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.

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

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.

TradingKey - 미국은 미 동부시간 기준 8월 26일 수요일에 7월 개인소비지출(PCE) 물가지수를 발표할 예정이다. 연방준비제도(연준)가 예의주시하는 핵심 인플레이션 지표인 이 데이터는 시장이 9월 금리 인상 여부를 가늠하는 중요한 근거가 될 것으로 보인다.근원 인플레이션 3.3% 유지 가능성: 연준 금리 인상 기대감 식을까?시장 전망에 따르면,

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.

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.

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.

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

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.

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

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

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

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

USD/IDR halts its three-day losing streak, trading around 17,770 during the Asian hours on Tuesday. The pair appreciates as the Indonesian Rupiah (IDR) struggles under the weight of cautious market sentiment driven by persistent external pressures.

Japan Coincident Index: 118.5 (June) vs 118.2

Reserve Bank of Australia (RBA) Head of Domestic Markets, David Jacobs, said during the Asian trading session on Tuesday that the central bank aims to have a system that can flexibly supply whatever quantity the banking system demands, while keeping the cash rate close to the board’s target.

Japan Finance Minister (FM) Satsuki Katayama said in the Asian trading session on Tuesday that the government aims to balance fiscal sustainability and economic growth and communicate with markets on this stance.

Reserve Bank of Australia (RBA) published the Minutes of its July monetary policy meeting on Tuesday, with the key takeaways noted below.

Iranian Economy Minister Ali Madanizadeh said on Tuesday, "We are fully prepared for the US sanctions."

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a downside bias on USD/CNH after the pair dipped to 6.7180 and closed near 6.7210.

DBS Group Research economist Chua Han Teng reviews Prime Minister Lawrence Wong’s National Day Rally 2026, highlighting policy themes rather than markets.

Brown Brothers Harriman’s (BBH) Elias Haddad expects the Bank of Thailand (BoT) to hold rates at 1.00%, leaving negative real yields that keep Thai Baht (THB) lagging. The Bank of Korea (BoK) is seen hiking again to 3.00%, supporting South Korean Won (KRW) as growth and inflation exceed targets.

OCBC’s Sim Moh Siong and Christopher Wong highlight that RMB and CNH remain supported by softer USD dynamics and exporter conversion, but the People’s Bank of China is signalling a preference for gradual gains via its fixing.

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a cautious stance on USD/SGD after Friday’s drop to 1.2682 and close near 1.2700.

United States (US) Treasury Secretary Scotts said on Monday the US is launching "an economic onslaught against Iran's financial connections around the globe".

Scotiabank strategists Shaun Osborne and Eric Theoret note that the Japanese Yen (JPY) is slightly softer versus the US Dollar (USD), with USD/JPY trading between 158.00 support and resistance in the upper‑159s.

Brown Brothers Harriman’s (BBH) Elias Haddad expects Canada’s Q2 Real GDP to rebound strongly, outpacing the Bank of Canada’s (BoC) projection, with domestic demand and exports driving gains.

Scotiabank strategists Shaun Osborne and Eric Theoret report that the British Pound (GBP) is flat versus the Dollar but outperforming G10 peers despite broad USD strength. With data light, attention turns to PM Burnham’s visit to Kiev and the October 28 budget.

Wells Fargo Economics, led by Tom Porcelli and colleagues, expects July consumer spending to rise modestly, with nominal Personal Income up 0.3% and spending up 0.2%. They highlight fading support from tax refunds, leaving demand more reliant on income growth.

Wells Fargo Economics argues that Jackson Hole is often overhyped, with only a couple of truly consequential speeches in the past 14 years.