USD/KRW: The Won Also Rises
FX markets remain calm despite energy prices nudging higher and some weakness in semiconductor stocks. Expect further consolidation ahead of tonight's release of the July FOMC meeting minutes. Elsewhere, this quarter's …
Currencies
Silver Price Forecast: XAG/USD extends decline to near $63 amid continued energy supply risks
Silver price (XAG/USD) is down 0.5% to near $63.00 during the Asian trading session on Wednesday. The white metal extends its Tuesday’s decline amid fears of prolonged inflation concerns on the back of continued energy …
Japanese Yen gains ground as BoJ rate hike bets rise
The USD/JPY pair edges lower to around 159.45 during the Asian trading hours on Wednesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) as market expectations grow for another interest rate hike by the…
US President Trump: I have paused 50% tariffs against Canada
Following overnight negotiations with Canadian Prime Minister Mark Carney, US President Donald Trump announced on Wednesday, “I have paused 50% tariffs against Canada for a three-day period.”
RBA’s Hauser: Will have to raise rates again if inflation doesn’t come down
Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said during the Asian trading session on Wednesday that inflation is too high and the central bank needs to raise interest rates to bring price pressures dow…
Canadian Dollar strengthens as Trump pauses 50% tariffs and USD slides before FOMC Minutes
The USD/CAD pair meets with fresh supply during the Asian session on Wednesday and, for now, seems to have stalled its recovery from the lowest level since June 3, touched earlier this week. Spot prices currently trade …
United States Dollar Index hovers above 99.50 due to safe-haven support
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is steadying after registering minor gains in the previous day and trading around 99.60 during the Asian hours on …
Australian Dollar weakens despite RBA’s Hauser hawkish remarks
AUD/USD extends its losses for the second successive day, trading around 0.7080 during the Asian hours on Wednesday. Addressing the broader economic backdrop, Reserve Bank of Australia (RBA) Deputy Governor Andrew Hause…
Singapore Dollar: Upside risk stays in focus against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD rebounded after a sharper-than-expected drop to 1.2752, easing immediate downside pressure and pointing to intraday consolidation between 1.2…
USD/CHF Price Forecast: Flag support rebound keeps bulls alive
The USD/CHF pair recovers some ground on Tuesday after testing the 50-day Simple Moving Average (SMA) of 0.7866 along with the bottom trendline of the ‘bearish flag’, which so far contained price action amid the lack of…
Chinese Yuan: Gradual appreciation view – MUFG
MUFG analysts Lin Li and Khang Sek Lee note that July data point to weaker Chinese growth and a widening divergence between the "new" and "traditional" economy. Despite short-term production disruptions from Middle East…
Indonesia Rupiah: Fiscal discipline supports stability – UOB
UOB economist Enrico Tanuwidjaja reviews Indonesia’s 2027 State Budget, highlighting a calibrated balance between growth and fiscal discipline that matters for the Rupiah and local bonds. The budget assumes a Rupiah exc…
USD/JPY Recovery Shows Intervention Cannot Close the Rate Gap
Yen is under broad-based pressure again, barely 10 days after joint US-Japan intervention forced traders to retreat. That does not mean intervention has failed. It means intervention solved only one part of the problem.…
Forex Today: US Dollar firms on Hormuz jitters ahead of UK CPI and FOMC Minutes
The US Dollar Index (DXY) held a firm tone near the 99.60s on Tuesday, keeping a mild safe-haven bid as tensions around the Strait of Hormuz stayed front and center. Gold and Oil both sold off, and most major currencies…
Economists agree: BoE will hold rates through year-end – Reuters poll
The Bank of England (BoE) will keep interest rates unchanged for the rest of the year, according to a Reuters poll conducted between August 13 and 18.
UK Labour Weakness Deepens the Case Against Further BoE Tightening
Sterling fell to $1.3479 on Thursday, August 13, down 0.12% against the previous session, after touching an intraday high just above $1.3500 in the immediate aftermath of the UK second-quarter GDP release. The pair has …
Japanese Yen drifts lower as Greenback retains safe-haven bid
USD/JPY holds modest gains near the 159.60s on Tuesday, edging higher on the day. The pair has clawed back ground after a recent sharp pullback and is grinding back toward the upper end of its recent range.
FX Outlook: Energy and Long Bonds Remain Points of Attention
At its meeting on 19 March 2026, the Governing Council decided to keep the three key ECB interest rates unchanged. It is determined to ensure that inflation stabilises at the 2% target in the medium term. The war in the…
New Zealand Dollar: Market overpricing RBNZ hikes – BNY
BNY’s Geoff Yu highlights that foreign holdings of New Zealand government bonds rose to 58.9% in July 2026, while NZD/USD trades slightly above its 12‑month average. Despite robust domestic activity, Yu doubts current m…
Brazilian Real: Fiscal risks point to weakness against US Dollar - Rabobank
Rabobank’s Mauricio Une and Renan Alves note softer United States (US) inflation and cooling labor data, giving the Federal Reserve (Fed) more time to assess policy. Domestically, the central bank of Brazil's (BCB) mone…
Sterling today: Pound slips as dollar firms on energy, yields
The British Pound weakened against the US Dollar in Asian trading on Wednesday, with GBP/USD easing toward 1.3355. The pair lost momentum as the Dollar gained ground amid renewed geopolitical uncertainty following US mi…
Euro: Range-bound before FOMC against US Dollar – ING
Chris Turner at ING describes EUR/USD as contained after a rally stalled just above 1.16, with investors cautious due to high natural gas prices and upcoming FOMC minutes. He expects a 1.1520–1.1580 range near term, whi…
Canadian Dollar remains resilient as Oil strength counters firmer US Dollar
USD/CAD trades little changed on Tuesday as rising long-term US Treasury yields lift the US Dollar (USD), while elevated Oil prices underpin the commodity-linked Canadian Dollar (CAD). At the time of writing, the pair t…
Gold falls as rising US Treasury yields strengthen the US Dollar
Gold (XAU/USD) remains on the back foot at the start of American trading hours on Tuesday, snapping a two-day winning streak as a firmer US Dollar (USD) and rising long-term US Treasury yields weigh on the precious meta…