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Mexican Peso: Restrictive Banxico stance supports MXN carry – Rabobank
Rabobank’s Molly Schwartz and Christian Lawrence note that Mexico's central bank, Banxico unanimously kept the overnight policy rate at 6.50% on August 6 and continues to judge the stance as appropriate.
India FX Reserves, USD: $692.87B (July 27) vs $682.35B
India FX Reserves, USD: $692.87B (July 27) vs $682.35B
India Bank Loan Growth remains at 17.7% in July 20
India Bank Loan Growth remains at 17.7% in July 20
Euro: Upside bias hinges on 1.1565 break against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report EUR/USD has retreated to 1.1524 after failing several times near 1.1560. Intraday, they see scope for further pullback but expect strong support at 1.1495 to hold.
Canadian Dollar lacks direction ahead of twin US, Canadian employment releases
USD/CAD trades around 1.4020 on Friday at the time of writing, up a modest 0.06% on the day with no clear directional bias as investors remain cautious ahead of the release of US and Canadian July employment reports.
Australian Dollar edges up against US Dollar with NFP data in focus
The Australian Dollar (AUD) trades slightly higher to near 0.7040 against the US Dollar (USD) during the European trading session on Friday.
1.1560: Why the Euro's recovery is facing its biggest technical hurdle
The Euro (EUR) has staged a notable recovery from its mid-June lows against the US Dollar (USD), driven in part by financial markets dialing back expectations for further Federal Reserve (Fed) interest rate hikes.
US President Trump: Warsh is great and I won’t criticize him
United States (US) President Donald Trump said in an interview with Punchbowl, released during the European trading session on Friday, that a potential interest rate hike by the Federal Reserve (Fed) is not completely on Chairman Kevin Warsh, but on the entire board.
Portugal Global Trade Balance down to €-9.441B in June from previous €-8.705B
Portugal Global Trade Balance down to €-9.441B in June from previous €-8.705B
Canadian Dollar: Labour resilience favours CAD against US Dollar – TD Securities
TD Securities strategists expect Canada’s July Jobs Report to confirm ongoing labour market strength, with employment rising another 20k, matching consensus and extending the recovery of 2026 job losses.
Polish Zloty: Near-term EUR/PLN forecast raised to 4.30 – Commerzbank
Commerzbank’s Tatha Ghose raises the near-term EUR/PLN forecast from 4.20 to 4.30, citing recent global risk-off moves and uncertainty surrounding the oil price shock.
USD/CHF Price Forecast: Dollar eases towards 0.8100 ahead of the NFP release
The US Dollar (USD) pares gains against the Swiss Franc (CHF) on Friday, with the USD/CHF pair drifting towards the 0.8100 level, after rejection at 0.8136 highs on Thursday.
Swiss Franc: Funding currency weakness extends – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note the Swiss Franc (CHF) remains under pressure as carry trade funding demand grows and recent Japanese Yen (JPY) intervention reinforces CHF’s role as a preferred funding currency.