Market News
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Why hot Australian inflation could reignite the Reserve Bank of Australia hike debate
The Australian Dollar (AUD) is balancing stickier-than-expected domestic inflation against broader global market volatility.
United States Richmond Fed Manufacturing Index below forecasts (10) in July: Actual (5)
United States Richmond Fed Manufacturing Index below forecasts (10) in July: Actual (5)
Swiss Franc: Weak performance tied to carry and Gold – TD Securities
TD Securities strategists argue that the Swiss Franc’s (CHF) underperformance since the February 2026 Iran shock reflects both low-yield carry dynamics and sensitivity to Gold prices.
Australian Dollar: RBA pause risk weighs on Aussie – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports that Australian Dollar (AUD) is underperforming after Reserve Bank of Australia (RBA) Governor Michele Bullock balanced a hawkish bias with a message of patience, noting easing domestic demand and labour conditions.
Canadian Dollar: Limited upside for CAD against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note USD/CAD is trading near fair value around 1.4115, with the Canadian Dollar (CAD) constrained by wide short-term rate differentials versus the Dollar.
British Pound: Political risks and BoE stance shape outlook – Rabobank
Rabobank's Senior FX Strategist Jane Foley discusses British Pound (GBP) prospects around UK welfare reform, shifting voter polls and the upcoming Bank of England (BoE) decision. Foley highlights how PM Burnham’s fiscal choices and intra-Labour tensions could affect gilts and the Pound.
United States Redbook Index (YoY) up to 8.3% in July 24 from previous 7.8%
United States Redbook Index (YoY) up to 8.3% in July 24 from previous 7.8%
Trump downplays escalation risks while warning Iran against breaking agreements
In an interview with Fox News, US President Donald Trump said that Pickaxe Mountain, an Iranian underground nuclear site, is not a big problem, adding that the United States (US) is now in a very strong position with Iran.
United States Housing Price Index (MoM) registered at 0.3% above expectations (0.2%) in May
United States Housing Price Index (MoM) registered at 0.3% above expectations (0.2%) in May
United States S&P/Case-Shiller Home Price Indices (YoY) registered at 1.6% above expectations (1.3%) in May
United States S&P/Case-Shiller Home Price Indices (YoY) registered at 1.6% above expectations (1.3%) in May
Copper: Tight supply underpins constructive outlook – ING
ING strategists Warren Patterson and Ewa Manthey highlight that Copper has extended its July gains as easing Middle East tensions lift sentiment. They point to tight physical conditions, low inventories and firm Chinese import demand as key supports.
Federal Reserve: Scenarios into FOMC – DBS
DBS Group Research economist Eugene Leow notes that investors remain cautious on upcoming FOMC decisions, with markets pricing a 34% chance of a July hike and nearly full odds for September.
Euro nears three-week high against British Pound on UK fiscal concerns, BoE outlook
EUR/GBP holds firm on Tuesday, extending its recovery from the more than one-year low touched earlier this month as diverging monetary policy expectations between the European Central Bank (ECB) and the Bank of England (BoE), along with UK fiscal concerns, weigh on the British Pound (GBP).