New Zealand Current Account (QoQ) came in at $-1.67B, above forecasts ($-2.57B) in 2Q

New Zealand Current Account - GDP Ratio increased to -3.2% in 2Q from previous -3.6%

Quek Ser Leang at UOB notes USD/CNH remains directionless, trading narrowly around 6.71 with little change in momentum. Intraday, the pair is expected to hold between 6.7060 and 6.7160.

Commerzbank analysts report that USD/IDR extended gains as investors assessed the appointment of Suahasil Nazara as Indonesia’s new Finance Minister, the third in under two years.

Commerzbank’s Volkmar Baur notes that Chinese growth remains export-led as domestic demand stays soft, with investment and retail sales under pressure and car sales slumping.

UOB’s Quek Ser Leang notes USD/SGD extended gains toward 1.2725 as the US Dollar strengthened broadly and Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) stayed around 1.65% above its mid-point.

Standard Chartered economists Hunter Chan and Shuang Ding assess China’s July-August data and conclude that domestic demand weakened while production held up.

Commerzbank’s FX analysts Charlie Lay and Moses Lim note that the Korean Won has rallied nearly 15% against the Dollar since late June, driven less by the current account surplus and more by structural shifts in flows.

Nomura’s Josie Anderson, George Buckley and Andrzej Szczepaniak say the latest UK labour data show strong private sector pay but softer employment, with payrolls falling and vacancies at their lowest since early 2021.

Deutsche Bank’s Chief UK Economist Sanjay Raja assesses latest United Kingdom (UK) labour market data as signalling a still weak backdrop, with employment struggling and vacancies falling.

Societe Generale economist Kunal Kundu notes that India’s headline Consumer Price Index (CPI) inflation rose to 4.8% year-on-year in August 2026, staying above the Reserve Bank of India ’s (RBI) 4.0% median target for a third month.

ING’s Francesco Pesole notes the Pound has been resilient against the Dollar and EUR/GBP has fallen about 0.5% since Friday, partly on positioning ahead of the Bank of England meeting.

Private-sector hiring in the US has gained further pace in later August. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 16.25K jobs per week in the four weeks ending August 29.

Royal Bank of Canada (RBC) analysts highlight that Canada’s economy has rebounded, with Gross Domestic Product (GDP) growth improving in Q2 2026 and per-capita gains supported by a lower unemployment rate.

Standard Chartered’s Chong Hoon Park and Nicholas Chia expect the Bank of Japan to hike its policy rate by 25bps to 1.25% at the 17-18 September meeting.

ING economist James Smith argues that recent United Kingdom (UK) jobs data underline a cooler labour market and weaker wage dynamics, reducing the risk of another inflation surge.

Rabobank's Senior Energy Strategists Joe DeLaura and Florence Schmit revise their Brent outlook higher as Middle East disruptions tighten supply routes.

Germany’s ZEW Survey Economic Sentiment rose slightly to 34.7 in September from 34.2 in August, although the reading falls short of market expectations of 37.

MUFG’s Lee Hardman says the Pound is holding up better than expected despite the worsening energy price shock.

AUD/JPY gains ground for the second consecutive day, trading around 110.40 during European hours on Tuesday. The currency cross appreciates as the Japanese Yen (JPY) faces headwinds from rising global oil prices, which significantly inflate import costs for Japan's energy-dependent economy.

ING’s Frantisek Taborsky explains that a surge in energy prices, a jump in US 10-year yields to 5% and a stronger Dollar have hit CEE currencies and pushed local rates higher.

BNY’s John Velis expects the Federal Reserve to raise rates by 25bp at this week’s FOMC meeting and sees another hike as likely later this year.

EUR/JPY extends its gains for the second consecutive day, trading around 179.00 during European hours on Tuesday.

Rabobank’s Senior FX Strategist Jane Foley discusses whether the Swiss Franc (CHF) will shift from safe haven to funding currency status. Foley highlights Swiss National Bank (SNB) intervention during the Iran war, subdued Swiss inflation, and a zero policy rate.

Societe Generale’s Kunal Kundu expects the Reserve Bank of India (RBI) to respond to India’s broadening inflation pressures with a new mini rate-hike cycle. Kundu projects a 25bp hike in October, followed by two similar moves in December and February.

EUR/CAD extends its losses for the second successive day, trading around 1.6040 during European hours on Tuesday. The currency cross depreciates as the commodity-linked Canadian Dollar (CAD) gains support from rising crude oil prices.

Commerzbank’s Michael Pfister argues that rising Oil prices have sharply lifted UK rate expectations, with markets now discounting four Bank of England hikes by mid-2027 versus just over one in June.

Here is what you need to know on Tuesday, September 15:

TradingKey - Os Estados Unidos devem divulgar seus dados de vendas no varejo referentes a agosto na quarta-feira (16 de setembro), no horário da Costa Leste. Após uma desaceleração perceptível nos gas

Deutsche Bank’s Jim Reid reports that US equities weakened as AI slowdown headlines triggered a sharp selloff in semiconductor names, dragging the broader S&P 500 lower.