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Australian Dollar: Hot CPI supports carry and RBA risk – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports the Australian Dollar (AUD) is outperforming after hotter-than-expected July Consumer Price Index (CPI) data lifted Reserve Bank of Australia (RBA) rate hike expectations.
Swiss Franc: Weakness before renewed strength – Commerzbank
Commerzbank FX analyst Michael Pfister argues that the Swiss Franc (CHF) will stay under pressure through 2026 as markets gradually price out expectations of a Swiss National Bank (SNB) rate hike.
Euro holds upper hand against British Pound on diverging ECB-BoE expectations
EUR/GBP edges higher on Wednesday, though price action remains confined to the narrow range that has been in place since late July, largely between 0.8540 and 0.8580.
Japanese Yen: Intervention impact assessed – Rabobank
Rabobank's Senior FX Strategist Jane Foley reviews Japan’s FX intervention and its impact on USD/JPY.
US Dollar: Softer energy supports carry trades – ING
ING’s Chris Turner notes that lower Oil prices and the recent intervention by US Treasury Secretary Scott Bessent have pushed long-end US yields 10–15bp lower, reducing FX and equities volatility.
Indian Rupee poised for positive opening on Thursday amid lower oil prices
The Indian Rupee (INR) is expected to open on a positive note against the US Dollar (USD) on Thursday after a holiday on Wednesday on account of Id-e-Milad. On Tuesday, the USD/INR pair declined 0.35% to near 95.40 due to weaker oil prices, which also led to a sharp decline in US Treasury Yields.
Euro: ECB tightening outlook offers support against US Dollar - BNY
BNY's Geoff Yu highlights that European Central Bank (ECB) Executive Board member Isabel Schnabel sees further rate hikes as necessary, with Euro area inflation risks still tilted to the upside and growth more resilient than expected.
Japanese Yen treads water around 159.00 with US PCE Inflation on tap
The Japanese Yen (JPY) ticks higher against the US Dollar (USD) on Wednesday but keeps looking for direction, as investors bide their time, awaiting an array of key US macroeconomic releases due later on the day.
Australian Dollar: RBA tightening risks rise – TD Securities
TD Securities’ Prashant Newnaha highlights that Australia’s July Consumer Price Index (CPI delivered a strong inflation impulse, with headline and trimmed mean measures beating consensus and remaining uncomfortably high.
US Dollar Index: Range-bound consolidation as PCE looms – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes the US Dollar (USD) is firm, consolidating just above recent lows following the US Treasury buyback announcement.
Gold stays under pressure as US Dollar firms after PCE data
Gold (XAU/USD) remains under pressure on Wednesday as the latest US inflation figures leave buyers reluctant to step back in. At the time of writing, XAU/USD trades around $4,618 after reaching $4,697 on Tuesday, its highest since May 14.
United States MBA Mortgage Applications down to -1% in August 21 from previous -0.4%
United States MBA Mortgage Applications down to -1% in August 21 from previous -0.4%
GBP/USD Price Forecast: Hits fresh intra-week lows after failure at 1.3660 resistance
The British Pound (GBP) pares gains against the US Dollar (USD) on Wednesday, with bears testing the bottom of the intra-week trading range at the 1.3620 area, after failure to breach resistance at 1.3660.