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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
98.75 support tested; US Dollar Index under pressure amid US debt buyback plan
The US Dollar (USD) took a beating on Wednesday after US Treasury Secretary Scott Bessent announced a plan to buy back long-term government debt to ease Bond yields.
Thu, Aug 20
Japanese Yen underperforms amid rising trade concerns
The Japanese Yen (JPY) is down against its major currency peers on Thursday, with USD/JPY trading 0.22% higher at around 158.50 during the European trading session. The Japanese currency underperforms as the Trade Deficit widens due to elevated energy prices.
Thu, Aug 20
US Dollar: Risk-on pattern with softer DXY – ING
ING’s Chris Turner notes that US Treasury buy-back operations and a drop in longer-dated yields have supported equities and weighed on the Dollar.
Thu, Aug 20
Australian Dollar holds early losses driven by weak job data
The Australian Dollar (AUD) remains under pressure against its major currency peers during the early European trading session on Thursday. As of writing, the antipodean is down 0.17% to near 0.7110 against the US Dollar (USD).
Thu, Aug 20
Canadian Dollar gains traction on fading Fed rate hike bets, US-Canada tariff pause
The USD/CAD pair declines to around 1.3790 during the early European trading hours on Thursday. The US Dollar (USD) weakens against the Canadian Dollar (CAD) as cooling US inflation dampens aggressive US Federal Reserve (Fed) policy expectations.
Thu, Aug 20
Swedish Krona: Hawkish Riksbank stance holds – Commerzbank
Commerzbank’s Antje Praefcke expects the Sweden’s central bank, the Riksbank, to leave its policy rate at 1.75% and maintain a hawkish tone similar to June’s statement.
Thu, Aug 20
Silver Price Forecasts: XAG/USD stands tall near $67 supported by US Treasury’s buybacks
Silver (XAG/USD) is practically flat on Thursday, holding most of Wednesday’s gains, trading just above $67.00 at the European session opening.
Thu, Aug 20
Indian Rupee: Elevated Oil keeps INR lagging against US Dollar – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note Indian Rupee (INR) remains under pressure despite broader US Dollar (USD) weakness, as high Oil prices and importer Dollar demand weigh on the currency.
Thu, Aug 20
Equities: Yield relief and healthcare gains lift markets – Deutsche Bank
Deutsche Bank strategists note that equities rebounded as a sharp decline in long-end US Treasury yields helped the S&P 500 end a three-day losing streak.
Thu, Aug 20
Iran's Araghchi says economic D-Day is a diversion from the US crisis
Iran's Foreign Minister Abbas Araghchi dismissed US President Donald Trump’s threatened “economic D-Day” against Tehran as an attempt to divert attention from US debt and rising interest costs, Reuters reported on Thursday. Araghchi added that US policies will bring defeat and enmity.
Thu, Aug 20
British Pound: Further gains face 1.3655 cap against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann report that GBP/USD spiked to 1.3630 before easing, leaving short‑term conditions overstretched.
Thu, Aug 20
EUR/JPY Price Forecast: Gains traction above 185.00, bullish signals keep uptrend intact
The EUR/JPY cross gathers strength to around 185.20 during the early European session on Thursday. The Japanese Yen (JPY) softens against the Euro (EUR) amid disappointing Japanese Gross Domestic Product (GDP) data.
Thu, Aug 20
Euro: Spikes higher against US Dollar on Treasury buybacks – Danske Bank
Danske Research Team notes that EUR/USD jumped after the US Treasury increased buyback volumes of longer-dated US Treasuries, flattening the bond curve and pulling the 10-year yield below Tuesday’s peak.
Thu, Aug 20
Indonesian Rupiah strengthens as BI to focus on currency stability
USD/IDR extends its losses for the second successive day, trading around 17,810 during the Asian hours on Thursday. The pair depreciates as the Indonesian Rupiah (IDR) finds solid backing from Bank Indonesia's (BI) renewed commitment to currency stability.
Thu, Aug 20
WTI Price Forecast: Bulls seem hesitant below $85.00 and 61.8% Fibo. hurdle
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends its consolidative price move for the third straight day and trades around the $84.30 area through the Asian session on Thursday.
Thu, Aug 20
GBP/USD Price Forecast: Strengthens above 1.3600 as bullish trend holds above 100-day SMA
The GBP/USD pair trades in positive territory around 1.3610 during the early European trading hours on Thursday.
Thu, Aug 20
