Markets retreat as traders await Wednesday’s US inflation report, with technology stocks leading declines across major indices. US equities closed lower on Tuesday, with the Nasdaq Composite falling 0.60% as technology and growth shares underperformed. The S&P 500 and Dow
The Bank of England’s July rate decision saw three dissenters favoring a hike, up from two in June, lifting sterling despite weak UK data. GBP/USD trades near 1.3500, up roughly two cents since early August, despite a lack of supportive UK economic releases. The pair’s str
Coordinated currency intervention signals shifting global reserve dynamics amid yen volatility and dollar pressure. The U.S. and Japan jointly intervened in currency markets last week to support the yen, marking a rare coordinated effort to stabilize the Japanese currency.
Traders await Wednesday’s US inflation report, which may influence Federal Reserve rate decisions amid Middle East tensions and crude price gains. The euro remains nearly flat against the dollar at 1.1541, trading below its 100-day simple moving average of 1.1567. Investor
USD/CNH declines after weak US jobs data, pushing the yuan to levels last seen in 2021 amid controlled appreciation by policymakers. The Chinese yuan traded near its strongest levels in over three years against the US dollar after USD/CNH slipped following weaker-than-expe
Strategists expect the pair to trade between 1.2785 and 1.2815, with a break below 1.2765 needed for further declines. United Overseas Bank strategists forecast USD/SGD will remain in a tight intraday range after a modest rebound, with support at 1.2785 and resistance at 1
The Reserve Bank of Australia leaves the cash rate unchanged, citing slow progress toward its inflation goal. The Reserve Bank of Australia maintained its cash rate at 4.35% in a unanimous decision, aligning with market expectations. Policymakers noted inflation remains ab
The Reserve Bank of Australia kept rates steady but warned inflation may delay cuts until late 2027, with risks tilting toward another hike. The Reserve Bank of Australia left its cash rate unchanged at 4.35% in a unanimous decision, aligning with market expectations. Poli
Canadian negotiators aim to present a trade agreement to Trump by August 19 to avoid 50% tariffs on key exports. The USD/CAD pair retreated slightly as Canadian and U.S. trade officials intensified negotiations to secure a deal before an August 19 tariff deadline. Reports
Improved UK political risk perception and supportive yield spreads drive the pound toward multi-month highs against the dollar. The British pound (GBP) is consolidating near the top of its one-month and multi-month ranges, with resistance eyed around 1.3600 against the US
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