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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.
Thu, Aug 20
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.
Thu, Aug 20
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.
Thu, Aug 20
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.
Thu, Aug 20
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.
Thu, Aug 20
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%.
Thu, Aug 20
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.
Thu, Aug 20
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.
Thu, Aug 20
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.
Thu, Aug 20
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.
Thu, Aug 20
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.
Thu, Aug 20
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.
Thu, Aug 20
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.
Thu, Aug 20
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%.
Thu, Aug 20
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.
Thu, Aug 20
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.
Thu, Aug 20
Indian Rupee: Hawkish RBI pause shifts rate outlook – Societe Generale
Societe Generale’s Kunal Kundu says the Reserve Bank of India's (RBI) August 2026 Monetary Policy Committee (MPC) minutes reveal a more hawkish inflation assessment than the policy statement suggested.
Thu, Aug 20
Pi Network Price Forecast: PI lacks bullish momentum as broader market recovers
Pi Network (PI) is trading around $0.0890 at press time on Thursday, sustaining its three-day recovery earlier this week. Renewed risk-on sentiment in the crypto market, with the US Treasury bond buyback, boosts Bitcoin (BTC) toward $70,000, while PI lacks the bullish drive.
Thu, Aug 20
Forex Today: US Dollar struggles after Treasury boosts long-term bond purchases
Here is what you need to know on Thursday, August 20:
Thu, Aug 20
Australian Dollar: Upside risk hinges on 0.7150 against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note AUD/USD retested recent highs near 0.7130 but momentum has not strengthened markedly.
Thu, Aug 20
