The Australian dollar rises 0.4% to 0.7115, fueled by softer US data reducing Fed rate hike bets for September. AUD/USD climbed to its highest level in 10 weeks, trading near 0.7115 and up 0.4% on the day. The move is driven by broad-based US dollar weakness, as recent US
Scotiabank strategists Shaun Osborne and Eric Theoret note British Pound (GBP) is underperforming core European peers but has still reached a three‑month high against the US Dollar (USD). They see markets as cautious ahead of a heavy United Kingdom (UK) data calendar inclu
Chinese industrial production growth slowed more than expected in July but remains relatively resilient compared with other domestic indicators. According to ING’s Lynn Song, Chinese industrial production growth slowed more than expected in July but remains relatively resi
Commerzbank’s Volkmar Baur notes that the US Dollar (USD) has weakened against the Euro (EUR) as markets steadily scale back expectations for further Federal Reserve (Fed) tightening relative to other G10 central banks. Since December, higher US rate expectations have supp
The NZDUSD is trading higher by around 0.50% on the day at 0.5919, with buyers maintaining the upper hand after the pair shifted its short-term technical bias to the upside late last week. On Friday, the price moved back above both its 100-hour moving average at 0.5872 and
TD Securities strategists note that money managers sharply increased long Gold exposure as modest inflation, soft United States (US) employment data and expectations that the Federal Reserve (Fed) will not hike rates this year weigh on the US Dollar (USD). Some investors s
Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is firming as Eurozone economic resilience and narrowing yield spreads versus the US support EUR/USD. Short-term technicals are described as bullish, with intraday and daily momentum positive and t
Royal Bank of Canada (RBC) economists Abbey Xu and Nathan Janzen note that Canadian inflation rose to 3% year-over-year in July, mainly on higher energy costs, while underlying measures like CPI-trim and CPI-median stayed near the 2% target. They see limited pass-through f
The USDCHF spent most of the latter part of last week trading above its 200-hour moving average, with the price largely holding that support from Tuesday onward. There were brief dips below the moving average on Wednesday and again on Friday, but both breaks were modest an
Alphabet is looking to raise about A$5 billion ($3.6 billion) in its debut bond offering in Australia, according to Bloomberg, as U.S. tech companies continue to tap debt markets to fund artificial intelligence spending. Bloomberg, citing unnamed sources, reported that ini
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