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Canadian Dollar outperforms US Dollar as geopolitical tensions boost Oil
USD/CAD falls 0.24% on Monday and trades around 1.3870 at the time of writing, after reaching its highest level in more than two weeks earlier. The pair comes under pressure from both a stronger Canadian Dollar (CAD), supported by rising Oil prices, and a modest pullback in the US Dollar (USD).
Mon, Aug 31
Taiwan: Growth outlook upgraded – Standard Chartered
Standard Chartered’s Tommy Wu raises Taiwan’s GDP growth forecasts, projecting 11.5% in 2026 and 6.5% in 2027, both slightly above government estimates. The upgrade is driven by AI-related export strength and recovering domestic demand.
Mon, Aug 31
Canadian Dollar: Rangebound near fair value against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret observe that the Canadian Dollar (CAD) is little changed, with USD/CAD trading around their fundamental equilibrium estimate near 1.3920.
Mon, Aug 31
Singapore Dollar: Range consolidation after sharp decline against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD surged to 1.2754 after previously expecting a tighter range, with the Singapore Dollar (SGD) Nominal Effective Exchange Rate (S$NEER) still above its mid-point.
Mon, Aug 31
Euro holds modest gains as US Dollar lacks momentum, Eurozone inflation in focus
EUR/USD holds modest gains on Monday during American trading hours as the US Dollar (USD) struggles to build on Friday’s strength, which followed hawkish remarks from Federal Reserve (Fed) Chair Kevin Warsh at the Jackson Hole Symposium.
Mon, Aug 31
Bank of Canada: Tariffs reshape rate risks – NBC
National Bank of Canada's (NBC) Taylor Schleich and Ethan Currie expect the Bank of Canada (BoC) to keep its overnight rate at 2.25% and maintain current balance sheet policy.
Mon, Aug 31
Japanese Yen: BoJ normalization expectations and contained moves – BNY
Wee Khoon Chong at BNY reports strong Japanese macro data and resilient housing and commerce indicators, supporting the narrative that Japan has exited deflation and Bank of Japan (BoJ) normalization remains in play.
Mon, Aug 31
Silver rebounds, but Fed rate-hike threat hangs over the metal
Silver (XAG/USD) rebounds on Monday and trades around $66.70 at the time of writing, up 0.40% on the day. The main obstacle to a stronger recovery in Silver remains the shift in expectations surrounding the Federal Reserve’s (Fed) monetary policy.
Mon, Aug 31
Bank of Canada: Policy on hold as tariffs bite – Rabobank
Rabobank strategists expect the Bank of Canada (BoC) to keep its overnight rate at 2.25% at the September 2 meeting and through 2027, despite markets pricing in around 17bp of tightening by year-end.
Mon, Aug 31
Pound Sterling retreats as Japanese Yen attracts modest buying
GBP/JPY trades on the back foot on Monday as the Japanese Yen (JPY) strengthens against its major peers. The Pound Sterling (GBP), meanwhile, lacks a fresh domestic catalyst as UK markets remain closed for the Summer Bank Holiday.
Mon, Aug 31
US Dollar: Warsh boosts policy credibility – OCBC
OCBC FX Strategist Sim Moh Siong and Christopher Wong note that Fed Chair Warsh’s Jackson Hole speech eased debasement concerns and supported the Dollar, with Gold lower and the US yield curve flatter.
Mon, Aug 31
Ripple Price Forecast: XRP holds EMA support as ETF demand provides a tailwind for recovery
Ripple (XRP) rises above a short-term key support on Monday and trades around $1.37 at the time of writing. The remittance token upholds a broad bullish outlook, supported by steady institutional interest.
Mon, Aug 31
Oil: geopolitical support and Venezuela deal risk – BNY
BNY’s Wee Khoon Chong notes Oil prices are underpinned by renewed U.S.–Iran tensions near the Strait of Hormuz and President Trump’s claim of a deal granting U.S. majority control over Venezuela’s vast reserves.
Mon, Aug 31
Federal Reserve: Warsh’s hawkish shift reshapes rate outlook – Rabobank
Rabobank’s Elwin de Groot discusses Fed Chair Kevin Warsh’s Jackson Hole speech and its impact on US rates. He notes that Warsh signalled dissatisfaction with recent inflation and openness to further hikes, lifting near-term rate expectations while lowering longer-term premia.
Mon, Aug 31
Germany flash HICP growth remains slower than expected at 2.9% in August
Preliminary Germany Harmonized Index of Consumer Prices (HICP) data for August arrives at 2.9% Year-on-Year (YoY), lower than estimates of 3.1%, but higher than the previous reading of 2.8%.
Mon, Aug 31
Euro: ECB tightening expectations support pair – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects Eurozone August headline Consumer Price Index (CPI) to accelerate to 3.3% year-on-year on higher energy, with core inflation steady at 2.5%.
Mon, Aug 31
USD/JPY Price Forecast: Faces selling pressure above 160.00
The US Dollar (USD) is down 0.3% to near 159.65 against the Japanese Yen (JPY) during the European trading session on Monday. The USD/JPY pair declines as the Japanese currency outperforms its peers on hopes of support from the United States (US)-Japan joint intervention.
Mon, Aug 31
Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate amid renewed US-Iran strikes
The cryptocurrency market is broadly consolidating on Monday, with select assets posting modest gains. Bitcoin (BTC) remains resilient above $78,000 as investors anticipate a renewed push toward $80,000.
Mon, Aug 31
Euro languages around 1.1600 amid Fed hiking hopes, fresh tensions in Iran
The Euro (EUR) posts marginal gains against the US Dollar (USD) on Monday, but it remains close to Friday’s lows at 1.1578, as bulls fail to find significant acceptance above 1.1600.
Mon, Aug 31
Gold holds near $4,450 as Fed rate-hike expectations keep buyers cautious
Gold (XAU/USD) steadies on Monday after opening the week lower and briefly falling below $4,400, its lowest level since August 19, during Asian trading hours. However, the metal lacks strong upside momentum as hawkish Federal Reserve (Fed) expectations keep buyers cautious.
Mon, Aug 31
