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British Pound: Softer BoE stance seen weighing on Sterling – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that the Bank of England (BoE) left rates at 3.75% with a 6–3 vote, while Governor Andrew Bailey pushed back against expectations of an imminent hike.
Euro: ECB September hike still base case – TD Securities
TD Securities strategists highlight that Euro area Harmonised Index of Consumer Prices (HICP) inflation rose to 2.9% y/y in July, with core inflation at 2.5% and services inflation at 3.3%, indicating only limited evidence of meaningful second-round effects.
South Africa Trade Balance (in Rands) rose from previous -1.79BÂ to 17.75B in June
South Africa Trade Balance (in Rands) rose from previous -1.79BÂ to 17.75B in June
Japanese Yen: Policy credibility and intervention dynamics – BNY
BNY’s Geoff Yu highlights that the Japanese Yen (JPY) entered the latest Bank of Japan (BoJ) decision and suspected intervention with weak flow momentum and lighter positioning, even as investors remained net long JPY and net short USD/JPY.
Silver Price Forecast: XAG/USD remains under pressure as bond yields, US Dollar rebound
Silver price (XAG/USD) is down 1.7% to near $58.00 during the European trading session on Friday. The white metal continues to decline throughout the day as United States (US) Treasury Yields have bounced back amid fears that inflationary pressures will remain elevated.
Gold declines as firmer US Dollar, hawkish Fed outlook weigh
Gold (XAU/USD) edges lower on Friday as the US Dollar (USD) stabilizes following the previous day’s sharp sell-off, while hawkish Federal Reserve (Fed) expectations remain a key headwind for the non-yielding metal.
Brent: Conflict risks keep prices elevated – Commerzbank
Commerzbank’s Norman Liebke and colleagues highlight that Brent remains volatile as Middle East tensions and shipping disruptions through key chokepoints constrain supply.
Japanese Yen dips back to 160.00 against the US Dollar as post-BoJ gains fade
The Japanese Yen (JPY) posts moderate losses against the US Dollar (USD) on Friday, with the USD/JPY pair trading just above 160.00 at the time of writing, after whipsawing within a rough 240-pip range between 158.60 and 161.00 earlier on the day.
Brazil Primary Budget Surplus climbed from previous -56.131B to -55.3B in June
Brazil Primary Budget Surplus climbed from previous -56.131B to -55.3B in June
Brazil Nominal Budget Balance below forecasts (-133.2B) in June: Actual (-166B)
Brazil Nominal Budget Balance below forecasts (-133.2B) in June: Actual (-166B)
India FX Reserves, USD rose from previous $676.24BÂ to $682.35B in July 20
India FX Reserves, USD rose from previous $676.24BÂ to $682.35B in July 20
US Dollar Index: DXY seen returning to 96.00–100.00 range – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that the Dollar stabilized after a sharp sell-off linked to suspected USD/JPY intervention, but argues the broader USD rally since May has likely ended, with US Dollar Index (DXY) expected to move back into a 96.00–100.00 range.
Australian Dollar holds firm despite weak Chinese data, fading RBA rate hike bets
AUD/USD trades around 0.7030 at the time of writing on Friday, little changed on the day after Thursday's strong rally.