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Australian Dollar: Hot CPI supports carry and RBA risk – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports the Australian Dollar (AUD) is outperforming after hotter-than-expected July Consumer Price Index (CPI) data lifted Reserve Bank of Australia (RBA) rate hike expectations.
Swiss Franc: Weakness before renewed strength – Commerzbank
Commerzbank FX analyst Michael Pfister argues that the Swiss Franc (CHF) will stay under pressure through 2026 as markets gradually price out expectations of a Swiss National Bank (SNB) rate hike.
Euro holds upper hand against British Pound on diverging ECB-BoE expectations
EUR/GBP edges higher on Wednesday, though price action remains confined to the narrow range that has been in place since late July, largely between 0.8540 and 0.8580.
Japanese Yen: Intervention impact assessed – Rabobank
Rabobank's Senior FX Strategist Jane Foley reviews Japan’s FX intervention and its impact on USD/JPY.
Euro: ECB tightening outlook offers support against US Dollar - BNY
BNY's Geoff Yu highlights that European Central Bank (ECB) Executive Board member Isabel Schnabel sees further rate hikes as necessary, with Euro area inflation risks still tilted to the upside and growth more resilient than expected.
Japanese Yen treads water around 159.00 with US PCE Inflation on tap
The Japanese Yen (JPY) ticks higher against the US Dollar (USD) on Wednesday but keeps looking for direction, as investors bide their time, awaiting an array of key US macroeconomic releases due later on the day.
Australian Dollar: RBA tightening risks rise – TD Securities
TD Securities’ Prashant Newnaha highlights that Australia’s July Consumer Price Index (CPI delivered a strong inflation impulse, with headline and trimmed mean measures beating consensus and remaining uncomfortably high.
United States MBA Mortgage Applications down to -1% in August 21 from previous -0.4%
United States MBA Mortgage Applications down to -1% in August 21 from previous -0.4%
GBP/USD Price Forecast: Hits fresh intra-week lows after failure at 1.3660 resistance
The British Pound (GBP) pares gains against the US Dollar (USD) on Wednesday, with bears testing the bottom of the intra-week trading range at the 1.3620 area, after failure to breach resistance at 1.3660.
USD/CAD Price Forecast: Approaches 20-day EMA on the back of US-Canada trade dispute
The US Dollar (USD) trades 0.2% higher at around 1.3870 against the Canadian Dollar (USD) during the European trading session on Wednesday. The Loonie pair strengthens as the Canadian Dollar underperforms due to trade tensions between the United States (US) and Canada.
Japanese Yen: BoJ hike expectations support JPY against US Dollar – MUFG
MUFG’s Derek Halpenny notes the Japanese Yen is firmer versus most G10 currencies as markets increasingly price a Bank of Japan rate hike in September.
Australian Dollar: Watching 0.7200 resistance against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note AUD/USD extended its consolidation slightly higher, closing at 0.7165 as short-term momentum improves.
Hungarian Forint: Recovery tied to euro entry story – ING
ING’s Chris Turner reports that the National Bank of Hungary cut its policy rate by 25bp to 5.50%, with Chief Economist Peter Virovacz seeing a 4.75% terminal rate.