Day: July 26, 2026

Choppy range view holds against US Dollar – Rabobank

Choppy range view holds against US Dollar – Rabobank

Rabobank’s Senior FX Strategist Jane Foley describes EUR/USD as wary after the July European Central Bank (ECB) meeting. Foley notes that the Euro (EUR) failed to gain support despite a hawkish ECB tone, while the Dollar benefits from safe haven demand and Federal Reserve (Fed) expectations. Foley still expects EUR/USD to trade in a choppy […]

Softer yields curb gains ahead of FOMC – Scotiabank

Softer yields curb gains ahead of FOMC – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret say broad US Dollar (USD) gains are moderating as United States (US) yields retreat and risk appetite improves after a tech-led selloff. High-beta currencies outperform while Euro (EUR) and British Pound (GBP) edge higher but fail to fully exploit positive data. Geopolitical tensions around Iran and upcoming Federal […]

Hyperscaler stress and chip volatility – Commerzbank

Hyperscaler stress and chip volatility – Commerzbank

Commerzbank’s Marco Stoeckle argues that the AI trade is at a crossroads, with ‘Mag 7’ euphoria fading and hyperscalers facing cash flow and leverage concerns. In contrast, semiconductor and memory stocks, tracked by SOX and KOSPI, saw hyperbolic gains before sharp drawdowns. Alphabet’s results support the hardware winners narrative but underscore vulnerabilities from eroding free […]

Hawkish MAS stance supports SGD – MUFG

Hawkish MAS stance supports SGD – MUFG

MUFG’s Lloyd Chan expects MAS to keep policy unchanged at the July meeting while maintaining a tightening bias, distinguishing between energy-driven and domestically generated inflation. Strong Singapore growth and a positive output gap justify tight settings. MUFG sees MAS policy as broadly supportive for the Singapore Dollar and expects any tightening surprise to push USD/SGD […]