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PBOC sets USD/CNY reference rate at 6.7928 vs. 6.7911 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7928 compared to the previous day's fix of 6.7911.
Tokyo can still afford to defend the Japanese Yen, just not for very long
The Japanese Yen trades a little firmer on Monday, with USD/JPY down 0.05% and sitting short of 164.00 after last week's high stalled a hundredth of a Yen beneath the figure.
The Australian Dollar stops trading commodities and starts trading one number
The Australian Dollar trades just beneath 0.7000 on Monday, up around 0.1%, having covered less than 30 pips between its session high and its session low. For the better part of a fortnight the market has tried to make something of the 0.7000 area and given up each time.
Britain's best data week of the summer sends British Pound Sterling to a four-week low
British Pound Sterling trades beneath 1.3300 against the Dollar on Monday, roughly 0.3% lower on the day and back at ground it last held in the opening days of July. It gets there at the end of the strongest run of British data since the spring, which is the part worth sitting with.
Singapore Dollar: MAS tightening underpins Singapore Dollar – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that USD/SGD is consolidating around 1.2900 after pulling back from near 1.3000, as the Monetary Authority of Singapore (MAS) unexpectedly tightened policy for a second consecutive meeting.
Trump urges Fed rate cuts as Gulf War ends, seen lowering prices
On Monday, late in the North American session, US President Donald Trump stated that there was a good inflation report recently, adding that costs were falling rapidly and that prices should drop significantly once the Gulf War ends.
Chinese Yuan: Rangebound trade against US Dollar guided by PBoC fix – OCBC
OCBC’s Sim Moh Siong and Christopher Wong expect USD/CNH to stay broadly rangebound near term, with the daily People's Bank of China (PBoC) fix clustered around 6.79 and acting as an anchor rather than a directional signal.
New Zealand Dollar holds after weak US durable goods data
NZD/USD trades near the 0.5790 area on Monday, struggling to extend its recovery despite modest weakness in the US Dollar (USD).
Singapore Dollar: Hawkish MAS supports SGD against US Dollar – MUFG
MUFG’s Lloyd Chan notes that the Monetary Authority of Singapore (MAS) delivered a second consecutive tightening by slightly increasing the Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) slope, reinforcing SGD resilience.
South Korea Consumer Sentiment Index increased to 106.8 in July from previous 106.6
South Korea Consumer Sentiment Index increased to 106.8 in July from previous 106.6
Indonesian Rupiah: Political risks temper valuation case – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports that the Indonesian Rupiah (IDR) and Jakarta equities underperformed after Bank Indonesia Governor Perry Warjiyo unexpectedly resigned two years before his term ends, raising concerns about political interference.
Japanese Yen: BoJ tightening yet weaker JPY against US Dollar – BNP Paribas
BNP Paribas strategists see Japan’s Gross Domestic Product (GDP) growth slowing to 0.8% in 2026 from 1.1% in 2025 as higher inflation and energy-related costs weigh on activity, partly offset by fiscal support and AI (Artificial intelligence) investment.
United States 2-Year Note Auction up to 4.315% from previous 4.189%
United States 2-Year Note Auction up to 4.315% from previous 4.189%