Market News
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Euro bulls remain on the sidelines as USD gains on US-Iran tensions and inflation fears
The EUR/USD pair kicks off the new week on a softer note, though it lacks follow-through selling, warranting caution before positioning for an extension of the pullback from a nearly four-week high touched last Wednesday.
China PBoC Interest Rate Decision meets expectations (3%)
China PBoC Interest Rate Decision meets expectations (3%)
Australian Dollar softens below 0.7000 as US–Iran conflicts escalate
The AUD/USD pair edges lower to around 0.6975 during the early Asian session on Monday. The Australian Dollar (AUD) extends the decline below the 0.7000 psychological level due to escalating tensions in the Middle East.Â
United Kingdom Rightmove House Price Index (YoY) rose from previous -0.5%Â to -0.4% in July
United Kingdom Rightmove House Price Index (YoY) rose from previous -0.5%Â to -0.4% in July
United Kingdom Rightmove House Price Index (MoM) declined to -1% in July from previous -0.6%
United Kingdom Rightmove House Price Index (MoM) declined to -1% in July from previous -0.6%
New Zealand Trade Balance NZD (MoM) declined to $23M in June from previous $800M
New Zealand Trade Balance NZD (MoM) declined to $23M in June from previous $800M
New Zealand Trade Balance NZD (YoY): $-3.74B (June) vs previous $-3.36B
New Zealand Trade Balance NZD (YoY): $-3.74B (June) vs previous $-3.36B
New Zealand Imports fell from previous $8.08B to $8.07B in June
New Zealand Imports fell from previous $8.08B to $8.07B in June
New Zealand Exports: $8.09B (June) vs previous $8.88B
New Zealand Exports: $8.09B (June) vs previous $8.88B
US launches airstrikes to ‘swiftly punish’ Iran for deaths of US troops
The United States (US) has launched the ninth night of Iran strikes. Washington said that airstrikes on Sunday aimed to "punish" Iran over the first US military deaths since renewed hostilities with Tehran, Bloomberg reported.Â
Chinese Yuan: Consolidation holds upside bias against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CNH is currently consolidating in a narrow range around 6.77. In their 1–3 week view, they maintain a downside bias toward 6.7600 as long as strong resistance at 6.7820 remains intact.
South Korea: Faster hiking path – DBS
DBS Group Research economist Ma Tieying analyzes the latest Bank of Korea (BoK) decision, noting a hawkish shift as the base rate is raised to 2.75%. The report now anticipates a faster tightening cycle, with the policy rate reaching 3.25% by year-end 2026.
China: Stagnation to persist as growth model shifts – Commerzbank
Commerzbank’s Dr. Henry Hao argues China’s housing market remains in structural stagnation five years after the Evergrande crisis. National prices follow an L-shaped path, with a K-shaped divergence between Tier-1 and lower-tier cities.