Market News
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Singapore Dollar: Volatility widens range-trading band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD has retreated sharply after last week’s spike, but downside momentum remains limited.
Mexican Peso holds near 17.00 as US-Iran strikes weigh on Peso
The Mexican Peso (MXN) erases some of its earlier gains against the US Dollar (USD) on Tuesday as the US and Iran launched successive strikes against each other, souring risk appetite and weighing on the emerging market currency. The USD/MXN pair trades at 16.99, virtually unchanged.
India: Growth outlook revised higher – Standard Chartered
Standard Chartered strategists Anubhuti Sahay and Saurav Anand revise their FY27 Gross Domestic Product (GDP) growth forecast to 7.2% from 6.6% following a robust Q1-FY27 print and strong high-frequency indicators.
China: Trade imbalances and weak demand – Rabobank
Rabobank strategists highlight growing pressure on China’s trade model as US-led restrictions target links with Iran and Venezuela.
United States Treasury yields read Iran strikes as inflation
The 10-year Treasury yield trades near 4.79%, roughly four basis points higher and at its highest level since January 2025, in a fifth consecutive session of selling.
Hungary: Growth strengthens but structural limits remain - ING
ING economists Peter Virovacz and Zoltán Homolya see Hungary on a gradual but constrained growth path after Gross Domestic Product (GDP) rose 0.5% QoQ and 1.7% YoY in the second quarter.
New Zealand GDT Price Index down to 0.9% from previous 2.3%
New Zealand GDT Price Index down to 0.9% from previous 2.3%
Explosions in Iran renew Hormuz war fears – Iran International
Iran International reported on Tuesday explosions in Chabahar, Bandar Abbas and other Iranian cities near the Strait of Hormuz.
United States 52-Week Bill Auction: 3.98% vs 3.88%
United States 52-Week Bill Auction: 3.98% vs 3.88%
New Zealand Dollar struggles to rebound despite softer US data
NZD/USD trades around 0.5900 on Tuesday at the time of writing, down 0.24% on the day. The New Zealand Dollar (NZD) remains under pressure against the US Dollar (USD), which holds onto modest gains despite the release of mixed United States (US) economic data.
Australian Dollar trades cautiously as Fed and RBA rate hike bets clash
AUD/USD trades with a modest downside bias on Tuesday as softer-than-expected United States (US) economic data fail to generate sustained selling pressure on the US Dollar (USD).
Germany: Coalition risks and reform hurdles – Commerzbank
Commerzbank’s Dr. Ralph Solveen analyzes how the Saxony-Anhalt election and two subsequent votes in Berlin and Mecklenburg-Western Pomerania could strain Germany’s CDU/CSU–SPD coalition.
British Pound stalls as mixed US data keeps Fed hawkish bets alive
The Pound Sterling (GBP) trades sideways versus the US Dollar (USD) on Tuesday after mixed US economic data, with manufacturing activity dipping in August, while a strong jobs market backs Federal Reserve (Fed) Chair Kevin Warsh's hawkish tilt. The GBP/USD pair trades at 1.3540, down a modest 0.06%.