Market News
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Japanese Yen firms as easing tensions weigh on USD before Fed, BoJ
USD/JPY edges lower on Monday and trades around 163.70 at the time of writing, down 0.09% on the day, as the US Dollar (USD) comes under pressure from improving risk sentiment following the latest geopolitical developments.
Singapore Dollar: MAS signals inflation concern – Commerzbank
Commerzbank’s Charlie Lay notes Monetary Authority of Singapore (MAS) unexpectedly tightened policy for a second meeting, slightly increasing the Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) slope and stressing the move was smaller than April’s.
Australian Dollar retreats from intraday gains ahead of Australian CPI and Fed decision
AUD/USD retreats to 0.6990 on Monday, though still up on Friday's close, after briefly rising as high as 0.7011 during the Asian session as investors prepare for key Australian inflation data and the Federal Reserve’s interest-rate decision.
USD/CAD Price Forecast: Technical outlook remains constructive above 1.4000
USD/CAD edges higher on Monday, paring earlier losses as the US Dollar (USD) rebounds after opening the week with a bearish gap. The Greenback initially weakened as a temporary pause in attacks between the United States (US) and Iran improved risk sentiment.
Bank of England: Higher bar seen for rate hikes - ING
ING’s James Smith expects the Bank of England to keep rates on hold on 30 July and sees a prolonged pause extending through 2026. New forecasts are likely to show UK inflation peaking near 3%, below the 4% level seen as risky.
United States Dallas Fed Manufacturing Business Index increased to 1.3 in July from previous 0
United States Dallas Fed Manufacturing Business Index increased to 1.3 in July from previous 0
WTI Oil drops more than 7% as US, Iran pause strikes
West Texas Intermediate (WTI) US Oil extends its decline on Monday, trading around $82.60 per barrel at the time of writing, down 7.4% on the day.
British Pound: Growth slowdown and higher rates – BNP Paribas
BNP Paribas strategists expect United Kingdom (UK) growth to slow to 1% in 2026 from 1.3% in 2025, with renewed inflation pressures from the war in Iran pushing inflation to 3.2%.
Euro: Recovery signals offer limited upside against US Dollar – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that Eurozone leading indicators, including Germany’s IFO, Purchasing Managers’ Index (PMI) and ZEW, point to improving activity.
Euro trims gains as geopolitical risks, Fed outlook support US Dollar
EUR/USD reverses its early gains on Monday and moves toward filling the bullish gap at the weekly open. The pair initially rose after a temporary pause in attacks between the United States (US) and Iran improved risk sentiment, sent Oil prices sharply lower and weighed on the US Dollar (USD).
European Central Bank: Rate path and yields after sharp rise – Societe Generale
Societe Generale strategists argue July’s global fixed income selloff looks stretched, especially in Western Europe where 2-year and 10-year yields have risen about 30bp in four weeks.
Federal Reserve: Mixed signals keep rates on hold – DBS
DBS Group Research economists Taimur Baig and Chang Wei Liang argue that sticky United States (US) inflation keeps pressure on the Federal Reserve (Fed), but soft consumption, weak investment and fading labour market resilience justify a pause in Fed Funds rate hikes.
US Dollar: Policy uncertainty supports USD – BNY
BNY’s Geoff Yu says softer June Consumer Price Index (CPI) has reduced immediate inflation concerns, but limited Fed guidance continues to support policy uncertainty and US Dollar (USD).