgit: Stable policy underpins growth narrative – BNY

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.

Source  Fxstreet1788468900
Singapore Dollar: Stronger Singapore growth with contained inflation – Commerzbank

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.

Source  Fxstreet1788464280
Chinese Yuan: Range trade persists against US Dollar – UOB

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.

Source  Fxstreet1788461520
Equities: AI-led upside and income focus – HSBC

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.

Source  Fxstreet1788457930

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

Source  Fxstreet1788451379
BoE’s Pill backs rate hike to 4% to limit inflation catch-up effects

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.

Source  Fxstreet1788450240
Fed Governor Waller: Cooling Inflation Still Doesn't Rule Out September Rate Hike

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

Source  Tradingkey1788449533
Eurozone: New growth paths after export peak – ING

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.

Source  Fxstreet1788446280
Fed's Waller: Inclined to support policy hold if August inflation data shows progress

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

Source  Fxstreet1788440034
European Central Bank: September hike with cautious path – TD Securities

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.

Source  Fxstreet1788439243
US Initial Jobless Claims increased to 206K last week

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.

Source  Fxstreet1788438807
Federal Reserve: September hike bias shifts – ING

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.

Source  Fxstreet1788434974
Economists agree: ECB to hike rates on September 10 – Reuters poll

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%.

Source  Fxstreet1788434933
Swiss Franc: Swiss data supports dip-buying case – Societe Generale

Societe Generale strategists note Swiss August Consumer Price Index (CPI) and second-quarter Gross Domestic Product (GDP) surprised to the upside, triggering profit-taking in EUR/CHF and USD/CHF but leaving Swiss National Bank (SNB) policy expectations unchanged.

Source  Fxstreet1788429937
Japan’s Mimura keeps threat of FX intervention alive

Japan’s top currency diplomat Atsushi Mimura reiterates on Thursday that authorities remain ready to act in the foreign exchange market, as Tokyo continues to closely monitor currency moves.

Source  Fxstreet1788427564
Polish Zloty: NBP language turns cautious after FX pressure – Commerzbank

Commerzbank’s Tatha Ghose notes that NBP Governor Adam Glapinski used G20 remarks to shift towards a more neutral, flexible stance, avoiding earlier dovish hints of imminent rate cuts. With August CPI surprising hawkishly and the Zloty underperforming CE3 peers, the bank is seen on the back foot.

Source  Fxstreet1788427099
ISM Services PMI Preview: US service sector expected to expand in August

On Thursday, we’ll get the latest read on the US service sector when the Institute for Supply Management (ISM) publishes its August gauge. Consensus points to a marginal improvement to 54.3 from July’s 54.1.

Source  Fxstreet1788426000
Japanese Yen: Intervention jitters linger – ING

Chris Turner at ING notes that a near 1% drop in USD/JPY within minutes, followed by another slide, sparked talk of renewed Japanese intervention after the Bank of Japan’s earlier $96 billion sales.

Source  Fxstreet1788425506
Oil: Rally pace moderates after Iran strikes – Commerzbank

Commerzbank analysts note that Brent extended its rally and closed above USD95, although gains moderated after President Trump suggested the renewed US bombing campaign against Iran could be short-lived.

Source  Fxstreet1788423582
British Pound gains capped as fiscal, geopolitical risks persist

GBP/USD gains after two days of losses, trading around 1.3500 during the European hours on Thursday. The currency pair experiences an upward push as a sharp rally in the Japanese Yen (JPY) weighed heavily on the US Dollar (USD).

Source  Fxstreet1788422360
BoJ mulls hiking interest rates to 1.25% in September meeting – Bloomberg

According to a report from Bloomberg, the Bank of Japan (BoJ) is leaning toward raising its benchmark interest rate by a quarter point in the two-day meeting ending on September 18 in response to upward price risks.

Source  Fxstreet1788422178
US Dollar: Upside risks persist – ING

ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note that a sharp USD/JPY move briefly weighed on the Dollar, but only Australian Dollar and Canadian Dollar held gains.

Source  Fxstreet1788420905
Equities: Stabilise with lower yields – Deutsche Bank

Deutsche Bank's Jim Reid notes that US equities stabilised after three consecutive declines, with the S&P 500 gaining 0.46% as strength in the Magnificent Seven, particularly Nvidia and Meta, supported the market.

Source  Fxstreet1788420099
Asian stock markets reflect mixed trend in countdown to US NFP data

Stock markets in the Asian region demonstrate a mixed performance as investors shift their focus to the United States (US) Nonfarm Payrolls (NFP) data for August, which will be released on Friday.

Source  Fxstreet1788417456
Indonesian Rupiah strengthens as US Dollar declines on potential Yen intervention

USD/IDR loses ground for the second successive day, trading around 17,730 during the Asian hours on Thursday. The currency pair experiences downward pressure as a sharp rally in the Japanese Yen (JPY) weighed heavily on the US Dollar (USD).

Source  Fxstreet1788412575
Australian Dollar weakens against Japanese Yen following China’s Services PMI data

AUD/JPY extends its losses for the fourth consecutive day, trading around 113.50 during the Asian hours on Thursday. The Australian Dollar (AUD) remains subdued following a wave of mixed economic data from Australia and China, putting downward pressure on the currency cross.

Source  Fxstreet1788402677
New Zealand rebounds above 0.5850 on stronger Chinese services PMI

The NZD/USD pair recovers some lost ground to near 0.5860, snapping the four-day losing streak during the early Asian session on Thursday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) following the upbeat Chinese economic data.

Source  Fxstreet1788401657
China’s RatingDog Services PMI jumps to 51.4 in August, vs. 50.6 expected 

China's Services Purchasing Managers' Index (PMI) climbed to 51.4 in August from 50.4 in July, the latest data published by RatingDog showed on Thursday. This figure came in stronger than the market expectations of 50.6. 

Source  Fxstreet1788399981
Australia’s Trade Balance shows a surplus of 1,923M MoM in July, vs. 1,390 expected

Australia's Trade Balance narrowed to A$1,923M MoM in July, followed a surplus of 1,929M in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday. The market consensus was for a surplus of A$1,390M. 

Source  Fxstreet1788399153
Euro steadies below 1.1600 as hawkish Fed rhetoric limits gains

The EUR/USD pair holds steady near 1.1590 during the early Asian session on Thursday. The potential upside for the major pair might be limited amid hawkish Federal Reserve (Fed) expectations and escalating conflict in the Middle East.

Source  Fxstreet1788396672
goTop
quote