Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
United States 5-Year Note Auction down to 4.393% from previous 4.408%
United States 5-Year Note Auction down to 4.393% from previous 4.408%
British Pound retreats as sticky PCE inflation keeps Fed hike bets alive
The Pound Sterling (GBP) retreats about 0.39% on Wednesday as the US Dollar (USD) stages a recovery after a US inflation report showed prices remain elevated, keeping the chances of a Federal Reserve (Fed) rate hike toward the end of the year.
Euro firms against British Pound on hopes of a Hormuz deal
EUR/GBP is trading around 0.8570 on Wednesday, on the front foot as hopes of a de-escalation in the Gulf hand the Euro (EUR) a modest lift.
Reserve Bank of Australia: Preemptive hike debate intensifies – TD Securities
Prashant Newnaha at TD Securities notes that the RBA’s August minutes were overall less hawkish than June, but still emphasized upside inflation risks and the possibility of preemptive tightening.
New Zealand Dollar dips, but RBNZ hike bets provide safety net
NZD/USD retreats to around 0.5940 on Wednesday at the time of writing, down 0.60% on the day. The New Zealand Dollar (NZD) loses ground against the US Dollar (USD), which finds some support following the release of the latest United States (US) inflation data.
Russia Industrial Output came in at 0.4% below forecasts (0.7%) in July
Russia Industrial Output came in at 0.4% below forecasts (0.7%) in July
Polish Zloty: Policy divergence weighs on PLN against Euro – ABN AMRO
ABN AMRO’s Georgette Boele highlights that EUR/PLN has risen as interest rate expectations diverge between the Eurozone and Poland.
Australian Dollar stumbles as hot Australian CPI runs into a firmer US Dollar
AUD/USD is trading around 0.7170 on Wednesday, down slightly after a hot Australian inflation print ran straight into a firmer US Dollar.
Taiwan: AI boom sustains exceptional growth – Commerzbank
Commerzbank’s Dr. Henry Hao and Charlie Lay underscore that Taiwan’s industrial production and exports are surging on AI and high-performance computing demand. July manufacturing output and export orders point to Q3 GDP growth around 12–12.5% year-on-year, after 12.9% in Q2.
Canadian Dollar falls despite Oil gains as trade tensions take center stage
USD/CAD rises 0.30% on Wednesday, trading around 1.3880 at the time of writing.
United States EIA Gasoline Stocks Change fell from previous 0.688M to -2.536M in August 21
United States EIA Gasoline Stocks Change fell from previous 0.688M to -2.536M in August 21
Canada: Trade shock and GDP drag – TD Securities
TD Securities’ Robert Both analyzes the impact of new Section 338 US tariffs and Canada’s retaliation on the Canadian economy. The report estimates the combined measures will trim about 0.3 percentage points from GDP by 2027, with growth effects concentrated in late 2026.
Neither a confirmed hike nor a guaranteed pause: Why the Australian Dollar is climbing toward 0.7200
The Australian Dollar (AUD) is outperforming across global FX markets following higher-than-expected Consumer Price Index (CPI) data for July, which sharply lifted expectations for additional Reserve Bank of Australia (RBA) interest-rate hikes.Â