Market news
Crypto, stocks, forex and macro, aggregated for traders.
China's July services PMI drops to 50.4, missing 53.7 forecast
The ReadingDog Services PMI fell to 50.4 in July from 54.1 in June, well below the expected 53.7.
Yen Gains on Strong Wage Data, Hawkish BoJ Minutes as USD Softens
The Japanese yen firmed against the dollar in Asian trading, buoyed by upbeat domestic wage data and hawkish Bank of Japan meeting minutes, while the US currency remained under pressure.
PBOC sets USD/CNY fix lower at 6.7889
The People's Bank of China fixed the mid-point at 6.7889 per dollar, down from Wednesday's 6.7917, guiding the yuan slightly stronger.
Treasury’s Bessent: Yen Weakness Risks Broader Asian FX Depreciation
US Treasury Secretary Scott Bessent cautioned that the weakened Japanese yen is fueling Japan’s inflation and could trigger a wider depreciation of Asian currencies, including the won and yuan.
Rubio Signals Progress in US-Iran Talks on Strait of Hormuz
US Secretary of State Marco Rubio indicated that discussions with Iran and Oman showed progress, but a final deal has not yet been reached.
BoJ Board Members Highlight Upside Inflation Risks in June Minutes
Bank of Japan board members expressed firm focus on upside inflation risks during the June policy meeting, according to the minutes released Thursday.
NZD/USD Drops Below 0.5900 as NZ Jobless Rate Hits Decade High
The New Zealand dollar weakened against the US dollar, falling below the 0.5900 handle to trade near 0.5875, after domestic unemployment data climbed to its highest level in a decade.
EUR/JPY Rebound Stalls Below 200-Day SMA as Yen Intervention Looms
EUR/JPY snapped a three-day losing streak with a modest 0.56% gain, but the recovery ran out of steam below the 200-day simple moving average amid joint US-Japanese FX intervention.
New Zealand Unemployment Rate Rises to 5.6% in Q2, Beating Expectations
New Zealand's unemployment rate climbed to 5.6% in the second quarter, above the 5.4% forecast and up from 5.3% in Q1, data from Statistics New Zealand showed.
Japan and U.S. Coordinated Forex Intervention to Support Yen
Japan and the United States reportedly coordinated an intervention in foreign exchange markets to support the yen, according to a social media post. Details of the intervention remain undisclosed.
NZD/USD Climbs Ahead of New Zealand Employment Data
The New Zealand dollar advanced against the US dollar on Wednesday, trading near 0.5886 as markets await key employment data from New Zealand.
USD/CHF Breaks Trendline Support, 50-Day SMA Comes into Focus
The US dollar weakened on Tuesday as improved risk appetite pushed USD/CHF lower by 0.16%, breaking a key trendline and bringing the 50-day simple moving average into view.
UOB Sees Yuan Strengthening Toward 6.7300 Against Dollar
United Overseas Bank analysts expect the offshore yuan to extend gains in the coming weeks, with USD/CNH potentially sliding to 6.7300 as long as resistance at 6.7640 holds.
Vietnam Dong Stable as July Inflation Eases to 4.5% Despite Trade Gap
Commerzbank notes Vietnam’s dong remains stable even as the trade deficit widened to $3.6 billion. July inflation slowed to 4.5% year-on-year, staying near the central bank’s target.
etoro and Papaya Global Partner to Link Workers’ Pay to Investing
eToro and Papaya Global launched etoro work, connecting paychecks directly to investing. The service aims to make salary the start of wealth-building, covering bonuses, stock options, RSUs and benefits.
Pound Steady Near 1.3450 as Cable Sees Another Sub-40 Pip Day
GBP/USD trades around 1.3450, up 0.11%, in a 36-pip range, marking the second consecutive session with less than 40 pips movement.
USD/SGD downside bias fades after dip to 1.2790, says UOB
UOB analyst Quek Ser Leang notes that the recent downward pressure on USD/SGD has eased following a brief decline to 1.2790 and the subsequent bounce.
Mexican Peso Hits One-Month High on Hormuz Deal Hopes
The Mexican peso rallied to a one-month high on Tuesday, driven by speculation that US-Iran talks could reopen the Strait of Hormuz and ease global inflation pressures.
GBP/USD Range Trade with Upside Risk, Says Scotiabank
Scotiabank’s FX strategy team sees the British pound trading in a range against the US dollar with modest upside risk, as GBP/USD hovers around its long-term moving averages.
USD/JPY Rebounds Capped by 200-day SMA After Intervention-Led Selloff
USD/JPY traded modestly higher on Tuesday despite a softer US dollar, as the impact of recent intervention faded. The pair faced resistance at the 200-day simple moving average.
UOB: Indonesia’s Trade Deficit Narrowed in June 2026
UOB economists note that Indonesia’s June 2026 trade deficit narrowed as stronger non-oil and gas exports partly offset rapid import growth.
Scotiabank Flags Bullish Signals for Canadian Dollar vs US Dollar
Scotiabank analysts note bullish signals for the Canadian dollar, expecting gains against the US dollar as CAD has lagged peers despite a softer USD and improving Canadian data.
Pound recovers as soft US jobs data and falling oil pressure the dollar
The British Pound edged higher on Tuesday, gaining 0.14% against the US Dollar, as weaker-than-expected JOLTS figures and a decline in oil prices weighed on the greenback.
Euro Holds Above 1.1500 on Hormuz Hopes, Soft US Jobs Data
The euro remained firm above the 1.1500 level against the dollar on Tuesday, supported by optimism over the possible reopening of the Strait of Hormuz and softer US jobs figures.