Market News
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Canada's Loonie meets another 50% tariff
USD/CAD trades just above the 1.4100 handle into the North American afternoon, up around a fifth of one percent and on track for a second consecutive daily advance.
Singapore Dollar: AI exports support SGD against US Dollar – Commerzbank
Commerzbank’s Moses Lim and Dr. Henry Hao note that Singapore’s June non-oil domestic exports (NODX) growth moderated to 20.7% year-on-year but remained strong, with electronics exports surging on AI-related semiconductor demand.
Indonesian Rupiah: Tentative stabilisation with key levels against US Dollar – OCBC
OCBC’s Sim Moh Siong and Christopher Wong see USD/IDR easing modestly from recent highs, helped by S&P’s rating affirmation and Bank Indonesia’s prior tightening. However, elevated Oil prices, lingering fiscal concerns and still-soft portfolio inflows limit further IDR gains.
Singapore Dollar: Range-bound trading holds near-term against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang expects USD/SGD to stay confined to tight ranges in the near term, with intraday price action lacking clear momentum.
South Korean Won: Reform-driven support for won – Commerzbank
Commerzbank’s Dr. Henry Hao and Moses Lim highlight that the South Korean government has unveiled a major South Korean Won (KRW) internationalisation roadmap, including unlimited KRW transactions with foreign institutions from January 2027 and broader access to onshore markets.
British Pound: Fiscal shield tests gilt and FX credibility – BNY
BNY’s Geoff Yu argues that Prime Minister Andy Burnham’s removal of Value Added Tax (VAT) on household electricity is a test of the United Kingdom’s (UK) fiscal protection strategy.
British Pound drops as geopolitical risk premium revives USD
The Pound Sterling loses some ground against the US Dollar, down by 0.48%, as risk appetite in the foreign exchange markets deteriorates, with the Greenback reclaiming key technical levels in the US Dollar Index (DXY) amid the escalation of the US-Iran conflict.
USD/CHF Price Forecast: Buyers hold the upper hand above 0.8000
USD/CHF edges higher as escalating tensions in the Middle East support the US Dollar (USD), with buyers eyeing a breakout above the 0.8150 resistance level that has capped gains since July 2025. At the time of writing, the pair trades around 0.8123, up 0.27% on the day.
India: Weather-driven inflation risks – Standard Chartered
Standard Chartered Bank economist Saurav Anand highlights rising inflation risks for India as deficient monsoon rains and persistent El Niño threaten food output. The report notes sowing is down and reservoir levels are low, with pulses, vegetables, sugar and oilseeds most exposed.
USD/JPY climbs above 163.00 for the first time since 1986
USD/JPY trades higher near 163.00 on Tuesday after briefly reaching 163.04, marking its first move above the 163.00 level since December 1986. The US Dollar (USD) remains supported by safe-haven demand as investors assess renewed Middle East tensions and rising Oil prices.
Australian Dollar retreats from a monthly high
AUD/USD trades lower near the 0.7010 area on Tuesday, although the pair has retreated from its four-week high. The Australian Dollar (AUD) remains above the psychological 0.7000 level as softer United States (US) economic data limits demand for the US Dollar (USD).
New Zealand GDT Price Index climbed from previous -4.9% to 1.5%
New Zealand GDT Price Index climbed from previous -4.9% to 1.5%
Euro slips as war boosts US Dollar despite upbeat ZEW surveys
EUR/USD edges lower on Tuesday as the US Dollar (USD) strengthens amid continued strikes between the US and Iran. At the time of writing, the pair trades around 1.1405, hovering near one-week lows.