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Japanese Yen: Heading back toward 160 against US Dollar â Commerzbank
Volkmar Baur at Commerzbank notes that the Japanese Yen has weakened again above 159 per Dollar despite recent intervention and Bank of Japan signals.
Australian Dollar: RBA softens hawkish stance â BBH
Brown Brothers Harrimanâs (BBH) Elias Haddad reports the Reserve Bank of Australia (RBA) delivered a less hawkish hold, keeping rates at 4.35% and judging policy âsomewhat restrictiveâ as the labor market has eased more than expected.
United States ADP Employment Change 4-week average fell from previous 15K to 8.25K in July 18
United States ADP Employment Change 4-week average fell from previous 15K to 8.25K in July 18
Mexico Industrial Output (YoY) came in at 1.7%, above forecasts (1.1%) in June
Mexico Industrial Output (YoY) came in at 1.7%, above forecasts (1.1%) in June
Mexico Industrial Output (MoM) below forecasts (0.3%) in June: Actual (0.2%)
Mexico Industrial Output (MoM) below forecasts (0.3%) in June: Actual (0.2%)
Brazil IPCA Inflation above forecasts (0.03%) in July: Actual (0.07%)
Brazil IPCA Inflation above forecasts (0.03%) in July: Actual (0.07%)
Swiss Franc holds below 0.8100 US Dollar with US-Iran negotiations deadlocked
The Swiss Franc trades practically flat against the US Dollar (USD) on Tuesday, consolidating halfway through last weekâs trading range.
GBP/USD Price Forecast: Holds Descending Triangle breakout
The GBP/USD pair trades marginally lower at around 1.3500 during the European trading session on Tuesday.
Japanese Yen: Wider range with intervention support against US Dollar â HSBC
HSBC strategists discuss the sharp post-intervention drop following coordinated action by Japanâs Ministry of Finance and the US Treasury. They argue that joint intervention is more effective than unilateral moves but unlikely to change the broader trend without improved Japanese fundamentals.
South Africa Manufacturing Production Index (YoY) rose from previous -4.3%Â to -1.7% in June
South Africa Manufacturing Production Index (YoY) rose from previous -4.3%Â to -1.7% in June
Euro treads water against US Dollar as traders await US CPI
EUR/USD trades around 1.1535 on Tuesday at the time of writing, posting a modest 0.06% decline on the day.
United States NFIB Business Optimism Index registered at 99.8 above expectations (97.5) in July
United States NFIB Business Optimism Index registered at 99.8 above expectations (97.5) in July
Australian Dollar: RBA keeps door open â Rabobank
Rabobank's Senior Macro Strategist Bas van Geffen reports that the Australian Dollar (AUD) slipped briefly after the RBA left its policy rate unchanged, as markets interpreted the statement and downgraded growth and inflation forecasts as dovish.