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Canadian Dollar: Tariff headlines but range intact against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Canadian Dollar (CAD) is slightly softer, tracking broader USD gains and weaker Oil, while USD/CAD trades almost exactly at their fair value estimate near 1.3862.
Swiss Franc falls against US Dollar as headline PCE inflation tops forecasts
The Swiss Franc (CHF) weakens against the US Dollar (USD) on Wednesday as the Greenback attracts buyers following the release of the latest United States (US) inflation data. Traders also remain attentive to developments in the Middle East.
United States 5-Year Note Auction down to 4.393% from previous 4.408%
United States 5-Year Note Auction down to 4.393% from previous 4.408%
British Pound retreats as sticky PCE inflation keeps Fed hike bets alive
The Pound Sterling (GBP) retreats about 0.39% on Wednesday as the US Dollar (USD) stages a recovery after a US inflation report showed prices remain elevated, keeping the chances of a Federal Reserve (Fed) rate hike toward the end of the year.
Dow Jones Industrial Average ignores a revision made of inflation
The Dow Jones Industrial Average (DJIA) trades a shade beneath 53,500 and roughly 100 points lower in the session on Wednesday, after a 12:30 GMT data drop the wires filed as uneventful.
Euro firms against British Pound on hopes of a Hormuz deal
EUR/GBP is trading around 0.8570 on Wednesday, on the front foot as hopes of a de-escalation in the Gulf hand the Euro (EUR) a modest lift.
Reserve Bank of Australia: Preemptive hike debate intensifies – TD Securities
Prashant Newnaha at TD Securities notes that the RBA’s August minutes were overall less hawkish than June, but still emphasized upside inflation risks and the possibility of preemptive tightening.
New Zealand Dollar dips, but RBNZ hike bets provide safety net
NZD/USD retreats to around 0.5940 on Wednesday at the time of writing, down 0.60% on the day. The New Zealand Dollar (NZD) loses ground against the US Dollar (USD), which finds some support following the release of the latest United States (US) inflation data.
Russia Industrial Output came in at 0.4% below forecasts (0.7%) in July
Russia Industrial Output came in at 0.4% below forecasts (0.7%) in July
Silver Price Forecast: Buyers struggle below the 100-day SMA
Silver (XAG/USD) comes under selling pressure on Wednesday as the US Dollar (USD) strengthens following the latest United States (US) inflation data. At the time of writing, XAG/USD trades around $67.79, down nearly 1.26% on the day.
Polish Zloty: Policy divergence weighs on PLN against Euro – ABN AMRO
ABN AMRO’s Georgette Boele highlights that EUR/PLN has risen as interest rate expectations diverge between the Eurozone and Poland.
Australian Dollar stumbles as hot Australian CPI runs into a firmer US Dollar
AUD/USD is trading around 0.7170 on Wednesday, down slightly after a hot Australian inflation print ran straight into a firmer US Dollar.
Taiwan: AI boom sustains exceptional growth – Commerzbank
Commerzbank’s Dr. Henry Hao and Charlie Lay underscore that Taiwan’s industrial production and exports are surging on AI and high-performance computing demand. July manufacturing output and export orders point to Q3 GDP growth around 12–12.5% year-on-year, after 12.9% in Q2.