Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Euro holds near recent lows as Fed interest rate decision looms
EUR/USD struggles for direction on Tuesday as traders avoid taking directional positions ahead of the Federal Reserve’s (Fed) interest-rate decision on Wednesday while closely monitoring US-Iran developments.
Euro: Pressured by softer ECB expectations – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight a softer Euro (EUR), with EUR/USD drifting toward the mid-1.13s and levels last seen in May 2025.
US CB Consumer Confidence Index eases to 90.8 in July
US consumer sentiment loses some momentum in July, as the Conference Board’s Consumer Confidence Index recedes to 90.8 from June’s 92.2 (revised from 91.2).
Why hot Australian inflation could reignite the Reserve Bank of Australia hike debate
The Australian Dollar (AUD) is balancing stickier-than-expected domestic inflation against broader global market volatility.
United States Richmond Fed Manufacturing Index below forecasts (10) in July: Actual (5)
United States Richmond Fed Manufacturing Index below forecasts (10) in July: Actual (5)
Swiss Franc: Weak performance tied to carry and Gold – TD Securities
TD Securities strategists argue that the Swiss Franc’s (CHF) underperformance since the February 2026 Iran shock reflects both low-yield carry dynamics and sensitivity to Gold prices.
Australian Dollar: RBA pause risk weighs on Aussie – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports that Australian Dollar (AUD) is underperforming after Reserve Bank of Australia (RBA) Governor Michele Bullock balanced a hawkish bias with a message of patience, noting easing domestic demand and labour conditions.
Canadian Dollar: Limited upside for CAD against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note USD/CAD is trading near fair value around 1.4115, with the Canadian Dollar (CAD) constrained by wide short-term rate differentials versus the Dollar.
British Pound: Political risks and BoE stance shape outlook – Rabobank
Rabobank's Senior FX Strategist Jane Foley discusses British Pound (GBP) prospects around UK welfare reform, shifting voter polls and the upcoming Bank of England (BoE) decision. Foley highlights how PM Burnham’s fiscal choices and intra-Labour tensions could affect gilts and the Pound.
United States Redbook Index (YoY) up to 8.3% in July 24 from previous 7.8%
United States Redbook Index (YoY) up to 8.3% in July 24 from previous 7.8%
Trump downplays escalation risks while warning Iran against breaking agreements
In an interview with Fox News, US President Donald Trump said that Pickaxe Mountain, an Iranian underground nuclear site, is not a big problem, adding that the United States (US) is now in a very strong position with Iran.
United States Housing Price Index (MoM) registered at 0.3% above expectations (0.2%) in May
United States Housing Price Index (MoM) registered at 0.3% above expectations (0.2%) in May
United States S&P/Case-Shiller Home Price Indices (YoY) registered at 1.6% above expectations (1.3%) in May
United States S&P/Case-Shiller Home Price Indices (YoY) registered at 1.6% above expectations (1.3%) in May