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South Korea Service Sector Output: -1.3% (July) vs previous 0.7%
South Korea Service Sector Output: -1.3% (July) vs previous 0.7%
South Korean Won: BoK tightening supports KRW against US Dollar – Commerzbank
Commerzbank’s Charlie Lay reports that the Bank of Korea (BoK) delivered a second consecutive 25 bp hike to 3.0% and kept a tightening bias, supporting KRW after its sharp appreciation since June.
Vietnam: Exports and consumption stay robust – DBS
DBS Group strategists Taimur Baig and Nathan Chow forecast Vietnam’s goods exports to maintain strong double-digit growth at 27% year-on-year in August 2026, led by electronics and supported by external demand.
South Korean Won: BoK front-loading hikes as KRW consolidates – Commerzbank
Commerzbank’s Charlie Lay reports the Bank of Korea has delivered back-to-back 25bp hikes to 3.0%, front-loading tightening as growth and core inflation forecasts rise. The bank signals one more hike over six months but may pause to assess effects.
Philippine Peso: BSP tightening bias on inflation risks – DBS
DBS Group Research economists Radhika Rao and Chua Han Teng note that Bangko Sentral ng Pilipinas (BSP) raised its policy rate by 25 bps to 5.0% to anchor inflation expectations and support the Peso.
South Korean Won: Higher rates and chip boom support gains – ING
ING’s Chris Turner reports that the Korean Won (KRW) continues to advance, driven by back-to-back Bank of Korea (BoK) rate hikes to 3.00% and a Dot Plot pointing to 3.25% in six months.
Malaysian Ringgit: BNM seen on steady policy path – DBS
DBS Group strategists Taimur Baig and Nathan Chow expect Bank Negara Malaysia (BNM) to keep its Overnight Policy Rate unchanged at 2.75% on September 3, maintaining the stance adopted after its July 2025 insurance cut.
Mexican Peso tumbles as Warsh embarks on inflation fight
The Mexican Peso (MXN) depreciates against the US Dollar (USD) on Friday, down by over 0.42% on hawkish remarks by Federal Reserve (Fed) Chair Kevin Warsh at the Jackson Hole Symposium. This prompted investors to price in a potential rate hike in 2026, a tailwind for the Greenback.
Chinese Yuan: Undervaluation and export gains questioned – Commerzbank
Commerzbank’s Volkmar Baur challenges recent internal analysis on CNY undervaluation and exports, arguing that China’s exchange-rate management and gold purchases point to deliberate weakening.
United Kingdom CFTC GBP NC Net Positions rose from previous £-54.6K to £-44.5K
United Kingdom CFTC GBP NC Net Positions rose from previous £-54.6K to £-44.5K
Japan CFTC JPY NC Net Positions fell from previous ¥-52.9K to ¥-63.3K
Japan CFTC JPY NC Net Positions fell from previous ¥-52.9K to ¥-63.3K
Eurozone CFTC EUR NC Net Positions: €-36.4K vs €-59.1K
Eurozone CFTC EUR NC Net Positions: €-36.4K vs €-59.1K
United States CFTC S&P 500 NC Net Positions fell from previous $-10.6K to $-68K
United States CFTC S&P 500 NC Net Positions fell from previous $-10.6K to $-68K