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Oil: Diplomatic risk keeps prices supported – BNY
BNY’s Geoff Yu notes that Iran’s signals of continued military response alongside active mediation keep the Middle East conflict in a managed but unstable phase.
Australian Dollar: Labor data seen reinforcing RBA pause – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects Australia’s June labor force report to show a modest 15k job gain and unemployment steady at 4.4%, slightly above the Reserve Bank of Australia's (RBA) projection.
New Zealand Dollar: RBNZ tightening cycle underpins Kiwi – HSBC
HSBC strategists see NZD/USD supported by New Zealand’s strengthening growth data and an aggressive Reserve Bank of New Zealand (RBNZ) hiking path. The RBNZ has begun raising rates and HSBC Economics projects 25bp hikes per quarter to 3.50% by Q3 2027.
Silver climbs near $57 despite renewed Fed rate hike expectations
Silver (XAG/USD) advances toward $56.90 per troy ounce on Monday at the time of writing, gaining 1.6% on the day. The precious metal continues to benefit from safe-haven demand as geopolitical tensions in the Middle East keep risk sentiment under pressure.
Euro: Policy divergence supports gains against US Dollar - DBS
DBS Group Research’s Philip Wee argues that the Euro (EUR) may find support in coming weeks as markets reassess geopolitical risks and central bank divergence.
British Pound: Market calm under Burnham’s cautious agenda – ING
James Smith at ING highlights that UK markets have reacted calmly to Andy Burnham becoming prime minister, with risk premia contained as investors expect no major policy shocks this year.
Breaking: Canada's headline CPI rose by 2.8% YoY in June
Canada’s inflation has cooled a tad in June, with the Consumer Price Index (CPI) rising 2.8% from a year earlier, coming in below market expectations and down from the 3.2% increase recorded in May. On a monthly basis, prices declined by 0.4%.
Canada Consumer Price Index - Core (MoM) unchanged at 0.2% in June
Canada Consumer Price Index - Core (MoM) unchanged at 0.2% in June
Canada Consumer Price Index (YoY) came in at 2.8%, below expectations (2.9%) in June
Canada Consumer Price Index (YoY) came in at 2.8%, below expectations (2.9%) in June
Canada BoC Consumer Price Index Core (YoY): 2.1% (June) vs previous 2.2%
Canada BoC Consumer Price Index Core (YoY): 2.1% (June) vs previous 2.2%
Canada BoC Consumer Price Index Core (MoM) fell from previous 0.6% to 0.1% in June
Canada BoC Consumer Price Index Core (MoM) fell from previous 0.6% to 0.1% in June
Canada Consumer Price Index (MoM) registered at -0.4%, below expectations (-0.2%) in June
Canada Consumer Price Index (MoM) registered at -0.4%, below expectations (-0.2%) in June
Houthis declare naval blockade against Saudi Arabia, raising Middle East tensions
Yemen's Houthis announced on Monday a naval blockade against Saudi Arabia, according to a statement reported by Reuters.