Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
India Industrial Output above forecasts (5.6%) in June: Actual (7.3%)
India Industrial Output above forecasts (5.6%) in June: Actual (7.3%)
India Manufacturing Output up to 7.8% in June from previous 5.5%
India Manufacturing Output up to 7.8% in June from previous 5.5%
Australian Dollar underperforms after RBA Bullock’s remarks on economy
The Australian Dollar (AUD) is down against its major currency peers, trading 0.35% lower at around 0.6965 against the US Dollar (USD) during the European trading session on Tuesday.
Japanese Yen stays range-bound as Fed, BoJ seen on hold but hawkish
USD/JPY trades around 163.90 on Tuesday at the time of writing, up 0.11% on the day, as investors remain cautious ahead of the Federal Reserve’s (Fed) monetary policy decision on Wednesday and the Bank of Japan’s (BoJ) policy announcement on Friday.
Indonesian Rupiah: Leadership change at BI sustains rupiah pressure – Commerzbank
Commerzbank’s Moses Lim argues that Bank Indonesia Governor Perry Warjiyo’s surprise resignation, following earlier high-profile departures, heightens concerns over policy continuity and institutional credibility as the Indonesian Rupiah (IDR) trades near historic lows versus the US Dollar (USD).
Singapore Dollar: MAS surprise tightening supports SGD – HSBC
HSBC’s Abhilash Narayan notes that the Monetary Authority of Singapore (MAS) unexpectedly tightened policy on 27 July 2026 by raising the Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) slope to 1.25%.
Australian Dollar: Risk-off and RBA tone weigh on Aussie – MUFG
MUFG’s Lee Hardman reports the Australian Dollar (AUD) has been the worst performing G10 currency overnight despite being the best performer year-to-date.
Swiss Franc: SNB on hold view boosts funding role – ING
ING’s Chris Turner highlights a Bloomberg source story suggesting the Swiss National Bank (SNB) may keep its policy rate at 0.00% until end-2027, aligning with ING’s own forecast.
Italy Trade Balance non-EU down to €2.55B in June from previous €3.843B
Italy Trade Balance non-EU down to €2.55B in June from previous €3.843B
Polish Zloty: Political fragmentation clouds zloty outlook – Commerzbank
Commerzbank’s Tatha Ghose highlights that Poland’s Law and Justice party has split, with Mateusz Morawiecki forming Development Plus and polling above the Sejm threshold.
Forex Today: US Dollar shows resilience ahead of Fed meeting
Here is what you need to know on Tuesday, July 28:
Swiss Franc weakens on easing safe-haven demand, US tariffs
USD/CHF continues its winning streak for the seventh successive day, trading around 0.8190 during the European hours on Tuesday.
Indonesian Rupiah drops as Bank Indonesia shakeup
USD/IDR extends gains for the second successive day, trading around 18,130 during the early European hours on Tuesday. The currency pair appreciates as the Indonesian Rupiah (IDR) faces pressure following the surprise resignation of Bank Indonesia (BI) Governor Perry Warjiyo on Monday.