Market News
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Japanese Yen advances as falling Treasury yields pressure US Dollar
The Japanese Yen (JPY) extends its intraday gains on Wednesday as the US Dollar (USD) comes under fresh selling pressure following a sharp decline in longer-term US Treasury yields. At the time of writing, USD/JPY trades around 158.47, its lowest level in more than a week.
Colombia Trade Balance: $-2.161M (June) vs $-1222.7M
Colombia Trade Balance: $-2.161M (June) vs $-1222.7M
Thai Baht: Higher commodities threaten Baht stability – Commerzbank
Commerzbank analysts note that the Bank of Thailand (BoT) is expected to keep its policy rate at 1.0%, seeing it as sufficiently accommodative. USD/THB has consolidated in a 32.90–33.30 range, with rising global commodity prices and foreign outflows posing downside risks for the Baht.
Canadian Dollar strengthens as Trump pauses 50% tariffs, Oil prices climb
USD/CAD declines on Wednesday and trades around 1.3810 at the time of writing, down 0.62% on the day.
Australian Dollar: RBA keeps hawkish bias on inflation – BNY
BNY’s Geoff Yu reports the Reserve Bank of Australia remains concerned about inflation, with Deputy Governor Andrew Hauser saying further rate hikes cannot be ruled out.
United States EIA Gasoline Stocks Change: 0.688M (August 14) vs -0.968M
United States EIA Gasoline Stocks Change: 0.688M (August 14) vs -0.968M
Bank of England: Rate hold baseline with conflict risks – Societe Generale
Sam Cartwright at Societe Generale argues recent easing in United Kingdom (UK) services inflation and labour market loosening support the Bank of England’s wait-and-see stance. The baseline view is Bank Rate stays at 3.75% through 2026 to restrain underlying inflation.
South Korean Won: Growth-driven recovery offers policy lesson – ING
Chris Turner at ING explains that Korea’s earlier massive portfolio outflows and a weaker Korean Won (KRW) pushed USD/KRW to 1560 in June, despite a large current account surplus.
Chinese Yuan: Policy support eyed as growth slows – Commerzbank
Commerzbank’s Charlie Lay, Dr. Henry Hao and Moses Lim note that China’s July data showed weaker Industrial Production and Retail Sales, underscoring fading momentum at the start of Q3.
Australian Dollar: Shallow uptrend risk into next year – Rabobank
Rabobank’s Senior FX Strategist Jane Foley notes AUD/USD is currently on the back foot, with the Australian Dollar the weakest G10 currency on a one-day view. Despite market doubts, Rabobank still expects one more Reserve Bank of Australia (RBA) rate hike this year.
Indonesian Rupiah: Stability-focused BI stance – UOB
UOB economist Enrico Tanuwidjaja notes that Bank Indonesia (BI) kept the BI Rate at 5.75% in August, prioritizing Rupiah and macro-financial stability over growth.
United Kingdom: Constrained backdrop and BoE risks – Societe Generale
Societe Generale’s Sam Cartwright argues that a new UK Prime Minister has not altered the constrained fiscal backdrop, limiting ambitions on housebuilding, social care, investment and defence.
China: Policy support and structural shifts – HSBC
HSBC strategists review July data and the latest China Politburo guidance. Retail sales and Fixed Asset Investment softened, while Industrial Production and exports were supported by AI-related and green technology demand.