Market News
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Australian Dollar falls as Iran sanctions sour risk appetite, RBA minutes eyed
The Australian Dollar began the week on a lower note, trading with a 0.28% loss against the Greenback as risk appetite soured after the US Department of the Treasury imposed sanctions on Iran-linked entities. At the time of writing, the pair trades at 0.7159
Chinese Yuan: Targeting 6.7200 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a downside bias on USD/CNH after the pair dipped to 6.7180 and closed near 6.7210.
EUR/JPY Price Forecast: Bulls struggle at 187 amid intervention fears
The EUR/JPY trades horizontally on Monday as market participants remain reluctant to push the cross higher amid fears of potential intervention by Japanese authorities, even though they have remained shut following the coordinated action by the US and Japan.
GBP/JPY Price Forecast: 217.00 caps bulls as RSI stalls
The GBP/JPY consolidates near familiar levels around 217.00 on Monday, as risk aversion dominates markets, with flows moving into haven assets like the US Dollar and Gold amid uncertainty over the Middle East conflict.
South Korean Won: Rally faces consolidation risk on policy week – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note that South Korean Won (KRW) has extended its rally, with USD/KRW briefly touching 1380 on exporter and corporate US Dollar (USD) selling and a softer USD backdrop.
Record intervention bought the Japanese Yen three weeks
Dollar-Yen holds near 159.00 into the North American afternoon, marginally higher on the day inside a range of roughly three quarters of a Yen between the 158.50 area and a high short of 159.50.
EUR/USD Price Forecast: 1.1700 caps bulls as RSI overheats
The shared currency registers minimal losses of 0.13% versus the US Dollar as EUR/USD fails to surpass 1.1700, exacerbating the drop towards the 1.1660 area, despite retaining its current neutral-to-upward bias.
New Zealand Dollar muted near multi-month highs as it outweighs soft retail sales
The New Zealand Dollar (NZD) is holding firm against the US Dollar (USD) at the time of writing, with NZD/USD consolidating near its recent multi-month highs, just south of the 0.6000 handle.
British Pound Sterling climbs on a problem it has worse
Sterling holds just above 1.3600 into the North American afternoon, marginally lower on the day and inside a range of barely 35 pips, having printed a five-month high short of 1.3700 late last week.
Japanese Yen lower as US Dollar firms on heavier Iran sanctions
The US Dollar (USD) is grinding higher against the Japanese Yen (JPY) at the time of writing, with USD/JPY holding north of the 159.00 mark.
Singapore: National Day Rally focus – DBS
DBS Group Research economist Chua Han Teng reviews Prime Minister Lawrence Wong’s National Day Rally 2026, highlighting policy themes rather than markets.
South Korea Consumer Sentiment Index: 104.5 (August) vs previous 106.8
South Korea Consumer Sentiment Index: 104.5 (August) vs previous 106.8
Asia FX: Mixed central bank paths shape THB, KRW, PHP – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects the Bank of Thailand (BoT) to hold rates at 1.00%, leaving negative real yields that keep Thai Baht (THB) lagging. The Bank of Korea (BoK) is seen hiking again to 3.00%, supporting South Korean Won (KRW) as growth and inflation exceed targets.