Market News
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New Zealand Dollar dips, but RBNZ hike bets provide safety net
NZD/USD retreats to around 0.5940 on Wednesday at the time of writing, down 0.60% on the day. The New Zealand Dollar (NZD) loses ground against the US Dollar (USD), which finds some support following the release of the latest United States (US) inflation data.
Russia Industrial Output came in at 0.4% below forecasts (0.7%) in July
Russia Industrial Output came in at 0.4% below forecasts (0.7%) in July
Silver Price Forecast: Buyers struggle below the 100-day SMA
Silver (XAG/USD) comes under selling pressure on Wednesday as the US Dollar (USD) strengthens following the latest United States (US) inflation data. At the time of writing, XAG/USD trades around $67.79, down nearly 1.26% on the day.
Polish Zloty: Policy divergence weighs on PLN against Euro – ABN AMRO
ABN AMRO’s Georgette Boele highlights that EUR/PLN has risen as interest rate expectations diverge between the Eurozone and Poland.
Australian Dollar stumbles as hot Australian CPI runs into a firmer US Dollar
AUD/USD is trading around 0.7170 on Wednesday, down slightly after a hot Australian inflation print ran straight into a firmer US Dollar.
Taiwan: AI boom sustains exceptional growth – Commerzbank
Commerzbank’s Dr. Henry Hao and Charlie Lay underscore that Taiwan’s industrial production and exports are surging on AI and high-performance computing demand. July manufacturing output and export orders point to Q3 GDP growth around 12–12.5% year-on-year, after 12.9% in Q2.
Canadian Dollar falls despite Oil gains as trade tensions take center stage
USD/CAD rises 0.30% on Wednesday, trading around 1.3880 at the time of writing.
United States EIA Heating Oil Stocks Change climbed from previous -0.537M to 0.027M in August 21
United States EIA Heating Oil Stocks Change climbed from previous -0.537M to 0.027M in August 21
United States EIA Distillate Stocks Change down to -2.228M in August 21 from previous -1.53M
United States EIA Distillate Stocks Change down to -2.228M in August 21 from previous -1.53M
United States EIA Gasoline Stocks Change fell from previous 0.688M to -2.536M in August 21
United States EIA Gasoline Stocks Change fell from previous 0.688M to -2.536M in August 21
United States EIA Crude Oil Stocks Change came in at 0.095M, below expectations (1.9M) in August 21
United States EIA Crude Oil Stocks Change came in at 0.095M, below expectations (1.9M) in August 21
Canada: Trade shock and GDP drag – TD Securities
TD Securities’ Robert Both analyzes the impact of new Section 338 US tariffs and Canada’s retaliation on the Canadian economy. The report estimates the combined measures will trim about 0.3 percentage points from GDP by 2027, with growth effects concentrated in late 2026.
Japanese Yen reverses earlier gains as US Dollar firms after PCE data
The Japanese Yen (JPY) gives up its earlier gains against the US Dollar (USD) on Wednesday as traders react to the latest United States (US) inflation data. At the time of writing, USD/JPY trades around 159.41, recovering from an intraday low of 158.88.