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United States: Slow growth but data understate jobs – Commerzbank
Commerzbank economist Bernd Weidensteiner analyzes recent U.S. employment trends, noting that Nonfarm Payroll growth has slowed sharply, with average monthly gains of just 32,000 over the past year.
Indian Rupee: RBI minutes temper rate-cut hopes – DBS
Radhika Rao at DBS Group Research highlights that Reserve Bank of India (RBI) minutes from the early-August meeting were more cautious than Governor Sanjay Malhotra’s public messaging.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $66.71 per troy ounce, down 0.42% from the $67.00 it cost on Wednesday.
Federal Reserve: AI, inflation risks and limited FX impact – MUFG
MUFG’s research team uses AI-driven textual analysis to judge the July FOMC minutes as slightly more hawkish, with broader support for a rate hike and concern over inflation expectations.
US Dollar: Policy-driven yield retreat – UBS
UBS' chief economist Paul Donovan notes that the United States (US) Treasury’s plan to at least double purchases of long-term US government bonds triggered a rally, pushing 10-year yields down to levels seen a week ago.
Euro weakens against Canadian Dollar amid higher oil prices
EUR/CAD halts its three-day winning streak, trading around 1.6110 during the European hours on Thursday. The currency cross faces downward pressure as the commodity-linked Canadian Dollar (CAD) gains support from rising crude oil prices.
Euro: Upside bias targets 1.1725 against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has broken to a three‑month high near 1.1680 as Dollar weakness and strong momentum underpin the pair.
Eurozone Construction Output s.a (MoM) down to -1.3% in June from previous 0.4%
Eurozone Construction Output s.a (MoM) down to -1.3% in June from previous 0.4%
Eurozone Construction Output w.d.a (YoY) fell from previous 1.2% to -0.7% in June
Eurozone Construction Output w.d.a (YoY) fell from previous 1.2% to -0.7% in June
WTI refreshes three-week high near $86 amid US-Iran deadlock
West Texas Intermediate (WTI), futures on NYMEX, trades 2% higher at around $86.00 during the European trading session on Thursday, the highest level seen in over three weeks.
Copper: Tight physical market supports prices – ING
ING’s commodities team, led by Ewa Manthey and Warren Patterson, reports Copper market tightness has eased slightly as LME inventories rose by more than 55kt over two sessions, narrowing the cash-to-three-month backwardation.
Dow Jones futures gain on Treasury bond buyback relief
Dow Jones futures inch lose 0.11% to trade around 53,470 during European hours on Thursday. Meanwhile, S&P 500 futures remain inching lower by 0.06%, trading near 7,720, and Nasdaq 100 futures remain steady around 29,520.
Indian Rupee: RBI seen comfortably on hold – Commerzbank
Commerzbank’s Dr. Henry Hao and Moses Lim note India’s economy remains supported by strong domestic demand and exports, with growth projected at 6.7% in fiscal 2026-2027 versus 8% previously. Inflation is forecast at 5%, within the RBI’s 2-6% band, allowing policy to stay on hold at 5.25%.