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Fed's Paulson: Underlying inflation is too high
Anna Paulson, President of the Federal Reserve (Fed) Bank of Philadelphia, said in an interview with CNBC on Tuesday that underlying inflation remains too high and that monetary policy needs to stay mildly restrictive, adding that the current environment likely meets that description.
United States RealClearMarkets/TIPP Economic Optimism (MoM) registered at 45.1, below expectations (47.5) in August
United States RealClearMarkets/TIPP Economic Optimism (MoM) registered at 45.1, below expectations (47.5) in August
Australian Dollar climbs above 0.7000 as hopes of an Iran deal lift risk sentiment
AUD/USD trades around 0.7035 on Tuesday at the time of writing, up 0.50% on the day. The pair is supported by improving market sentiment after US Treasury Secretary Scott Bessent said that an agreement with Iran to reopen the Strait of Hormuz could be reached as soon as Tuesday or Wednesday.
United States: Growth impulse questioned – Standard Chartered
Standard Chartered analysts Dan Pan and Steve Englander discuss the Federal Reserve’s Financial Conditions Impulse on Growth (FCI-G) index, noting it was highly accommodative in May 2026 and still supportive after the July FOMC.
United States JOLTS Job Openings decline to 7.35 million in June
The number of job openings stood at 7.359 million in June, the US Bureau of Labor Statistics reported on Tuesday. This print followed the 7.537 million openings reported in May and came in slightly below the market expectation of 7.4 million.
United States JOLTS Job Openings came in at 7.359M below forecasts (7.4M) in June
United States JOLTS Job Openings came in at 7.359M below forecasts (7.4M) in June
United States Factory Orders (MoM) registered at -0.3%, below expectations (0.2%) in June
United States Factory Orders (MoM) registered at -0.3%, below expectations (0.2%) in June
United States Redbook Index (YoY) increased to 8.7% in July 31 from previous 8.3%
United States Redbook Index (YoY) increased to 8.7% in July 31 from previous 8.3%
US Dollar: Dip after FOMC but strength expected – HSBC
HSBC strategists discuss the US Dollar (USD) reaction to the July Federal Open Market Committee (FOMC) meeting, where the Federal Reserve (Fed) kept rates at 3.50-3.75% despite some dissent for a hike.
Canada S&P Global Manufacturing PMI came in at 53.5, above expectations (50.2) in July
Canada S&P Global Manufacturing PMI came in at 53.5, above expectations (50.2) in July
Canadian Dollar weakens as Oil prices slide on US-Iran deal hopes
USD/CAD reverses its earlier losses on Tuesday as falling Oil prices weigh on the commodity-linked Canadian Dollar (CAD) following comments from US Treasury Secretary Scott Bessent on US-Iran talks.
Japanese Yen: Intervention focus and Dollar supply - BNY
BNY’s Geoff Yu highlights ongoing market focus on Japanese Yen intervention, noting authorities stepped back from action overnight as Tokyo seeks to preserve its International Monetary Fund (IMF) free‑floating status.
New Zealand Dollar: Labor market soft, RBNZ hike eyed – TD Securities
TD Securities’ Australia/NZ macro team sees New Zealand Employment growth at 0.1% q/q in Q2, insufficient to match population gains. They expect the Unemployment Rate to rise to 5.4%, returning to its recent cycle high and aligning with the RBNZ’s May forecast.