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United States 4-Week Bill Auction increased to 3.64% from previous 3.625%
United States 4-Week Bill Auction increased to 3.64% from previous 3.625%
Bessent wants bigger bond buybacks, but markets barely blink
United States (US) Treasury Secretary Scott Bessent said on Thursday that the Treasury could increase bond buybacks beyond $4 billion, partly to signal that current yields do not reflect underlying economic fundamentals. He stressed that interest rates have nothing to do with the buyback decision.
Indonesia: Rupiah stability supports BI pause – DBS
DBS Group Research economist Radhika Rao notes Bank Indonesia (BI) kept its policy rate at 5.75% with Acting Governor Destry maintaining a neutral bias while flagging global risks. A strong domestic growth print and Indonesian Rupiah (IDR) stability underpin the decision.
British Pound: Sustained break above 1.3650 may open 1.41 – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note that GBP/USD gains into the mid-1.36s are driven more by US Dollar (USD) weakness than intrinsic British Pound (GBP) strength, though United Kingdom (UK) survey data show improving manufacturing orders and pricing power.
EUR/GBP eases from intraday highs as traders eye dual flash PMIs
EUR/GBP trades near the 0.8560s zone, having drifted steadily lower from near the 0.8585 area after failing to hold its push higher. The cross is down 0.15% in Thursday's American session with traders squaring up ahead of a data-heavy Friday.
South Korean Won: Leads Asia FX on tech support – MUFG
Lloyd Chan at MUFG highlights that the Korean Won has outperformed regional peers, helped by a softer Dollar and a resilient semiconductor and AI investment cycle supporting exports and inflows.
Swedish Krona: Riksbank keeps hikes on table – BNY
BNY Mellon’s Geoff Yu reports the Swedish Riksbank left its policy rate at 1.75%, judging the stance well balanced amid stronger growth and inflation but a softer labor market. Underlying inflation is near 2% and summer readings beat forecasts.
Egypt CBE Interest Rate Decision meets forecasts (19%)
Egypt CBE Interest Rate Decision meets forecasts (19%)
United States EIA Natural Gas Storage Change below expectations (17B) in August 14: Actual (16B)
United States EIA Natural Gas Storage Change below expectations (17B) in August 14: Actual (16B)
Euro: Bullish trend eyes upper 1.17s against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report that EUR/USD gains are being driven mainly by broad US Dollar (USD) weakness, with front-end spreads narrowing since late June and supporting Euro (EUR) fundamentals.
Indonesian Rupiah: BI pause keeps tightening risk alive – Commerzbank
Commerzbank’s Moses Lim highlights that Bank Indonesia left the BI Rate at 5.75%, balancing inflation, growth and IDR stability after earlier hikes. BI has expanded hedging incentives and CNY clearing to support inflows and FX stability, while keeping SRBI yields from rising further.
Canadian Dollar: Upside focus into 1.35–1.37 against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that USD/CAD is under pressure as broad US Dollar (USD) weakness combines with tentative progress on a US-Canada trade deal.
Indian Rupee: RBI defends manageable Dollar shorts – BNY
BNY Mellon’s Geoff Yu highlights comments from RBI Governor Sanjay Malhotra that the central bank’s net-short forward-Dollar position is still very manageable despite large bearish bets to support the Rupee.