Market News
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Swiss Franc advances after recent sell-off, SNB in focus
USD/CHF extends its pullback on Monday after climbing to 0.8263 last week, its highest level since May 2025.
Japanese Yen: Intervention risk high as 160 seen possible against US Dollar – ING
ING’s Francesco Pesole notes that a reported Bank of Japan rate check briefly pushed USD/JPY below 157.0 and suggests authorities may focus on the pace of moves rather than a specific level.
Japanese Yen slides as Fed hawkishness, intervention fears grow
USD/JPY extends its advance on Monday and trades around 157.45 at the time of writing, up 0.36% on the day.
Colombia Trade Balance declined to $-2797.8M in July from previous $-2.161M
Colombia Trade Balance declined to $-2797.8M in July from previous $-2.161M
Euro struggles against US Dollar as hawkish Fed outlook weighs
EUR/USD trades with a downside bias on Monday as the US Dollar holds near recent highs, supported by expectations of additional Federal Reserve (Fed) interest rate hikes. Developments in the Middle East also remain in focus.
Oil: Tightness turning critical – Societe Generale
Societe Generale strategists Michael Haigh and Jeremy Sellem argue that global Oil product markets have shifted from tight to critical. They link East-West pipeline disruptions, Russian outages, elevated freight and low inventories to structurally constrained supply.
United States: Midterm outcomes and policy paths – NBC
National Bank of Canada (NBC) strategist Angelo Katsoras analyzes how the 2026 United States (US) midterm elections could reshape policy under President Trump. He notes Democrats are favoured by high inflation, weak approval ratings and a strong generic ballot lead.
Euro steadies vs British Pound as German political uncertainty, PMIs cap direction
EUR/GBP trades around 0.8575 on Monday at the time of writing, virtually unchanged on the day. The Euro (EUR) struggles to regain bullish momentum against the British Pound (GBP), as political concerns in Germany partly offset support from falling Oil prices.
Indian Rupee: AI imports add pressure against US Dollar – Standard Chartered
Standard Chartered economists Anubhuti Sahay and Saurav Anand highlight that India’s AI-enabling goods trade deficit has become the second-largest contributor to the country’s trade gap after Oil, overtaking Gold.
Gold: CTA whipsaws but support holds – TD Securities
TD Securities’ commodity strategists report that CTAs (Commodity Trading Advisors) have reversed recent Gold buying, yet emphasize that discretionary investors continue to support the metal.
Canadian Dollar remains under pressure as hawkish Fed contrasts with steady BoC
USD/CAD holds firm near the 1.4000 psychological mark on Monday as the Federal Reserve’s (Fed) hawkish outlook and widening US-Canada interest-rate differentials keep the Canadian Dollar (CAD) on the back foot.
US Dollar: Oil-driven support as Fed seen hiking – ING
ING strategist Francesco Pesole notes the Dollar remains supported as ING now expects the Fed to deliver one final rate hike in December. Despite near-term upside risks for the Dollar, ING keeps a gradually negative longer-term view and anticipates lower energy prices in Q4.
United States Chicago Fed National Activity Index : -0.04 (August) vs -0.08
United States Chicago Fed National Activity Index : -0.04 (August) vs -0.08