Market news
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Reuters Poll: Fed Expected to Hold Rates Amid Oil Shock and Persistent Inflation
A Reuters poll indicates the Federal Reserve will likely keep interest rates unchanged next week and for the rest of the year due to an oil price shock and inflation remaining above the 2% target for an extended period.
USD/JPY Hits 40-Year High Above 163.00 as Yen Tumbles
The USD/JPY pair surged to a 40-year high above 163.00, driven by continued dollar strength and safe-haven demand.
USD/KRW Faces Support Cluster Near 1,464/1,461 – SocGen
Societe Generale technical analysts note USD/KRW failed to break above the June high around 1,561 and is now testing its 200-day moving average, with a support cluster near 1,464/1,461.
Silver Surges Over 4.5%, Eyes Resistance Break Near $60
Silver price (XAG/USD) jumped more than 4.50% on Tuesday, reaching a five-day high above $59.00 and testing a downward-sloping resistance trendline around the $59.65–$60.75 range, with bulls targeting a move above $60.00.
Canada's Loonie Weighs as Another 50% Tariff Hits; USD/CAD Above 1.4100
The Canadian dollar weakened as USD/CAD rose above 1.4100 on reports of another 50% tariff, heading for a second consecutive daily gain.
Commerzbank: AI Exports Bolster Singapore Dollar vs US Dollar
Singapore's June non-oil domestic exports grew 20.7% year-on-year, driven by AI-related semiconductor demand, supporting the Singapore dollar against the US dollar, according to Commerzbank.
Gold Surges Over 1.5% Amid US-Iran Missile Strikes
Gold rallied more than 1.5% on Tuesday during the North American session as continued US-Iran missile strikes overshadowed mediation efforts. The precious metal gained despite a strong US dollar.
US Dollar Index Hits One-Week High as US-Iran Tensions Escalate
The US Dollar Index (DXY) rose to a one-week high on Tuesday, driven by renewed geopolitical tensions between the United States and Iran, which increased safe-haven demand for the greenback.
OCBC: USD/IDR Tentatively Stabilizing, Modest Easing from Recent Highs
OCBC economists note tentative stabilization of USD/IDR with modest easing from highs, supported by S&P rating affirmation and BI tightening, but gains limited by oil prices, fiscal concerns, and soft inflows.
Aussie Dollar Holds Near 0.7000 as Recovery Faces Resistance
AUD/USD remains stuck around the 0.7000 level after a recent recovery, failing to break convincingly above this psychological resistance. The constructive outlook persists as long as price stays above the 200-day SMA.
USD/SGD to Stay Range-Bound Near Term – UOB
UOB's Quek Ser Leang expects USD/SGD to trade within tight ranges in the near term, with no clear directional bias.
South Korea Unveils KRW Internationalisation Roadmap, Commerzbank Says
Commerzbank analysts highlight the South Korean government's new KRW internationalisation roadmap, including unlimited KRW transactions with foreign institutions from January 2027 and broader onshore access, supporting the won.
British Pound Falls as Geopolitical Risk Boosts US Dollar
The GBP/USD declined 0.48% as renewed geopolitical tensions, particularly the US-Iran escalation, lifted the US Dollar Index to key technical levels.
USD/CHF Edges Higher as Middle East Tensions Support USD
The USD/CHF pair rose 0.27% to 0.8123, with buyers maintaining control above the 0.8000 level. Escalating Middle East tensions are supporting the US Dollar, and traders now eye a breakout above the 0.8150 resistance that has capped gains since July 2025.
Gold Rises Above $4,080 as Middle East Tensions Escalate
Gold prices moved higher on Tuesday, trading near an intraday high of $4,084, as escalating Middle East conflict boosted safe-haven demand despite a firmer US Dollar.
USD/JPY Breaks Above 163.00 for First Time Since 1986
USD/JPY briefly touched 163.04 on Tuesday, its highest level since December 1986, as safe-haven demand supported the US dollar amid renewed Middle East tensions and rising oil prices.
Australian Dollar Retreats from Monthly High, AUD/USD Hovers Near 0.7010
The AUD/USD pair slipped from a four-week high on Tuesday, trading near 0.7010. The Australian Dollar remains above the key 0.7000 level as softer US economic data curbs demand for the greenback.
Euro Slips as Middle East Tensions Boost US Dollar Despite Upbeat ZEW Surveys
The euro declined against the US dollar on Tuesday as heightened Middle East tensions strengthened the greenback, overshadowing better-than-expected German ZEW economic sentiment data.
ING: UK Fiscal Flexibility Weighs on Pound
ING strategist Francesco Pesole notes that the British Pound is under pressure after new UK Prime Minister Andy Burnham signaled flexibility on fiscal rules and appointed John Healey to a key role.
Silver Surges to $58.85 as Safe-Haven Demand Rises on Middle East Tensions
Silver (XAG/USD) rallied to around $58.85 on Tuesday, gaining 4.31% as heightened safe-haven demand followed escalating tensions in the Middle East.
US Tariff Shock Weighs on Canadian Dollar – BNY
BNY's Geoff Yu warns that new 50% US tariffs on selected Canadian goods represent a direct trade shock, with Washington citing unfair treatment and ruling out USMCA protections.
Euro Range-Bound vs Dollar Ahead of ECB – Scotiabank
The euro is trading in a tight low-1.14 range against the US dollar, with limited reaction to stronger ZEW data. Scotiabank notes stable short-term rates after a hawkish repricing support the euro.
GBP upside capped by fiscal uncertainty despite new Chancellor – BBH
Brown Brothers Harriman analyst Elias Haddad says the sell-off in gilts and GBP has stabilized after PM Andy Burnham appointed John Healey as Chancellor, but fiscal uncertainty continues to limit further gains against the US dollar.
Energy Shock Fails to Derail Emerging Market Growth Amid AI Boom
Despite the Iran conflict and Strait of Hormuz closure, emerging economies have avoided a crisis with only marginal slowdown and contained inflation.