News

Indonesian Rupiah declines as fuel shortages amplify concerns over fiscal strain

USD/IDR halts its four-day losing streak, trading around 18,020 during the Asian hours on Monday. The pair appreciates as the Indonesian Rupiah (IDR) faces headwinds from rising crude oil prices.

Source  Fxstreet1784522694
Australian Dollar gains ground against Japanese Yen, intervention risk looms

The AUD/JPY cross gains ground to near 113.55 during the early European session on Monday. The Australian Dollar (AUD) edges higher against the Japanese Yen (JPY) due to the interest rate differential between the Reserve Bank of Australia (RBA) and the Bank of Japan (BoJ).

Source  Fxstreet1784520996
US President Donald Trump says US hitting Iran 'very hard’

US President Donald Trump said that the latest US strikes on Iran were being carried out in honour of US service members killed in recent days, the Guardian reported on Monday. 

Source  Fxstreet1784511463
PBOC holds Loan Prime Rates steady in July

The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Monday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively. 

Source  Fxstreet1784510147

China PBoC Interest Rate Decision meets expectations (3%)

Source  Fxstreet1784509248

United Kingdom Rightmove House Price Index (YoY) rose from previous -0.5% to -0.4% in July

Source  Fxstreet1784502313

United Kingdom Rightmove House Price Index (MoM) declined to -1% in July from previous -0.6%

Source  Fxstreet1784502280

New Zealand Trade Balance NZD (MoM) declined to $23M in June from previous $800M

Source  Fxstreet1784502264

New Zealand Trade Balance NZD (YoY): $-3.74B (June) vs previous $-3.36B

Source  Fxstreet1784502245

New Zealand Imports fell from previous $8.08B to $8.07B in June

Source  Fxstreet1784501443

New Zealand Exports: $8.09B (June) vs previous $8.88B

Source  Fxstreet1784501418
US launches airstrikes to ‘swiftly punish’ Iran for deaths of US troops

The United States (US) said airstrikes on Sunday aimed to "punish" Iran over the first US military deaths since renewed hostilities with the Islamic republic, Bloomberg reported.

Source  Fxstreet1784500447
Chinese Yuan: Consolidation holds upside bias against US Dollar – UOB

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CNH is currently consolidating in a narrow range around 6.77. In their 1–3 week view, they maintain a downside bias toward 6.7600 as long as strong resistance at 6.7820 remains intact.

Source  Fxstreet1784326920
South Korea: Faster hiking path – DBS

DBS Group Research economist Ma Tieying analyzes the latest Bank of Korea (BoK) decision, noting a hawkish shift as the base rate is raised to 2.75%. The report now anticipates a faster tightening cycle, with the policy rate reaching 3.25% by year-end 2026.

Source  Fxstreet1784324460
China: Stagnation to persist as growth model shifts – Commerzbank

Commerzbank’s Dr. Henry Hao argues China’s housing market remains in structural stagnation five years after the Evergrande crisis. National prices follow an L-shaped path, with a K-shaped divergence between Tier-1 and lower-tier cities.

Source  Fxstreet1784321880

Australia CFTC AUD NC Net Positions down to $-30.7K from previous $-24.7K

Source  Fxstreet1784317651

Japan CFTC JPY NC Net Positions increased to ¥-122.7K from previous ¥-123.8K

Source  Fxstreet1784317645

United States CFTC Oil NC Net Positions fell from previous 75.7K to 62.7K

Source  Fxstreet1784317641

United Kingdom CFTC GBP NC Net Positions up to £-71.3K from previous £-87.9K

Source  Fxstreet1784317635

United States CFTC Gold NC Net Positions fell from previous $194.2K to $186.7K

Source  Fxstreet1784317629

Eurozone CFTC EUR NC Net Positions climbed from previous €-16.2K to €-12.6K

Source  Fxstreet1784317623

United States CFTC S&P 500 NC Net Positions: $-38.9K vs $-42.9K

Source  Fxstreet1784317620
Singapore Dollar: Range trade holds near recent lows against US Dollar – UOB

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note USD/SGD has stabilised after an earlier sell-off, with spot around 1.2905 and intraday price action expected to stay confined between nearby support and resistance.

Source  Fxstreet1784317244
Canada: Inflation divergence shapes BoC outlook – RBC

Royal Bank of Canada (RBC) economists Nathan Janzen and Abbey Xu expect Canada’s June Consumer Price Index to show headline inflation easing to 2.8% year-over-year from 3.2% in May, mainly on lower energy prices.

Source  Fxstreet1784302080
Global FX: Divergent central bank paths and Oil – Wells Fargo

Wells Fargo Economics has raised its global Gross Domestic Product (GDP) forecast to 2.7% for 2026 and trimmed global Consumer Price Index (CPI) to 4.3%, reflecting a slightly lower Oil price path.

Source  Fxstreet1784299771
Fed’s Hammack: Persistently high inflation is the bigger concern

Federal Reserve (Fed) Bank of Cleveland President Beth Hammack said in a LinkedIn post on Friday that inflation pressure remains broad-based, with businesses calling for policy action and consumers expressing a growing sense of despair as they struggle to cover their expenses.

Source  Fxstreet1784299535
Canada: Energy-led CPI pullback supports BoC – TD Securities

TD Securities’ Robert Both expects Canadian headline CPI to ease to 2.9% year-on-year in June, with a 0.2% monthly decline driven by sharply lower Energy prices.

Source  Fxstreet1784298775

United States Michigan Consumer Expectations Index: 54 (July) vs 50.7

Source  Fxstreet1784296834

United States UoM 1-year Consumer Inflation Expectations: 4.2% (July) vs previous 4.6%

Source  Fxstreet1784296828

United States UoM 5-year Consumer Inflation Expectation: 3.3% (July)

Source  Fxstreet1784296812
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