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Mexican Peso Gains as Risk Appetite Improves, Weighs on USD
The Mexican Peso rose over 0.22% against the US Dollar as improved risk appetite followed the end of two days of US-Iran tensions. USD/MXN traded at 17.54.
Yen Eyes BoJ Decision and Key Resistance vs USD – Scotiabank
Scotiabank strategists note the yen trading in line with G10 peers, with focus on June PPI data and the July 31 Bank of Japan meeting. Key resistance zone against the US dollar is in focus.
GBP/USD Edges Higher on Dollar Weakness, Starmer Resignation
GBP/USD traded slightly higher as the US dollar failed to gain traction, with sentiment improving after UK Prime Minister Keir Starmer's resignation, according to Scotiabank strategists.
Guide to Prop Trading: Rules, Risks and Choosing a Firm
An educational article breaks down how prop trading accounts work, the risks involved, and tips for selecting the right firm.
USD/SGD Range Bias Holds Above 1.2890 – UOB
United Overseas Bank notes that USD/SGD's mild downward pressure has eased, with the pair expected to trade between 1.2920 and 1.2960 intraday and 1.2890–1.2990 over the next 1–3 weeks.
Pound Recovery Tests Key Resistance Against Dollar – Scotiabank
The British Pound is slightly higher against the US Dollar as sentiment improves following PM Starmer’s resignation, according to Scotiabank strategists Osborne and Theoret.
Taiwan Dollar Weakness Tempered by CBC Guidance on USD Sell Orders
Taiwan's central bank has directed banks to execute large USD sell orders immediately, helping to moderate the TWD's recent losses against the US dollar, according to OCBCOCBC's Christopher Wong.
Societe Generale: Korean Won outperforms in Asia on flows and BoK
Societe Generale strategists note the Korean Won has become Asia's best performer in early H2, rallying nearly 2.8% as USD/KRW drops from around 1,550.
Chinese Yuan Forecast Band Tightened as Stability Holds – ING
ING's Chief Economist Lynn Song notes that the CNY has been one of the strongest performers in 2026, even against a firm US Dollar, as the forecast band tightens.
Swiss Franc Gains on Fed Policy Divisions and US-Iran Tensions
USD/CHF extends its decline for a second consecutive day, trading around 0.8065, pressured by a weaker US dollar amid Fed policy divisions and rising US-Iran tensions.
Euro Gains on Hawkish ECB Repricing, Yields Support – Scotiabank
The Euro edged higher against the US Dollar, supported by a repricing of ECB policy expectations toward a more hawkish stance and recovering yield differentials, according to Scotiabank strategists.
New Zealand Dollar Jumps to Three-Week High After Hawkish RBNZ Rate Hike
NZD/USD rallied 1% on Thursday, extending its second consecutive day of gains after the Reserve Bank of New Zealand delivered a hawkish rate hike. A softer US dollar also supported the pair.
Japanese Yen Rises as US Jobless Claims Fail to Support US Dollar
USD/JPY traded lower near 162.30 on Thursday as the Japanese Yen recovered ground, while the US Dollar failed to gain support from stronger-than-expected US labor market data.
US Dollar Index Falls as Middle East Calm Cools Inflation Fears
The US Dollar Index (DXY) dipped 0.14% to 100.93 as easing Middle East tensions lower oil prices and reduce hawkish Fed bets spurred by energy-driven inflation.
Commerzbank: BoK Likely to Hike 25bp to 2.75% on Inflation
Commerzbank strategist Charlie Lay argues that elevated South Korean inflation supports a 25 basis point rate hike by the Bank of Korea to 2.75%.
BNY: Tariff Pass-Through Sustains Inflation Pressure, Impacting USD and Fed
A BNY report citing the New York Fed's Liberty Street Economics analysis indicates that many US firms still plan tariff-related price increases, keeping inflation pressures persistent, which has implications for the US dollar and Federal Reserve policy.
AUD/USD Rises to 0.6940 as US Dollar Weakens Despite Geopolitical Tensions
The Australian Dollar edged higher against the US Dollar on Thursday, trading around 0.6940 with a 0.16% gain, supported by a softer greenback amid ongoing geopolitical concerns.
Canadian Dollar Steadies, Sentiment Improves on Reduced Risks – Scotiabank
The Canadian Dollar is flat on Thursday but modestly firmer against the US Dollar for the week, according to Scotiabank strategists. They note improving sentiment as risks fade.
GBP/USD Rises Near 1.3400 Despite Stronger US Jobless Claims, Hawkish FOMC
GBP/USD traded higher near the 1.3400 area on Thursday, as the US dollar failed to find support from stronger-than-expected jobless claims data and hawkish signals from the latest FOMC meeting.
DBS Warns of Upside Risk for SGD Rates as USD Holds Firm
DBS Group Research economist Eugene Leow warns that shorter-term Singapore Dollar (SGD) rates may face upside pressure despite recent flush liquidity, noting stretched spreads and decoupling from USD rates.
USD/CNH Seen Trading in 6.7950-6.8100 Range as Upward Momentum Fades – UOB
UOB's Quek Ser Leang notes that USD/CNH upward momentum has faded after a prior rise, with the pair expected to consolidate within a narrow 6.7950-6.8100 range in the near term.
EUR/USD Holds Gains Near 1.1444 on USD Weakness, Geopolitical Tensions
EUR/USD trades around 1.1444, up 0.25% on the day, supported by a softer US Dollar and ongoing geopolitical risks in the Middle East.
South Korean Won Gains on Flow-Driven Support – OCBC
The South Korean Won strengthens against the US dollar, with USD/KRW dropping below 1,500 on offshore fund repatriation and official sector flows, according to OCBC's Christopher Wong.
Canadian Dollar Stays Range-Bound as Oil Drop, Weaker USD Offset
USD/CAD trades around 1.4170 on Thursday, virtually unchanged, as weakness in the US Dollar offsets the negative impact of lower oil prices on the Canadian Dollar.