Market news
Crypto, stocks, forex and macro, aggregated for traders.
USD/SGD Downward Bias Holds Within Tight Range – UOB
UOB analysts note that USD/SGD remained firm on Monday, closing at 1.2945 after trading between 1.2906 and 1.2950, with the SGD NEER standing 1.68% above its implied midpoint.
US Dollar Falls After Soft CPI, Oil and Gold Rally
The US Dollar Index dropped about 0.4% to 100.90 after weaker-than-expected inflation data, while oil and gold prices rallied.
Euro Strengthens as US Inflation Misses Expectations
EUR/USD rose to near 1.1420 on Tuesday after softer-than-expected US inflation data weighed on the US Dollar. The euro's recovery is primarily driven by broad dollar selling rather than Eurozone factors.
China’s Record Trade Surplus Supports Yuan, Commerzbank Says
Commerzbank’s Dr. Henry Hao highlights that China’s June trade surplus widened sharply as exports surged 27% and imports 36% year-on-year, driven by global AI infrastructure demand, providing a buffer for the yuan against the US dollar.
USD/CHF Drops 0.7% Below 0.8100 After US Inflation Report
USD/CHF fell 0.70% to 0.8091 on Tuesday as a cooler-than-expected US inflation report prompted traders to reduce hawkish Federal Reserve bets.
S&P Affirms Indonesia Ratings, Supports Rupiah but USD Caps Gains
S&P’s affirmation of Indonesia’s BBB/A-2 ratings with stable outlook is mildly supportive for the IDR, though gains remain limited against the US dollar.
US Dollar Index Slips as Soft CPI Dents Fed Rate-Hike Expectations
The US Dollar Index fell on Tuesday after weaker-than-expected inflation data led traders to reduce bets on an imminent Federal Reserve interest rate hike.
China Trade Data Surges on AI Demand, Deutsche Bank Says
China's trade data exceeded expectations in June, with exports and imports accelerating due to strong global AI and tech demand, according to Deutsche Bank strategists.
Aussie Dollar Price Forecast: Heading Toward 0.7000
The Australian Dollar has found tailwinds and appears to be resuming its move toward the 0.7000 level. The constructive outlook remains intact as long as it stays above the key 200-day moving average.
Yen Gains as Soft US CPI Dents Fed Hike Expectations
The Japanese Yen strengthened more than 0.31% against the US Dollar after a softer-than-expected US inflation report prompted traders to scale back hawkish Fed bets. USD/JPY traded at 161.93.
Silver Rises on Soft US Inflation Data, But Downside Risks Remain
Silver advanced on Tuesday after softer-than-expected US inflation data reduced expectations of a Fed rate hike, pushing the dollar lower. The metal trades near $58.50, up about 2%, though a downside bias persists.
AUD/USD Surges Above 0.6990 on Weak US Inflation
AUD/USD rallied sharply to near 0.6990, approaching the 0.7000 psychological level, after softer-than-expected US inflation data weighed on the US dollar.
Gold Recovers to $4,100 After Intraday Plunge
Gold rebounded sharply, recovering the $4,100 level after falling to a low of $3,983.85 as the US dollar reversed its earlier risk-aversion gains.
Canadian Dollar Hits Four-Week High on Soft US CPI and Higher Oil
The Canadian Dollar strengthened to its highest level in four weeks against the US Dollar, supported by softer US inflation data and rising oil prices amid heightened Middle East tensions.
NZD/USD Hits One-Month High as US CPI Misses Expectations
The New Zealand dollar surged to a one-month high against the US dollar after softer-than-expected US inflation data reduced the likelihood of a near-term Federal Reserve rate hike.
Japan’s Foreign Assets Could Be the Yen’s Long-Awaited Catalyst
The Japanese Yen remains weak near a 40-year high against the dollar, but a divergence in JGB yields from global rates may signal a turning point driven by Japan’s massive foreign asset holdings.
Canada Cyclical Rebound Expected by Q2 2026, BoC Steady - RBC
RBC economist Claire Fan forecasts a cyclical rebound for Canada's economy in Q2 2026, supported by household spending, business investment, and net exports, while the Bank of Canada maintains a steady stance.
Indonesian Rupiah Under Pressure, Hawkish BI Bias – Societe Generale
Societe Generale notes Bank Indonesia's reaction function is driven by IDR stability; the Rupiah faces pressure from a stronger USD and hawkish Fed pricing.
US CPI Shows Encouraging Disinflation; Fed Expected to Hold Rates Steady in 2026
Today's US inflation data marked a meaningful cooling from May, driven by lower oil prices after the US-Iran memorandum. The Fed is expected to keep rates unchanged in 2026 despite market bets.
Euro Jumps as Softer US CPI Cools Fed Rate-Hike Bets
EUR/USD snapped a two-day losing streak on Tuesday as softer-than-expected US inflation data weighed on the US Dollar and reduced expectations of a near-term Fed rate hike.
TD Securities: EU Has Key Ingredients for Stronger Growth
TD Securities analysts Julie Ioffe and James Rossiter say the European Union already has wealthy consumers, productive workers, deep private savings, and solid fiscal foundations that support stronger long-term growth.
NZD Top G10 Performer on RBNZ Hawkish Repricing – MUFG
The New Zealand Dollar leads G10 currency gains overnight, driven by a hawkish repricing of RBNZ rate expectations, according to MUFG's Lee Hardman.
US CPI Inflation Softens to 3.5% in June, Below Expectations
Annual US CPI inflation fell to 3.5% in June, below the market forecast of 3.8% and down from May's 3-year high of 4.2%, according to the Bureau of Labor Statistics.
ING: EUR/USD Rate Differential Supports Euro Amid Gulf Tensions
ING strategist Francesco Pesole notes that the EUR/USD short-term rate differential is currently supporting the Euro as Gulf tensions rise, aided by a recovery in EUR front-end rates.