Asian stocks mostly remain stronger, bolstered by softer US inflation data that reinforced expectations for a more accommodative Federal Reserve (Fed) policy. US headline CPI rose 3.4% year-over-year in July, down slightly from 3.5% in the previous month.

New Zealand's (NZ) inflation expectations ease on a two-year frame in the third quarter of 2026, the Reserve Bank of New Zealand’s (RBNZ) latest monetary conditions survey showed on Wednesday.

The GBP/USD pair edges slightly higher to near 1.3500 during the early Asian trading hours on Thursday. The US Dollar (USD) softens against the British Pound (GBP) on a tame reading of the US inflation report.

Singapore Gross Domestic Product (QoQ) climbed from previous 1.1% to 1.4% in 2Q

Reserve Bank of Australia (RBA) Assistant Governor Chris Kent  said on Thursday that interest rate hikes are producing the expected effect. Kent added that further rate increases possible if risks emerge.

Singapore Gross Domestic Product (YoY): 5.9% (2Q) vs 5.7%

The United States (US) and Iran remain at ​loggerheads over efforts to agree a permanent end to the war in the Middle East, Reuters reported on Wednesday.

DBS Group Research’s Radhika Rao reports that Indonesia’s onshore markets welcomed President Prabowo’s nomination of Deputy Governor Destry Damayanti as the next Bank Indonesia Governor.

UOB’s Quek Ser Leang and Lee Sue Ann note that USD/SGD closed little changed around 1.2800, with the S$NEER trading 1.7% above its mid-point and implying a 1.2760–1.2822 range.

BNY’s Geoff Yu notes that a less hawkish Fed has weakened the Dollar but failed to spark a sustained bid in commodity FX such as Norwegian Krone (NOK), Australian Dollar (AUD) and Emerging Markets (EM) currencies Chilean Peso (CLP), South African Rand (ZAR) and Brazilian Real (BRL).

The US Dollar (USD) has extended its recovery on Wednesday following a Consumer Price Index (CPI) report that printed in line with forecasts. The US Dollar Index (DXY) has pushed back above the 100.00 mark, and the bid has broadened out against most majors heading into a data-heavy Thursday.

Commerzbank analysts highlight that Singapore’s final Q2 GDP was revised up, lifting H1 growth to 6.1% year-on-year and prompting MTI to raise its 2026 GDP forecast to 4.5–5.5%.

BNY’s Geoff Yu reports that sovereign bonds from commodity-based EM economies have seen accelerated selling after the Fed decision, despite a weaker Dollar and lower U.S. real yields.

Scotiabank strategists Shaun Osborne and Eric Theoret report the British Pound (GBP) is posting fractional gains versus the US Dollar (USD) and outperforming G10 peers as improving sentiment supports price action.

Rabobank's Senior FX Strategist Jane Foley reviews recent United Kingdom (UK) data against Eurozone performance. Foley notes Eurozone Q2 Gross Domestic Product (GDP) at 0.4% q/q and a 0.7% UK upturn in the three months to May.

TradingKey - 수요일 미국 노동통계국이 발표한 자료에 따르면 미국의 7월 소비자물가지수(CPI)는 전월 대비 0.1% 상승해 0.4% 하락했던 6월에서 눈에 띄게 반등했다. 전년 동기 대비로는 3.4% 상승해 6월의 3.5%보다 낮아졌다. 두 수치 모두 시장 예상치에 대체로 부합해 미국의 인플레이션이 계속 완만하게 둔화하고 있음을 나타냈으나, 전체

United States Consumer Price Index Core s.a increased to 336.789 in July from previous 336.065

United States Consumer Price Index n.s.a (MoM) below forecasts (333.99) in July: Actual (333.92)

United States Consumer Price Index ex Food & Energy (MoM) in line with expectations (0.2%) in July

TD Securities strategists expect United Kingdom (UK) June Gross Domestic Product (GDP) data to show a reversal of May’s strength in professional services, offsetting solid retail sales and leaving the Index of Services flat, with modest industrial weakness keeping monthly GDP at 0.0% m/m.

According to a senior Iranian source, there are no discussions about extending the ceasefire between Iran and the US, Reuters reported.

United States MBA Mortgage Applications up to 3.6% in August 7 from previous -2.9%

Inflation in India accelerates slightly in July, while remaining close to market expectations. The Consumer Price Index (CPI), released on Wednesday by the Ministry of Statistics and Programme Implementation (MoSPI), rises 4.45% YoY in July, compared with 4.38% in June.

Chris Turner at ING notes EUR/USD remains lacklustre despite better Eurozone data and upside surprises, as high European natural gas prices and Gulf tensions weigh on the Euro.

EUR/CAD remains steady after five days of losses, trading around 1.6070 during the European hours on Wednesday. The currency cross moves little as the Euro (EUR) holds ground following the release of Germany’s Harmonized Index of Consumer Prices (HICP) data.

Rabobank's Senior FX Strategist Jane Foley outlines a cautious stance on UK fiscal prospects and their impact on EUR/GBP. The Burnham government’s planned flexibility in fiscal rules and higher infrastructure spending could mean more gilt supply and tax speculation.

MUFG’s Michael Wan notes India’s Consumer Price Index (CPI) is expected to edge up to 4.4% year-on-year from 4.3%. Reserve Bank of India (RBI) Governor Sanjay Malhotra said inflation is largely under control, supporting expectations for rates to stay on hold near term.

Antje Praefcke at Commerzbank highlights that Norges Bank kept its policy rate at 4.25% in June but signaled a higher chance of another hike, with the year-end rate forecast just over 4.5%.

ING strategist Frantisek Taborsky highlights easing Romanian inflation driven mainly by base effects, with the National Bank of Romania unlikely to cut rates before early 2027.

Deutsche Bank strategists note that United States (US) equities had a mixed session as Magnificent 7 weakness weighed on the S&P 500, even as the equal-weighted index reached a fresh record.