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Yen Advances as Falling Treasury Yields Pressure Dollar
The Japanese yen extended its intraday gains on Wednesday as a slide in longer-term US Treasury yields triggered fresh dollar selling, pushing USD/JPY toward 158.47.
Commerzbank sees downside risks for Thai baht stability
Commerzbank expects the Bank of Thailand to keep its policy rate at 1.0%, while rising commodity prices and foreign outflows pose downside risks for the baht.
RBA Keeps Hawkish Bias as Inflation Concerns Persist
The Reserve Bank of Australia remains worried about inflation, and Deputy Governor Andrew Hauser said further rate hikes cannot be ruled out, according to BNY's Geoff Yu.
Dollar Index Slips as US Treasury Doubles Long-Dated Debt Buybacks
The US Dollar Index came under renewed selling pressure on Wednesday after the Treasury Department expanded its buyback program for long-dated debt, sending longer-term Treasury yields sharply lower.
South Korean Won's Growth-Driven Recovery Offers Policy Lesson, ING Says
ING's Chris Turner highlights how earlier portfolio outflows and a weaker won drove USD/KRW to 1560 in June, despite a large current account surplus.
China Yuan Support Eyed as July Data Show Growth Slowdown
Commerzbank analysts say weaker July industrial production and retail sales in China highlight fading momentum, putting policy support in focus for the yuan.
Euro hits June highs as falling Treasury yields pressure US dollar
EUR/USD climbed sharply on Wednesday to its highest level since June as the US dollar came under selling pressure following the US Treasury's buyback announcement.
Rabobank flags shallow AUD/USD uptrend risk into next year
Rabobank strategist Jane Foley notes AUD/USD is under pressure, with the Australian dollar the weakest G10 currency on a one-day view, while the bank still expects one more RBA rate hike.
Gold Spot Tests 0.618 Resistance Arc on 2-Hour Chart
XAU/USD is pressing against the 0.618 resistance arc on the 2-hour chart, with Arc Cycle Analysis pointing to a possible breakout toward the next resistance.
AUD/JPY Turns Lower After Five-Wave Advance, Breaks Channel Support
AUD/JPY has reversed lower after a five-wave advance, breaking channel support this week and opening the door to a deeper ABC correction.
Bank Indonesia Holds Rate at 5.75% to Prioritize Rupiah Stability
UOB economist Enrico Tanuwidjaja notes Bank Indonesia kept its benchmark rate at 5.75% in August, with a stability-focused stance on the rupiah and macro-financial conditions.
BNY: Euro supported by resilient domestic demand
BNY’s Geoff Yu says resilient domestic demand is supporting the euro, while noting ECB President Christine Lagarde’s warning on Europe’s eroding post-war growth model.
Yen Firms as Dollar Retreats Ahead of FOMC Minutes
USD/JPY slipped to around 159.10 on Wednesday as the US dollar lost momentum and pulled back toward this week's June lows.
Bank Indonesia Holds Rates, Societe Generale Sees Rupiah Support
Bank Indonesia left its benchmark rate at 5.75% and kept deposit and lending facility rates unchanged, a move Societe Generale analysts say reinforces rupiah stability and supports the currency.
Silver Steadies Near $63 as Inflation Risks Limit Rebound
Silver (XAG/USD) is trading near $63.45, up 0.16% on Wednesday, after falling to an intraday low of $62.19.
Sterling Resilient on Carry Appeal as BoE Stays on Hold, ING Says
ING's Chris Turner says sterling remains supported by carry appeal after July UK CPI had limited impact on EUR/GBP.
UK CPI Headline Surprises, Underlying Trend Still Softening
UK inflation data delivered a headline shock in European trading, even as the underlying trend continued to ease. Fed minutes were also on the calendar.
Australian Dollar Ticks Up From Intraweek Lows With Fed Minutes in Focus
The Australian dollar recovered against the US dollar on Friday, moving away from this week's lows while traders await Federal Reserve meeting minutes.
Australian Dollar Slips as Wage Data Backs RBA Hold
The Australian dollar is underperforming as softer wage growth reinforces expectations that the RBA will stay on hold, according to BBH.
USD/JPY Range-Bound Around 159.53 as Yen Gives Back Some Intervention Gains
USD/JPY is consolidating near 159.53 after the yen traded sideways for more than a week and gave back roughly half of its joint intervention-driven gains.
Brazil Real Seen Facing Election Risks Before Renewed Gains
Commerzbank analysts see near-term election risks for Brazil's real, followed by renewed gains as hawkish central bank policy and high real rates support the currency.
Euro Extends Gains Against Pound as Eurozone Inflation Accelerates
The euro is strengthening against the British pound, supported by Eurozone final inflation data that confirmed higher price pressures.
BoJ Hawkish Pivot Reshapes Yen Outlook Against Dollar
Standard Chartered strategists now expect the Bank of Japan to deliver its next 25 basis point rate hike in September rather than October, and see the terminal rate reaching 1.75%.
USD/CAD bears target 1.3850 after rejection at 1.3900
USDCAD is facing renewed downside after a rejection near 1.3900, with sellers looking toward 1.3850 support as higher oil prices and a US-Canada tariff pause support the loonie.