Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Federal Reserve: Divided hawks shape late-2026 hike risks – Societe Generale
Societe Generale’s Jan Groen highlights a divided Federal Reserve, with a larger ‘keep-on-hold’ camp waiting for core PCE inflation data in 2H 2026 before backing rate hikes.
US Treasury doubles long-dated bond buybacks: Why are yields rising again?
The US 10-year Treasury yield attempts to stabilize on Thursday, edging higher to 4.672% at the time of writing after hitting a low of 4.635% on Wednesday.
Hong Kong SAR Consumer Price Index in line with forecasts (1.7%) in July
Hong Kong SAR Consumer Price Index in line with forecasts (1.7%) in July
Hong Kong SAR Unemployment rate remains at 3.7% in July
Hong Kong SAR Unemployment rate remains at 3.7% in July
US Dollar: Upside capped as yields ease – MUFG
MUFG’s Lloyd Chan notes the US Dollar weakened after US Treasury Secretary Bessent announced a major expansion of long-dated Treasury buybacks, which pushed long-end yields lower.
British Pound gains as US Dollar softens on Treasury bond buybacks
GBP/USD extends its gains for the second successive day, trading around 1.3630 during the European hours on Thursday. The pair appreciates as the US Dollar (USD) faces challenges, driven by the decision of the US Treasury Department to stabilize domestic bond markets.
EUR/USD Price Forecast: Doubling US bond-buying plan opens way for 1.1800
The Euro (EUR) posts a fresh three-month high at around 1.1693 against the US Dollar (USD) during the European trading session on Thursday.
Japanese Yen: Bullish bias within broad range against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann highlight that USD/JPY dropped sharply to around 158.00, eroding the previous upside bias.
Oil: Rally extends on sanctions risk – ING
ING strategists Ewa Manthey and Warren Patterson note Oil has extended its rally for a fifth straight session, with ICE Brent above $92 and WTI over $86 as markets react to tighter US sanctions on Iran.
Greece Current Account (YoY): €-0.603B (June) vs €-0.96B
Greece Current Account (YoY): €-0.603B (June) vs €-0.96B
South African Rand: inflation risks from El Niño – Commerzbank
Commerzbank’s Volkmar Baur notes South African inflation surprised on the downside in August, with headline Consumer Price Index (CPI) at 4.3% and core at 4.2%.
US Dollar: Under pressure as yields capped – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong say the Dollar has weakened to its lowest level since May as expanded Treasury buybacks pushed long-end US yields lower.
New Zealand Dollar advances on RBNZ hawkish outlook
NZD/USD extends its gains for the second successive day, trading around 0.5950 during the European hours on Thursday. The pair appreciates as the New Zealand Dollar (NZD) gains on expectations of another rate hike from the Reserve Bank of New Zealand (RBNZ) in September.