EUR/CAD extends its gains for the third successive day, trading around 1.6090 during the European hours on Monday. The currency cross remains stronger as the commodity-linked Canadian Dollar (CAD) struggles amid lower oil prices.

Danske Research Team reports a strong rebound in global equities, with the S&P 500, Nasdaq, Stoxx 600 and Kospi all posting solid gains despite a recent Fed hike and further tightening priced.

ING strategist Frantisek Taborsky says Moody’s downgrade of Poland to A3 adds to pressure on CEE assets at the start of a relatively quiet second half of the month.

Danske Research Team notes that EUR/USD consolidated below 1.15 on Friday as European yields moved higher, with Bund yields rising amid increased French sovereign risk.

Iran’s Islamic Revolutionary Guard Corps (IRGC) warned that any new military attack could trigger a response fought across a different geographical area and with different weapons, Reuters reported on Monday.

USD/IDR extends its winning streak for the eighth successive day, trading around 17,850 during the Asian hours on Monday. The pair remains stronger as the US Dollar (USD) gains support amid hawkish sentiment surrounding the Federal Reserve (Fed) policy outlook.

Ukraine carried out a large-scale overnight drone and missile attack targeting Moscow and the surrounding region on Sunday, BBC reported. 

US Treasury Secretary Scott Bessent spoke ahead of the US President Donald Trump and Chinese President Xi Jinping summit, saying that he had a very successful engagement with China on trade and AI, Reuters reported on Monday. 

GBP/USD inches lower after registering modest gains in the previous trading day, hovering around 1.3390 during Asian hours on Monday. The pair loses ground as the US Dollar (USD) holds ground amid hawkish sentiment surrounding the Federal Reserve (Fed) policy outlook.

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.

Minneapolis Federal Reserve (Fed) President Neel Kashkari said that inflation is too high across all sectors ‌of the US economy, not just in rising oil prices, Reuters reported on Sunday.

US and Chinese officials began talks in New York aimed at clearing the way for possible agreements on trade, Artificial Intelligence (AI) and critical minerals ahead of a meeting between US President Donald Trump and Chinese President Xi Jinping later on Thursday, Bloomberg reported on Sunday.

TradingKey - O presidente do Fed de Minneapolis, Neel Kashkari, afirmou que a inflação nos EUA permanece elevada, com as pressões sobre os preços não estando mais restritas ao petróleo impulsionado pe

OCBC strategist Christopher Wong highlights that Taiwan’s CBC kept its policy rate at 2% for a tenth straight quarter with a mildly hawkish tone, sharply raising 2026 growth and inflation forecasts while flagging sticky services inflation.

Commerzbank’s Charlie Lay and Henry Hao report that Taiwan’s CBC kept its policy rate at 2.0% for a tenth straight meeting, signalling a patient stance.

OCBC strategist Christopher Wong notes that the Korean Won remains under pressure as foreign selling of Korean equities persists and elevated US yields after the FOMC continue to weigh. Large-cap technology stocks are at the centre of outflows, though the broader KOSPI has held up.

OCBC’s Christopher Wong highlights that Singapore’s August NODX surged 46.2% year-on-year, far above consensus, with electronics exports jumping on AI-related demand and broad-based strength across markets.

Chang Wei Liang at DBS Group Research highlights that USD/CNH is easing toward 6.70 despite a stronger Dollar, with the Renminbi (RMB) supported by a lower USD/CNY fixing below 6.76.

United Overseas Bank’s (UOB) Quek Ser Leang notes that USD/SGD has slipped into a short-term range phase after a sharp pullback, with intraday trading expected between 1.2735 and 1.2775.

Argentina Trade Balance (MoM) above forecasts ($2055M) in August: Actual ($2187M)

Eurozone CFTC EUR NC Net Positions increased to €-27K from previous €-42.6K

United States CFTC S&P 500 NC Net Positions down to $-100.5K from previous $-76K

United States CFTC Gold NC Net Positions down to $230.3K from previous $232K

Australia CFTC AUD NC Net Positions: $-38.9K vs previous $-34.9K

United States CFTC Oil NC Net Positions fell from previous 136.6K to 135.9K

Christopher Wong at OCBC writes that the Malaysian Ringgit weakened during Thursday’s Asian session on a firmer US Dollar and higher US Treasury yields after the FOMC, with USD/MYR briefly trading above 4.10 in an orderly move.

US Treasury yields rose on Friday, boosted mainly by the Federal Reserve’s decision to increase rates on Wednesday, while the Bank of Japan added its name to the list of major central banks focused on preventing inflation from getting out of control.

Rabobank strategists Bas van Geffen and Elwin de Groot highlight that sharply higher Oil and natural gas forecasts will lift headline Eurozone inflation by about 0.5 percentage points in 2026 and 2027.

On Friday, Kansas City Fed President Jeffrey Schmid said he supported the rate hike, as “recent data suggest inflation trending above 3%.” Schmid added that tightening policy is a step toward achieving the Fed’s 2% goal and that inflation has broadened across a set of goods and services and that the

ING economist Charlotte de Montpellier expects the Swiss National Bank to keep its policy rate at 0% next Thursday and over the coming quarters, as Swiss growth has surprised on the upside but inflation remains subdued.