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US Dollar: Losing momentum as fiscal risks rise – DBS
DBS Group Research’s Philip Wee argues that the US Dollar (USD) is losing momentum as markets reassess United States (US)-Japan intervention, shifting Bank of Japan (BoJ) and Federal Reserve (Fed) expectations, and rising US fiscal risks.
Federal Reserve: Changing communications and higher volatility – TD Securities
TD Securities’ James Rossiter argues that the Federal Reserve is leading a structural shift away from detailed forward guidance and explicit reaction functions, forcing markets to infer policy from incoming data.
British Pound: Data-heavy week risks BoE repricing – ING
Chris Turner at ING notes that a busier United Kingdom (UK) data calendar, including jobs, wages and July Consumer Price Index (CPI), could challenge the 55bp of Bank of England (BoE) tightening still priced in.
EUR/USD Price Forecast: Conquers 1.1600 as bulls retain control above 100-SMA, 50% Fibo.
The EUR/USD pair builds on last week's bounce from the vicinity of the 1.1500 psychological mark and gains strong follow-through positive traction on Monday.
Risk-on momentum builds as Dollar weakness supports markets
The positive risk sentiment continues as the US Dollar remains under pressure. The S&P 500 is moving higher, while the Nasdaq continues to show strong momentum and the DAX is following the move.
Canadian Dollar: CPI and US tariffs weigh on outlook – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects Canada’s July Consumer Price Index (CPI) to keep core inflation below 2%, reinforcing an extended Bank of Canada (BoC) pause.
The commodities feed: Oil near $90 on escalating Middle East risks
Oil remains supported near $90/bbl by Middle East tensions and attacks on vessels in the Strait of Hormuz.
Pi Network Price Forecast: Downside fears persist as recent gains lack momentum
Pi Network (PI) edges higher on Monday, signaling that bulls are defending the $0.0839 support floor after two consecutive days of losses. The Pi Core Team released a new Node upgrade on Saturday focused on advancing its distributed computing capabilities.
Polish Zloty: Slow NBP hawkish shift weighs on PLN - Commerzbank
Commerzbank’s Tatha Ghose reports that Polish headline and core inflation have re-accelerated, with seasonally adjusted monthly rates now clearly above target. This makes earlier signals from National Bank of Poland (NBP) Governor Adam Glapinski about possible rate cuts obsolete.
British Pound hits three-month highs at 1.3570 amid generalised US Dollar weakness
The British Pound (GBP) extends gains for the second consecutive day on Monday, as investors cut back US Dollar (USD) long positions, amid a dovish repricing of the Federal Reserve’s (Fed) monetary policy.
EUR/USD at eight-week high: What happens next
EUR/USD begins the week around 1.1588, reaching its highest level in eight weeks. The euro has been supported by dollar weakness following fresh US economic data, which revived doubts about the stability of the US economy and reduced expectations of imminent Federal Reserve tightening.
Japanese Yen: Downside bias within 158.00–160.20 band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang observes that USD/JPY price action remains choppy, with the pair closing around 159.30 after a dip to 158.58. Intraday direction is unclear, with trading expected between 158.80 and 159.60.
US Dollar: Softer data challenges resilience – MUFG
MUFG’s Derek Halpenny and Lee Hardman note that weaker United States (US) data and lower short-term Treasury yields are undermining US Dollar (USD) support, even as the US Dollar Index (DXY) holds above its 200-day moving average near 99.200.
Australian Dollar gains against Japanese Yen despite weak economic data from China
AUD/JPY extends its gains for the second successive day, trading around 113.20 during the European hours on Monday.
Brent: Supply risks keep prices elevated – ING
ING analysts Ewa Manthey and Warren Patterson note that ICE Brent is trading just below $90/bbl, supported by Middle East tensions and attacks on vessels in the Strait of Hormuz.
Australian Dollar: Solid carry as RBA pause risk grows – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad argues that upcoming Australian wage and labour data are unlikely to shift Reserve Bank of Australia pricing, with futures only partly discounting one final hike.
New Zealand Dollar: RBNZ seen on hold in September – Commerzbank
Commerzbank’s Volkmar Baur argues that softer New Zealand inflation data make a September rate hike by the Reserve Bank of New Zealand (RBNZ) unlikely after July’s move.
New Zealand Dollar hits fresh two-month highs past 0.5900 despite weak data from China
The New Zealand Dollar (NZD) keeps crawling higher against a weaker US Dollar (USD) with price action reaching the 0.5920 area for the first time since early June. Kiwi Dollar bulls did not flinch after a set of downbeat data from China on Monday and kept buying the pair, with the US Dollar depreci
Indian Rupee moves little as RBI swap exit, US Dollar weakens
The Indian Rupee (INR) remains stronger against the US Dollar (USD) on Monday after two days of losses, with the USD/INR pair trading around 95.60 at the time of writing.
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