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BBH: Canadian CPI and US Tariffs Weigh on Loonie Outlook
BBH's Elias Haddad expects Canada’s July CPI to keep core inflation below 2%, reinforcing an extended Bank of Canada stance, while US tariffs add downside pressure on the Canadian dollar.
Polish Zloty Weighed by Slow NBP Hawkish Shift, Commerzbank Says
Commerzbank’s Tatha Ghose flags re-accelerating Polish headline and core inflation, with seasonally adjusted monthly rates above target, undermining earlier NBP rate-cut signals.
British Pound Hits Three-Month High Against Weaker Dollar
GBP/USD climbed to 1.3570, its strongest level in three months, as dollar longs were trimmed and Fed rate expectations turned more dovish.
EUR/USD Holds Eight-Week High as Dollar Weakens
EUR/USD begins the week near 1.1588, its strongest level in eight weeks, supported by dollar weakness after fresh US data revived doubts about US economic stability.
UOB sees downside bias for USD/JPY within 158.00–160.20
UOB strategist Quek Ser Leang notes choppy USD/JPY trading, with the pair near 159.30 and a downside bias in the 158.00–160.20 range.
RBNZ Expected to Hold Rates in September on Softer Inflation
Commerzbank’s Volkmar Baur says softer New Zealand inflation makes a September rate hike by the Reserve Bank of New Zealand unlikely.
New Zealand Dollar Climbs to Two-Month High Past 0.5900
NZD/USD reached the 0.5920 area, its strongest level since early June, as a softer US dollar offset weak Chinese data.
AUD/USD Climbs Past 0.7100 to Highest Since June 5
The Australian dollar extended gains against a broadly weaker US dollar, breaking above 0.7100 despite soft Chinese data.
GBP/USD uptrend intact toward 1.3600 cap, UOB says
UOB's Quek Ser Leang sees GBP/USD keeping its uptrend after a break above 1.3555, with 1.3600 as the next firm resistance.
OCBC: Intervention risk caps yen losses as BoJ hike odds rise
OCBC strategists say September Bank of Japan hike expectations have increased sharply, but the yen has responded only modestly and may need clearer policy commitment to recover further.
Euro tests one-week highs versus sterling near 0.8550
EUR/GBP is trading around 0.8550 and testing one-week highs as the euro holds minor gains against the pound for a third straight day.
Canadian Dollar Faces Data and Tariff Risks, TD Securities Says
TD Securities expects Canadian headline CPI at 2.9% year-on-year for July and core at 1.85%, while flagging potential US Section 338 tariffs on Canadian exports as a key risk for the loonie.
Canadian Dollar Firms as USD/CAD Slides Toward 1.3860
USD/CAD traded near 1.3860 in early European hours Monday as the US dollar gave up ground against the Canadian dollar amid scaled-back Fed rate-hike bets, with CPI data ahead.
Pound Supported by UK Data, But Sustained USD Gains Limited
Brown Brothers Harriman's Elias Haddad says improving UK disinflation and solid Q2 GDP should support sterling against the dollar and euro, while sustained cable upside may be capped.
Gold holds recovery as weak US data dampens Fed tightening bets
Softer US retail sales, weaker consumer confidence, and easing inflation signals are reducing expectations for tighter Federal Reserve policy and supporting gold's recovery.
Commerzbank Sees BOJ Rate Pressure Supporting Cautious Yen Strength
Commerzbank’s Volkmar Baur says solid nominal growth and higher-than-expected inflation should keep pressure on the Bank of Japan to raise rates again, possibly as early as September.
Silver Nears $66 as Softer US Dollar Supports XAG/USD
Silver is trading firmly on Monday, with XAG/USD approaching $66.00 after rebounding from the $63.50 area.
Sweden Inflation Expectations in Focus Before Riksbank
Swedish inflation expectations are the domestic focus ahead of the Riksbank, while US August data include the NY Fed manufacturing PMI and NAHB housing index.
Pound holds above 1.3550 as softer US data cools Fed bets
GBP/USD traded near 1.3555 in early European hours after softer US data reduced expectations for Federal Reserve rate hikes.
Indonesian Rupiah strengthens as USD/IDR extends losses
USD/IDR declined for a second straight day, trading near 17,820 in Asian hours on Monday as the rupiah gained support from Prabowo's growth target and a softer US dollar.
Pepperstone’s CCO and UK CEO Rob Bowen Departs after Seven Years
Pepperstone's Chief Commercial Officer and UK CEO Rob Bowen has left the broker after more than seven years, though he will stay on in an advisory role until year-end.
USD/JPY struggles near 159.00, vulnerable below 50% Fibo
USD/JPY is attracting sellers at the start of the week, trading below the 159.00 level in Asian hours with the pair viewed as vulnerable below the 50% Fibonacci retracement.
Euro rallies to two-month high as dollar struggles on reduced Fed hike bets
EUR/USD extended its bounce from the 1.1500 area for a third straight session, reaching a two-month high as reduced Fed rate-hike expectations pressured the dollar.
AUD/JPY edges above 113.00 as weak Japan GDP softens yen
AUD/JPY traded higher near 113.00 in early European hours as the yen weakened after weaker-than-expected Japanese GDP data, with the bullish bias intact above the 100-day SMA.