RBA expected to hold interest rate at 4.35% as markets reassess hike bets
The Reserve Bank of Australia (RBA) is on track to keep the Official Cash Rate (OCR) steady at 4.35% for the second consecutive meeting on Tuesday. The decision will be announced at 04:30 GMT, accompanied by the Monetary Policy Statement (MPS) and updated economic forecasts. RBA Governor Michele Bullock’s press conference will follow at 05:30 […]
Citi Mexico Survey expects Banxico hold, USD/MXN ending 2026 at 17.90
Citi Mexico released the Expectations Survey on Monday, in which the central bank polled 35 economists to gather their forecasts for monetary policy, the USD/MXN exchange Rate, inflation expectations, and economic growth. Citi’s survey shows that the majority of the economists polled expect monetary policy to remain steady at 6.50%. Seven of those 35 expect […]
Weak payrolls and softer retail sales – TD Securities
TD Securities notes July payrolls surprised sharply to the downside, with headline jobs dragged by government hiring, while private employment stayed near breakeven. The firm expects July Retail Sales to post the first decline since January, aligning with softer labor data, though they still see overall economic activity as stable given mixed but expansionary ISM […]
British Pound climbs as Hormuz talks stall, US CPI up next
The Pound Sterling advances during the North American session, up 0.20% as markets digest developments in the Middle East and await crucial inflation data in the United States (US). The GBP/USD trades at 1.3520 after bouncing off daily lows of 1.3483. GBP/USD advances despite a firmer Dollar as Oil jumps, Fed-BoE bets shift, and inflation […]
Modest upside bias against US Dollar as Fed repricing – Rabobank
Rabıobank’s Senior FX Strategist Jane Foley discusses recent EUR/USD strength, noting it was mainly driven by a softer Dollar after weak United States (US) labour data reduced Federal Reserve (Fed) rate hike expectations. Foley highlights resilient Eurozone data but also growth headwinds and limited appetite for strong Euro appreciation. Rabobank now expects EUR/USD to reach […]
Data-heavy week under global pressure – ING
ING’s Frantisek Taborsky highlights a busy Central and Eastern Europe calendar with Czech inflation, Turkey’s inflation report and key Polish data, including GDP and core inflation. He notes CEE assets remain driven by global headlines, higher Oil prices and narrowing rate differentials, with EUR/CZK in focus after closing above 24.250 and seen with upside risk […]
Intervention credibility questioned – BNY
BNY’s Geoff Yu and David Tam highlight that USD/JPY is grinding higher again after Japan’s recent intervention, with the Japanese Yen (JPY) having already surrendered much of its gains. They argue that a break above 160 would intensify pressure on authorities to adjust policy if a stronger Yen is truly desired, warning that failure to […]
New Zealand Dollar slips as USD firms on Mideast risks, Fed hike bets
The NZD/USD pair is seen extending Friday’s late pullback from the vicinity of the monthly peak – levels just above the 0.5900 mark – and drifting lower at the start of a new week. Spot prices, however, remain confined in a familiar range held over the past week or so and currently trade around the […]
Hormuz tensions escalate as unconfirmed missile attack amid fragile US-Iran talks
The ongoing US-Iran conflict has entered a crucial diplomatic phase, with intense fighting and strategic pressure around the vital Strait of Hormuz continuing to drive the dynamic of the war. Iranian officials stated on Sunday that Oman-mediated negotiations on the strait’s management are making progress. However, Tehran maintains that commercial shipping will not fully resume […]
Gold rallies as mediocre US NFP crushes Fed rate hike bets
Gold (XAU/USD) skyrockets on Friday, gaining over 2.30% in the day and more than 7% in the week after US jobs data was mixed, with a softer Nonfarm Payrolls print while the Unemployment Rate remained steady. At the time of writing, the XAU/USD pair trades at $4,340 after hitting $4,371 earlier in the day, its […]
