Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
0.7050: Australian Dollar stuck in a range as Iran risks offset hawkish RBA
The AUD/USD pair holds steady during the Asian session on Thursday and, for now, seems to have stalled the previous day's retracement slide from its highest level since June 5.
UK Preliminary GDP grows by 0.4% QoQ in Q2, as expected
The UK economy expanded at a quarterly rate of 0.4% in the three months to June 2026, following a 0.6% growth in the first quarter (Q1). The data came in line with the market forecast.
Canadian Dollar steadies as weak US Dollar offsets lower oil prices
USD/CAD remains steady after registering minor gains in the previous day, trading around 1.3940 during the Asian hours on Thursday. The currency pair moves within a narrow range as a weaker US Dollar (USD) balances out the impact of falling oil prices on the commodity-linked Canadian Dollar (CAD).
British Pound posts modest gains to near 1.3500 ahead of UK GDP data
The GBP/USD pair edges slightly higher to near 1.3500 during the early Asian trading hours on Thursday. The US Dollar (USD) softens against the British Pound (GBP) on a tame reading of the US inflation report.
United States Dollar Index stalls post-CPI bounce near 100.00 on receding Fed hike bets
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, continues its struggle to build on the momentum beyond the 100.00 psychological mark and edges lower during the Asian session on Thursday.
PBOC sets USD/CNY reference rate at 6.7888 vs. 6.7882 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7888 compared to the previous day's fix of 6.7882 and 6.7470 Reuters estimate.
Euro advances as US Dollar weakens amid cooling Inflation
EUR/USD halts its three-day losing streak, trading around 1.1530 during the Asian hours on Thursday. The currency pair gains ground as the US Dollar (USD) faces challenges following the release of July's Consumer Price Index (CPI) report.
Singapore Gross Domestic Product (QoQ) climbed from previous 1.1% to 1.4% in 2Q
Singapore Gross Domestic Product (QoQ) climbed from previous 1.1% to 1.4% in 2Q
WTI declines below $82.50 as oil inventories rise far more than expected
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.Â
RBA's Kent: Cash rate hikes are achieving their intended impact
Reserve Bank of Australia (RBA) Assistant Governor Chris Kent said on Thursday that interest rate hikes are producing the expected effect. Kent added that further rate increases possible if risks emerge.
Singapore Gross Domestic Product (YoY): 5.9% (2Q) vs 5.7%
Singapore Gross Domestic Product (YoY): 5.9% (2Q) vs 5.7%
Japan Producer Price Index (YoY) came in at 7.2%, below expectations (7.4%) in July
Japan Producer Price Index (YoY) came in at 7.2%, below expectations (7.4%) in July
Japan Producer Price Index (MoM) below forecasts (0.6%) in July: Actual (0.1%)
Japan Producer Price Index (MoM) below forecasts (0.6%) in July: Actual (0.1%)