Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
United States Construction Spending (MoM) below forecasts (0.2%) in June: Actual (-0.1%)
United States Construction Spending (MoM) below forecasts (0.2%) in June: Actual (-0.1%)
United States ISM Manufacturing Prices Paid above expectations (70.3) in July: Actual (71.1)
United States ISM Manufacturing Prices Paid above expectations (70.3) in July: Actual (71.1)
United States ISM Manufacturing New Orders Index rose from previous 56Â to 56.7 in July
United States ISM Manufacturing New Orders Index rose from previous 56Â to 56.7 in July
United States ISM Manufacturing PMI came in at 55.6, above forecasts (54) in July
United States ISM Manufacturing PMI came in at 55.6, above forecasts (54) in July
United States ISM Manufacturing Employment Index up to 52.8 in July from previous 49.7
United States ISM Manufacturing Employment Index up to 52.8 in July from previous 49.7
Hong Kong: Growth seen moderating – UOB
UOB’s Ho Woei Chen notes that Hong Kong’s Gross Domestic Product (GDP) growth slowed to 4.3% year-on-year in 2Q26, with a 0.6% quarterly contraction after a strong start to 2026. Goods exports remain robust, but consumption and investment growth have moderated.
China: Growth momentum softens again – Standard Chartered
Standard Chartered economists Hunter Chan and Shuang Ding argue that China’s July data likely showed weaker momentum, with official PMIs for manufacturing, services and construction all below 50 and at multi-year lows.
United States S&P Global Manufacturing PMI came in at 53.9, above forecasts (53.8) in July
United States S&P Global Manufacturing PMI came in at 53.9, above forecasts (53.8) in July
Canadian Dollar weakens on Oil price slump as markets eye data releases
USD/CAD trades around 1.4040 on Monday at the time of writing, up 0.14% on the day as the Canadian Dollar (CAD) comes under pressure following a sharp decline in Oil prices.
Japanese Yen: Intervention supports JPY against US Dollar – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports USD/JPY plunged in Tokyo after confirmed joint US-Japan intervention to stop the Japanese Yen’s slide, with officials warning they may act again.
South African Rand: Recovery scenarios after SARB surprise – Commerzbank
Commerzbank's Volkmar Baur reviews the South African Rand (ZAR) after its earlier appreciation against the US Dollar (USD) stalled with the Iran conflict.
Indian Rupee: Policy holds with FX intervention – BNY
BNY’s Geoff Yu expects the Reserve Bank of India to keep the repo rate at 5.25%, relying on macroprudential tools to manage financial stability while INR remains pressured by higher Oil and a stronger Dollar.
Singapore Manufacturing PMI: 51.4 (July) vs 51.3
Singapore Manufacturing PMI: 51.4 (July) vs 51.3

