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Risk-On Sentiment Builds as Dollar Weakness Supports Equities
The US dollar remains under pressure while the S&P 500, Nasdaq and DAX advance amid improving risk appetite.
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.
Kurdistan PM Condemns Attacks as Dangerous Escalation
The prime minister of Iraq's Kurdistan Region strongly condemned recent attacks, saying they are a reckless escalation and a direct threat to regional stability.
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.
First Published MiCA Case Sees Bitpanda Fined EUR 70,000 in Austria
Austria's FMA fined Bitpanda GmbH €70,000 for MiCAR violations tied to late white paper filing and marketing disclosure gaps, marking its first published MiCAR penalty decision.
Dutch Cyber Agency Warns of Mac Screen Sharing Cryptojacking
The Netherlands' National Cyber Security Centre has identified a new Mac attack vector via Screen Sharing that lets hackers take full control and install Monero miners. US CISA rates the risk 9.8 out of 10.
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.
The5ers' LATAM Push: Saul Lokier Moves to an Internal Mexico-Based Role
The5ers CEO Saul Lokier has transitioned to General Manager for LATAM and is relocating to Mexico, while the prop firm has yet to name a successor.
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.
China July Retail Sales Rise Just 0.6%, Missing Forecasts
China's retail sales grew 0.6% year-over-year in July, below the 1.5% expected and slower than the 1.0% increase in June, according to National Bureau of Statistics data.
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.
Deutsche Bank: Mixed Global Equities as Asian Benchmarks Advance
Deutsche Bank strategists see a mixed global equity picture, with Japanese and Chinese benchmarks rising while US futures were also highlighted.
Sweden final July CPIF-XE confirmed at 0.60%, CPIF revised to 0.73%
Sweden’s final July CPIF-XE matched the flash estimate at 0.60%, while CPIF was revised slightly lower to 0.73% from 0.75%.
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.