Market News
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Chinese Yuan: Measured RMB appreciation with two-way risks â OCBC
OCBC Bank strategists Sim Moh Siong and Christopher Wong highlight that USD/CNH has edged higher alongside a broader US Dollar (USD) rebound and firmer US Treasury yields, while the People's Bank of China (PBoC) continues to prefer a gradual appreciation path.
Australian Dollar gains on hawkish RBA outlook, Warsh speech in focus
The Australian Dollar (AUD) outperforms its major peers on Thursday, buoyed by hawkish Reserve Bank of Australia (RBA) expectations after Australian inflation data released on Wednesday surprised to the upside. A softer US Dollar (USD) provides additional support.
United States 7-Year Note Auction increased to 4.512% from previous 4.473%
United States 7-Year Note Auction increased to 4.512% from previous 4.473%
EUR/USD Price Forecast: Buyers remain in charge above the 200-day SMA
EUR/USD is virtually unchanged on Thursday, with price action settling into consolidation after the pair climbed to a three-month high of 1.1711 earlier this week.
United States 4-Week Bill Auction climbed from previous 3.64% to 3.65%
United States 4-Week Bill Auction climbed from previous 3.64% to 3.65%
British Pound slips on solid US jobless claims as Fed hawks lift USD
The Pound Sterling (GBP) registers back-to-back bearish days on Thursday, down about 0.05% against the US Dollar (USD) after economic data showed the labor market remains solid, while investors eye Federal Reserve (Fed) speakers at the Jackson Hole Symposium.
Japanese Yen remains fragile ahead of Tokyo CPI, Warshâs Jackson Hole speech
USD/JPY trades in a narrow range below 160 on Thursday, with neither side able to build strong momentum. The US Dollar (USD) is struggling to extend Wednesdayâs recovery, while persistent weakness in the Japanese Yen (JPY) continues to keep the pair supported.
Thailand: Stable policy anchors short-end yields â DBS
DBS Group Research economist Chua Han Teng expects the Bank of Thailand (BoT) to keep its policy rate at 1.00% through 2026, following the unanimous decision on August 26 to stay on hold.
United States Kansas Fed Manufacturing Activity remains at 17 in August
United States Kansas Fed Manufacturing Activity remains at 17 in August
Chinese Yuan: Structural export drivers outweigh CNY â Commerzbank
Commerzbankâs Michael Pfister examines whether the weaker CNY explains Chinaâs rising export market share. Using bilateral real exchange rates across major partners, he finds no systematic link between CNY moves and market share gains, including in advanced sectors like electric cars.
Fed's Hammack says ânowâ is the time to tackle inflation
Cleveland Federal Reserve (Fed) President Beth Hammack crossed the wires on CNBC on Thursday as the Jackson Hole Symposium begins.
United States EIA Natural Gas Storage Change registered at 15B, below expectations (19B) in August 21
United States EIA Natural Gas Storage Change registered at 15B, below expectations (19B) in August 21
European Central Bank: September hike prospects strengthen â Nordea
Nordeaâs Jan von Gerich argues that the European Central Bank remains focused on upside inflation risks and is likely to continue tightening policy.