News

Banxico Survey: Private economists see lower inflation in Mexico

On Wednesday, the Bank of Mexico (Banxico) revealed that private analysts reduced their inflation expectations for the end of 2026, and updated estimates for economic growth, the exchange rate and the level of the interbank lending rate.

Source  Fxstreet1782936642
South Korean Won: Rangebound against US Dollar – Societe Generale

Societe Generale analysts observe that USD/KRW stalled after meeting interim resistance around 1561 in June and now looks set to trade within a range. They see limited evidence of a large decline, with 1530 as initial support on pullbacks.

Source  Fxstreet1782936540
BoC’s Macklem: Inflation is clearly above target

Speaking at a policy panel at the European Central Bank’s (ECB) Forum on Central Banking on Wednesday, Bank of Canada (BoC) Governor Tiff Macklem said that Canada’s economy remains soft, while inflation is still running clearly above target.

Source  Fxstreet1782935951
Thailand: Stable conditions support Thai Baht – Commerzbank

Commerzbank’s Thailand update says May data show broadly stable economic conditions, with exports still supported by global electronics demand but facing risks from US trade policy and regional manufacturing weakness.

Source  Fxstreet1782933720
China: PMIs temper easing expectations – MUFG

Michael Wan at MUFG reports that China’s manufacturing and non-manufacturing PMI data surprised on the upside, easing fears of imminent policy easing.

Source  Fxstreet1782931680
Singapore Dollar: Range-bound trade signals consolidation against US Dollar – UOB

UOB’s Quek Ser Leang notes USD/SGD is consolidating after Monday’s dip, with intraday momentum flat and the pair expected to hold a narrow 1.2925–1.2955 band. On a 1–3 week horizon, the bank keeps a neutral stance, projecting a broader 1.2870–1.2970 range.

Source  Fxstreet1782930195
Kevin Warsh offers no policy clues: Why markets still got their answer

Financial markets came to Sintra looking for clues about the Federal Reserve's (Fed) next move. They largely left with confirmation that Fed Chair Kevin Warsh intends to make those clues much harder to find.

Source  Fxstreet1782923214

Russia Unemployment Rate down to 2.1% in May from previous 2.2%

Source  Fxstreet1782921667
Warsh stays on message as inflation remains the Fed's top priority

At the ECB Forum in Sintra, Fed Chair Kevin Warsh largely followed the script, offering little to change the market’s current view on monetary policy.

Source  Fxstreet1782919564
Colombia: Hawkish BanRep tightening bias – Societe Generale

Societe Generale’s Dev Ashish notes that Banco de la República delivered a larger-than-expected 75bp hike to 12%, reinforcing a restrictive stance as inflation and expectations stay well above target.

Source  Fxstreet1782918215
India: Nowcast points to slower expansion – DBS

DBS' Senior Economist Radhika Rao with data support from Daisy Sharma, highlights that India’s real Gross Domestic Product (GDP) grew 7.8% year-on-year in 1Q26, slightly below the revised 8.0% in 3QFY26.

Source  Fxstreet1782917572
Canada: Solid Q2 rebound supports cautious outlook – NBC

National Bank of Canada's (NBC) Kyle Dahms notes that the Canadian economy began Q2 on a stronger-than-expected footing, with real Gross Domestic Product (GDP) boosted by energy, manufacturing and construction.

Source  Fxstreet1782916938
United Kingdom: Balanced inflation and politics risk – HSBC

HSBC’s Willem Sels and Lucia Ku note that UK inflation remains above target but see risks as more balanced after the US-Iran interim peace agreement.

Source  Fxstreet1782916312
Eurozone: Price pressures keep ECB on alert – Commerzbank

Commerzbank’s Dr. Ralph Solveen notes that Eurozone inflation fell to 2.8% in June, mainly on lower energy prices, while core inflation eased to 2.4%. The bank expects overall inflation to stay close to 3% in coming months.

Source  Fxstreet1782915588

United States ISM Manufacturing New Orders Index fell from previous 56.8 to 56 in June

Source  Fxstreet1782914403

United States ISM Manufacturing Prices Paid came in at 73, below expectations (79) in June

Source  Fxstreet1782914403

United States Construction Spending (MoM) below expectations (0.2%) in May: Actual (0.1%)

Source  Fxstreet1782914403

United States ISM Manufacturing PMI came in at 53.3 below forecasts (54) in June

Source  Fxstreet1782914403

United States ISM Manufacturing Employment Index: 49.7 (June) vs 48.6

Source  Fxstreet1782914401

United States S&P Global Manufacturing PMI below forecasts (55.7) in June: Actual (53.9)

Source  Fxstreet1782913503
Lagarde speech: Risks are more broadly balanced than a few weeks ago

European Central Bank (ECB) President Christine Lagarde speaks at a policy panel at the ECB Forum on Central Banking 2026.

Source  Fxstreet1782912566
European Central Bank: July risks reduced on softer data – Nordea

Nordea’s analysts argue that softer June inflation data should significantly lower the risk of another European Central Bank (ECB) rate hike in July.

Source  Fxstreet1782912117

South Africa Total New Vehicle Sales: 54482 (June) vs 51071

Source  Fxstreet1782911836
BoE's Bailey: Rate cuts off the table at the moment

While speaking at a policy panel at the European Central Bank's (ECB) Forum on Central Banking, Bank of Governor (BoE) Andrew Bailey acknowledged that they have a softening economy and labour market.

Source  Fxstreet1782911778
Breaking: Fed Chair Warsh reiterates he is not going to give forward guidance

Federal Reserve (Fed) Chairman Kevin Warsh reiterated that he will not be giving forward guidance on policy, while participating at a panel at the ECB Forum on Central Banking 2026.

Source  Fxstreet1782911456

Brazil S&P Global Manufacturing PMI: 50.8 (June) vs 49.1

Source  Fxstreet1782910801
US equities: AI-led earnings support – HSBC

HSBC analysts Willem Sels and Lucia Ku argue that concerns over mega IPOs and stretched valuations in US equities are offset by solid earnings growth across most S&P 500 sectors, driven by AI-related demand.

Source  Fxstreet1782909784
Euro: ECB rhetoric and Warsh risk guide downside – ING

Chris Turner at ING argues the ECB is unlikely to drop its tightening rhetoric yet, even if a second September hike might be a mistake.

Source  Fxstreet1782909036
United States private sector employment rises 98K in June vs. 113K expected

Private sector employment in the United States grew by 98K in June, the Automatic Data Processing (ADP) reported on Wednesday. This print followed the 122K increase recorded in May and came in below the market expectation of 113K.

Source  Fxstreet1782908510

United States ADP Employment Change below forecasts (113K) in June: Actual (98K)

Source  Fxstreet1782908101
goTop
quote