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Silver price falls as stronger US PMI reinforces hawkish Fed expectations
Silver (XAG/USD) trades around $57.20 at the time of writing on Monday, down 0.73% on the day, after a strong US manufacturing report reinforced expectations that the Federal Reserve (Fed) will maintain a restrictive monetary policy.
Euro pares gains as traders seek clarity on US-Iran talks, Fed monetary policy
EUR/USD trades in a narrow range on Monday as traders await clarity on US-Iran negotiations, while signs of stabilization in the US Dollar following the recent intervention-led weakness cap the Euro’s upside.
Turkish Lira: Trade data underline external pressures – Commerzbank
Commerzbank’s Tatha Ghose analyses Turkey’s June trade figures, highlighting a 26.2% year-on-year widening of the trade deficit to USD 10.4 billion. While exports and imports both rebounded after May’s holiday distortions, imports are running stronger than exports.
Latin America: Duration favored over carry – BNY
Geoff Yu at BNY sees Brazil and Mexico operating in a more comfortable policy environment after the Fed decision, with anchored United States (US) front-end yields supporting emerging-market duration.
Taiwan: Growth stays strong as normalization begins – DBS
DBS Group Research economist Ma Tieying notes Taiwan’s 2Q GDP growth slowed to 12.9% year-on-year from 14.5% in 1Q, but remained solid on a quarterly basis.
United States Construction Spending (MoM) below forecasts (0.2%) in June: Actual (-0.1%)
United States Construction Spending (MoM) below forecasts (0.2%) in June: Actual (-0.1%)
United States ISM Manufacturing Prices Paid above expectations (70.3) in July: Actual (71.1)
United States ISM Manufacturing Prices Paid above expectations (70.3) in July: Actual (71.1)
United States ISM Manufacturing New Orders Index rose from previous 56Â to 56.7 in July
United States ISM Manufacturing New Orders Index rose from previous 56Â to 56.7 in July
United States ISM Manufacturing PMI came in at 55.6, above forecasts (54) in July
United States ISM Manufacturing PMI came in at 55.6, above forecasts (54) in July
United States ISM Manufacturing Employment Index up to 52.8 in July from previous 49.7
United States ISM Manufacturing Employment Index up to 52.8 in July from previous 49.7
Hong Kong: Growth seen moderating – UOB
UOB’s Ho Woei Chen notes that Hong Kong’s Gross Domestic Product (GDP) growth slowed to 4.3% year-on-year in 2Q26, with a 0.6% quarterly contraction after a strong start to 2026. Goods exports remain robust, but consumption and investment growth have moderated.
China: Growth momentum softens again – Standard Chartered
Standard Chartered economists Hunter Chan and Shuang Ding argue that China’s July data likely showed weaker momentum, with official PMIs for manufacturing, services and construction all below 50 and at multi-year lows.
United States S&P Global Manufacturing PMI came in at 53.9, above forecasts (53.8) in July
United States S&P Global Manufacturing PMI came in at 53.9, above forecasts (53.8) in July