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Indian Rupee: Foreign inflows to aid INR against US Dollar â ING
ING economists Deepali Bhargava and Lynn Song note that the Indian Rupee (INR) has given back much of its June gains as USâIran tensions and rising Oil prices hurt sentiment.
Why is Gold surging toward $4,300 as the US Dollar and Treasury yields ease?
Gold (XAU/USD) has staged a dramatic rebound, surging over 4% on Wednesday to move within striking distance of the $4,300/oz threshold.
United Kingdom: Confidence may unlock household spending â Rabobank
Rabobankâs Stefan Koopman analyses United Kingdom demand prospects under Prime Minister Burnhamâs shift from âsecuronomicsâ to âvibonomicsâ. The report argues that elevated household saving and weak confidence leave scope for a temporary consumption boost if sentiment improves.
Australia's AAA credit was just reaffirmed: Why the Australian Dollar still faces growth headwinds
The Australian Dollar (AUD) is balancing solid long-term fiscal fundamentals against near-term growth headwinds and shifting central bank expectations.
EUR/USD Price Forecast: Buyers challenge 100-day SMA as momentum turns bullish
EUR/USD trades on the back foot on Thursday, snapping a two-day winning streak as the US Dollar (USD) steadies. Still, the near-term technical picture remains bullish following the late-July rebound from below 1.1400. At the time of writing, the pair trades around 1.1534, down 0.15% on the day.
Canadian Dollar: Gains hinge on 1.3970 against US Dollar â Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is effectively flat versus the US Dollar (USD) but modestly outperforming other majors, trading close to their fair value estimate around 1.40.
United States EIA Natural Gas Storage Change came in at 33B, above expectations (31B) in July 31
United States EIA Natural Gas Storage Change came in at 33B, above expectations (31B) in July 31
Copper: Tight supply keeps prices elevated â ING
ING analysts Warren Patterson and Ewa Manthey report Copper prices trading above $14,000/t on the LME and near record levels on Comex, driven by metal diversion into the US ahead of potential tariff decisions.
New Zealand Dollar slips as safe-haven demand lifts the US Dollar
NZD/USD trades around 0.5880 on Thursday at the time of writing, down 0.10% on the day. The pair remains under pressure as renewed demand for the US Dollar (USD) emerges, with investors seeking safe-haven assets amid fresh geopolitical tensions in the Middle East.
Oil: Hormuz risk repricing with fragile support â BNY
BNYâs Geoff Yu notes Oil prices have stabilized near $80 as markets digest Iranâs proposed shipping route with Oman through the Strait of Hormuz. The temporary arrangement has reduced perceived disruption risk for Brent and WTI, helped by larger U.S. inventories.
Australian Dollar comes under pressure as US Dollar snaps two-day decline
AUD/USD edges lower on Thursday as the US Dollar (USD) steadies following two consecutive days of losses. At the time of writing, the pair trades around 0.7036, down roughly 0.32% on the day.
United States Wholesale Inventories came in at 0.2% below forecasts (0.3%) in June
United States Wholesale Inventories came in at 0.2% below forecasts (0.3%) in June
US Dollar: Undervaluation flags downside risks â MUFG
Halpenny highlights MUFGâs G10 regression models showing the US Dollar undervalued against most peers, implying risk premia tied to Middle East conflict, inflation concerns and political interference at the Federal Reserve.