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New Zealand Consumer Price Index (YoY) came in at 4.1%, above expectations (4%) in 2Q
New Zealand Consumer Price Index (YoY) came in at 4.1%, above expectations (4%) in 2Q
GBP/JPY Price Forecast: Uptrend pauses, bulls eye 219 breakout
The Pound Sterling registers losses against the Japanese Yen for the third consecutive trading day, doon 0.15% as traders digest the first speech of new Prime Minister Andy Burnham, who is naming the first members of his cabinet. The GBP/JPY trades at 218.13 after reaching a daily high of 218.84.
Chinese Yuan: Rangebound trade guided by fix against US Dollar – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong see USD/CNH staying broadly rangebound as the People's Bank of China (PBoC) fixing continues to anchor moves. Softer US inflation has recently weighed on the Dollar while firmer fixings allowed some gradual Renminbi (CNH) strength.
USD/CHF Price Forecast: Reclaims 0.8100 as market structure is bullish
The Swiss Franc loses ground against the Greenback in a trading session marked by CHF weakness amid improving risk appetite. At the time of writing, the USD/CHF trades at 0.8101, up 0.32%.
Malaysian Ringgit: Growth supports range against US Dollar – Commerzbank
Commerzbank’s Dr. Henry Hao and Moses Lim report that Malaysia’s stronger-than-expected Q2 Gross Domestic Product (GDP) growth and subdued inflation support an unchanged policy rate of 2.75%. USD/MYR has remained within a 4.05–4.10 range, recently edging higher alongside crude oil prices.
Singapore Dollar: Range trade persists against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang notes USD/SGD is stuck in a tight range after recent sideways trading, with intraday action expected between 1.2900 and 1.2930. On a 1–3 week horizon, the bank still sees downside risks if 1.2860 breaks, while 1.2930 remains strong resistance.
Mexican Peso gains as risk appetite boosts Peso, weighs on USD
The Mexican Peso gains some ground versus the Greenback on Monday, up by 0.66% as risk appetite improves despite escalating tensions in the Middle East. At the time of writing, the USD/MXN trades at 17.43 after hitting a daily high of 17.55
China: Chinese AI models challenge US-led economics – Deutsche Bank
Deutsche Bank strategists analyses China’s AI (Artificial intelligence) ecosystem, noting that Chinese models are rapidly catching up in capability while being priced near mid-tier US systems.
Argentina Trade Balance (MoM) below forecasts ($2060M) in June: Actual ($2M)
Argentina Trade Balance (MoM) below forecasts ($2060M) in June: Actual ($2M)
Copper: Speculators rebuild longs on tight supply – TD Securities
TD Securities’ commodity strategy team highlights that, after a five‑week reduction in Copper longs, speculators have resumed adding net length, supported by firm Chinese premiums, low arrivals and inventory draws on the LME and SHFE.
Canadian Dollar falls as softer Canadian inflation weighs on the Loonie
USD/CAD trades higher near the 1.4060 area on Monday, recovering from below 1.4000 as the Canadian Dollar (CAD) weakens following softer-than-expected domestic inflation data. The US Dollar Index (DXY) also rises around 0.2% near 101.00, providing additional support to the pair.
British Pound slips as Burnham fiscal pledge fails to lift Sterling
The Pound Sterling reverses course and turns negative on the day as Andy Burnham is named the new Prime Minister and reassures that he will stick to the fiscal rules set by the former Chancellor, Rachel Reeves, who just resigned. The GBP/USD trades at 1.3425, after hitting a daily high of 1.3481.
Australian Dollar holds as PBOC stands firm
AUD/USD trades around the 0.7000 area on Monday, holding near recent highs after recovering from last week’s decline.