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Pound Sterling's six-month high has no British test this week
GBP/USD trades near 1.3650 late on Tuesday, August 25, up around a tenth of a percent on a session that has covered barely 33 pips between a floor just above 1.3600 and a ceiling a shade over 1.3650.
Singapore Dollar: Consolidation risk after recent gains against US Dollar – OCBC
OCBC’s Sim Moh Siong and Christopher Wong expect USD/SGD to consolidate as earlier Singapore Dollar (SGD) gains face a modest US Dollar (USD) rebound and position unwinding ahead of United States (US) core Personal Consumption Expenditures (PCE) Price Index data and Jackson Hole.
Australia’s CPI inflation declines to 3.5% YoY in July vs. 3.2% forecast
Australia’s Consumer Price Index (CPI) rose by 3.5% year-over-year (YoY) in July, compared to a 3.8% growth reported in June, the latest data published by the Australian Bureau of Statistics (ABS) showed on Wednesday.
South Korea BOK Manufacturing BSI down to 81 in September from previous 82
South Korea BOK Manufacturing BSI down to 81 in September from previous 82
GBP/JPY Price Forecast: Bulls hold 217.00 after trendline break
The GBP/JPY surpassed a downtrend resistance line and reclaimed the 217.00 level on Tuesday, as the Japanese Yen weakened while Sterling pushed to a new three-week high at 217.48. At the time of writing, the cross-pair trades at 217.31, up 0.20%.
Mexican Peso holds below 16.95 as traders eye US data, Iran shift
The Mexican Peso holds firm near 10-year highs against the US Dollar on Tuesday, as the USD/MXN pair sits below the 16.95 level while investors digest US economic data and recent developments between the US and Iran. The exotic pair trades at 16.94, virtually unchanged.
Thai Baht: Bullish bias against US Dollar faces BoT sensitivity – OCBC
OCBC’s Sim Moh Siong and Christopher Wong highlight that Thai Baht (THB) has rallied to a two‑month high on softer US Dollar (USD), lower Oil prices, strong electronics exports and Gold-related flows.
Chinese Yuan: Bullish bias with focus on 6.7000 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a negative stance on USD/CNH, noting a softened underlying tone even as recent price action stayed relatively quiet. Intraday, they see scope for a modest drift lower while keeping 6.7150 as key support.
New Zealand Dollar climbs to fresh highs amid timid US Dollar
NZD/USD climbed to around 0.5980 Tuesday, near its highest level since June 1 as a softer US Dollar (USD) and firm Reserve Bank of New Zealand (RBNZ) rate-hike expectations powered the Kiwi higher.
Singapore Dollar: Range-bound consolidation outlook against US Dollar – Commerzbank
Commerzbank’s Charlie Lay and Dr. Henry Hao note that USD/SGD has eased from 1.2800 to around 1.2700 as the softer US Dollar (USD) and global risk sentiment dominate.
US Treasury yields fall as Hormuz progress eases inflation fears
US yields edge lower across the whole curve on Tuesday, following suit.
South Korean Won: Strength backed by tech flows against US Dollar – Societe Generale
Societe Generale analysts highlight that the Korean Won (KRW) has gained 12% versus the Dollar year-to-date, with USD/KRW falling from around 1560 in June to below 1380.
Chinese Yuan: Trade risks limit gains against US Dollar – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note that reports of potential US tariffs on Chinese goods and the PBoC’s resistance to rapid Renminbi (RMB) gains are likely to limit further downside in USD/CNH.