News

Singapore Dollar: Range-bound consolidation outlook against US Dollar – Commerzbank

Commerzbank’s Charlie Lay and Dr. Henry Hao note that USD/SGD has eased from 1.2800 to around 1.2700 as the softer US Dollar (USD) and global risk sentiment dominate.

Source  Fxstreet1787690400
US Treasury yields fall as Hormuz progress eases inflation fears

US yields edge lower across the whole curve on Tuesday, following suit.

Source  Fxstreet1787687646
Chinese Yuan: Trade risks limit gains against US Dollar – OCBC

OCBC’s Sim Moh Siong and Christopher Wong note that reports of potential US tariffs on Chinese goods and the PBoC’s resistance to rapid Renminbi (RMB) gains are likely to limit further downside in USD/CNH.

Source  Fxstreet1787685780
Singapore Dollar: Upside momentum eases against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD remains under mild downward pressure but short-term momentum is flat, keeping the pair in a tight intraday band around 1.2700.

Source  Fxstreet1787683151

United States 2-Year Note Auction dipped from previous 4.315% to 4.204%

Source  Fxstreet1787678228
Germany: Political risks cloud reform outlook – ING

ING’s Carsten Brzeski highlights how upcoming state elections in Saxony-Anhalt, Mecklenburg-Vorpommern and Berlin could reshape German politics and indirectly affect the economy.

Source  Fxstreet1787677620
Mexico: Alignment for certainty in USMCA – Societe Generale

Societe Generale’s Dev Ashish argues that Mexico could benefit from tensions between the US and Canada, but warns that uncertainty around USMCA may limit the upside.

Source  Fxstreet1787676480
United Kingdom: Resilient growth versus fiscal strain – Rabobank

Rabobank's Senior FX Strategist Jane Foley highlights that recent UK data, including Q2 Gross Domestic Product (GDP), real output per head and the August composite Purchasing Managers' Index (PMI), point to resilient growth and improved consumer confidence.

Source  Fxstreet1787675640
Germany: Business climate brightens – Commerzbank

Commerzbank’s Dr. Ralph Solveen notes that the German Ifo Business Climate Index rose from 86.7 to 88.8 in August, with both current conditions and expectations improving. He highlights stronger foreign demand, rising government spending and better sentiment as factors supporting growth.

Source  Fxstreet1787674702
Eurozone: AfD surge raises policy uncertainty – ING

Carsten Brzeski of ING underscores that the AfD’s rise to Germany’s largest party in polls introduces significant uncertainty for Eurozone policy.

Source  Fxstreet1787671327
British Pound: Range-bound against US Dollar ahead of Budget – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret highlight GBP/USD consolidating in a tight mid-1.36 range as a quiet data and Bank of England (BoE) calendar contrasts with softer yield spreads, which have eroded some fundamental support.

Source  Fxstreet1787670499
US President Trump: US Navy has cleared Strait of Hormuz mines

United States (US) President Donald Trump said the US Navy has cleared the Strait of Hormuz of mines, removing one of the supply risks that has kept the Oil market on edge.

Source  Fxstreet1787670418
Canada: Investment risk and USMCA reliability – Societe Generale

Dev Ashish at Societe Generale highlights that the Trump administration’s threatened 50% tariff on Canadian vehicles and parts signals a broader push to redirect manufacturing investment to the US, challenging USMCA reliability.

Source  Fxstreet1787669949
US CB Consumer Confidence Index eases to 89.4 in August

US consumer sentiment loses some momentum in August, as the Conference Board’s Consumer Confidence Index recedes to 89.4 from July’s 90.2 (revised from 90.8).

Source  Fxstreet1787666806

United States New Home Sales (MoM) came in at 0.607M, below expectations (0.62M) in July

Source  Fxstreet1787666439

United States Richmond Fed Manufacturing Index below forecasts (7) in August: Actual (4)

Source  Fxstreet1787666424
Australian Dollar: RBA risks and carry support – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad notes the Australian Dollar (AUD) largely ignored the Reserve Bank of Australia's (RBA) August Minutes, which reiterated Governor Michele Bullock’s warning that another rate hike is quite possible.

Source  Fxstreet1787661293
US ADP Employment Change 4-week average increases to 11.750K

Private-sector hiring in the US has gained some pace in early August. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 11.750K jobs per week in the four weeks ending August 8.

Source  Fxstreet1787660470
Hungarian Forint: Holding firm against Euro below key resistance - Societe Generale

Societe Generale strategists expect Hungary's central bank, Magyar Nemzeti Bank (MNB), to cut rates by 25 bp to 5.50% today, with dovish July minutes and softer-than-expected inflation leaving room for further easing.

Source  Fxstreet1787651287
Canadian Dollar: Tariff risks cloud outlook – Commerzbank

Michael Pfister at Commerzbank assesses the potential impact of higher US auto tariffs on Canada and the Canadian Dollar.

Source  Fxstreet1787650265
Australian Dollar: CPI keeps RBA on hold bias – ING

ING’s Francesco Pesole expects Australia’s July inflation data to show further moderation, consistent with no additional Reserve Bank of Australia hikes this year. He argues Governor Bullock is likely to stay hawkish, and even a small inflation surprise could lift AUD.

Source  Fxstreet1787647702
Hungarian Forint: MNB tone shift watched – Commerzbank

Commerzbank’s Tatha Ghose expects Hungary's central bank, Magyar Nemzeti Bank (MNB), to cut its base rate by 25bp to 5.50%, but stresses that guidance will matter more for the Forint. While headline inflation has surprised on the downside, core and services pressures and energy risks persist.

Source  Fxstreet1787647083
Germany’s IFO Business Climate Index improves again, arriving at 88.8 vs. 87.2 estimates

The German IFO Institute Business Climate Index improves again. The sentiment data arrives higher at 88.8 in August from 86.6 in July. The data also beats estimates of 87.2.

Source  Fxstreet1787644968
China says its cooperation with Iran should not be disrupted - Reuters

In a Reuters report on Tuesday, a Chinese Foreign Ministry spokesperson, Lin Jian, said that its cooperation with Iran is conducted within the framework of international law and should not be interfered with or disrupted when asked about new United States (US) sanctions related to Iran.

Source  Fxstreet1787643161
Swiss Franc: Export strains with strong CHF – Commerzbank

Commerzbank’s Michael Pfister analyses how the strong Swiss Franc (CHF) and an undervalued Chinese Yuan (CNY) are weighing on Switzerland’s export competitiveness.

Source  Fxstreet1787641807
Equities: Semiconductor selloff pressures Wall Street - Deutsche Bank

Deutsche Bank strategists describe a cautious session for United States (US) equities, with the S&P 500 slipping as AI‑chip names sold off ahead of Nvidia’s earnings. While the equal‑weighted S&P approached record highs, headline indices were dragged lower by semiconductor weakness.

Source  Fxstreet1787639936

Germany Gross Domestic Product (YoY) above expectations (0.9%) in 2Q: Actual (1%)

Source  Fxstreet1787637693

Germany Gross Domestic Product w.d.a (YoY) rose from previous 0.9% to 1% in 2Q

Source  Fxstreet1787637690

Germany Gross Domestic Product (QoQ) came in at 0.3%, above expectations (0.2%) in 2Q

Source  Fxstreet1787637655
Indian Rupee ticks up against US Dollar on RBI’s likely intervention

The Indian Rupee (INR) trades marginally higher against the US Dollar (USD) in the opening session on Tuesday.

Source  Fxstreet1787636259
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