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Singapore Gross Domestic Product (QoQ) climbed from previous 1.1% to 1.4% in 2Q
Thu, Aug 13
WTI declines below $82.50 as oil inventories rise far more than expected
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.
Thu, Aug 13
RBA's Kent: Cash rate hikes are achieving their intended impact
Reserve Bank of Australia (RBA) Assistant Governor Chris Kent said on Thursday that interest rate hikes are producing the expected effect. Kent added that further rate increases possible if risks emerge.
Thu, Aug 13
Iran says no progress on interim peace deal with US — Reuters
The United States (US) and Iran remain at loggerheads over efforts to agree a permanent end to the war in the Middle East, Reuters reported on Wednesday.
Wed, Aug 12
Gold edges lower to near $4,400 as Iran-US tensions counter support from tame US inflation
Gold price (XAU/USD) declines to around $4,400 during the early Asian session on Thursday, pressured by escalating geopolitical tensions between the United States (US) and Iran.
Wed, Aug 12
Commodities: Weaker Dollar lacks growth catalyst – BNY
Geoff Yu at BNY says a less hawkish Fed has weakened the Dollar, but this has not translated into a broad commodity rally. Institutional investors remain sellers of metals and miners, while EM commodity sovereign debt continues to struggle and commodity FX buying has faded.
Wed, Aug 12
Bitcoin shows early signs of bottom despite lingering market stress
Bitcoin (BTC) is showing several signs of a potential market bottom as multiple indicators show improving market conditions, according to CryptoQuant analysts.
Wed, Aug 12
The Japanese Yen gives back half of what Tokyo bought
The Dollar has spent Wednesday grinding higher against the Yen with no headline to carry it, trading near 159.50 after a low just beneath 158.60 and a gain of under a tenth of a percent.
Wed, Aug 12
Pound Sterling runs out of room at the July high
Sterling spent the London morning building a case for a break and the rest of the session dismantling it, trading near 1.3495 after a high just short of 1.3550 and a loss of not quite a tenth of a percent.
Wed, Aug 12
GBP/JPY Price Forecast: 50-day SMA caps sideways trading
The GBP/JPY holds firm on Wednesday at around 215.00, as neither buyers nor sellers are reluctant to open fresh directional bets amid fears of renewed intervention in the FX markets by US and Japanese authorities to propel the Yen.
Wed, Aug 12
Indonesia: BI succession supports Rupiah stability – DBS
DBS Group Research’s Radhika Rao reports that Indonesia’s onshore markets welcomed President Prabowo’s nomination of Deputy Governor Destry Damayanti as the next Bank Indonesia Governor.
Wed, Aug 12
Australian Dollar pulls back as inflation expectations loom
The Aussie Dollar ended Wednesday’s session with losses against the Greenback as US inflation data matched estimates, in both headline and core. Consequently, traders pushed back against rate hikes, though the AUD/USD faded the initial move and traded at 0.7061, down 0.07%.
Wed, Aug 12
Euro reverses from two-day high, fade US soft CPI move
The Euro reversed course after reaching a two-day high of 1.1563, following the release of a benign US inflation report for July, which triggered a repricing for a less “hawkish” Federal Reserve, throughout 2026.
Wed, Aug 12
Chinese Yuan: Credit softness may spur PBoC easing – Commerzbank
Commerzbank’s Charlie Lay and Dr. Henry Hao point out USD/CNY is stable around 6.75, with their model implying a slightly stronger PBoC fix.
Wed, Aug 12
Mexican Peso rallies to two-year high as soft CPI hits Fed bets
The Mexican Peso appreciates to levels last seen in 2024 following a softer-than-expected US inflation report, preventing a rate hike by the Federal Reserve as projected by investors. The USD/MXN trades at 17.05 after hitting early lows of 17.01.
Wed, Aug 12
New Zealand Dollar slips as Middle East uncertainty weighs on Kiwi
NZD/USD is trading near 0.5860, down over 0.30% on Wednesday and falling for the third consecutive day.
Wed, Aug 12
Singapore Dollar: Upside risk builds against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann note that USD/SGD closed little changed around 1.2800, with the S$NEER trading 1.7% above its mid-point and implying a 1.2760–1.2822 range.
Wed, Aug 12
Commodity FX: Growth constraints cap carry – BNY
BNY’s Geoff Yu notes that a less hawkish Fed has weakened the Dollar but failed to spark a sustained bid in commodity FX such as Norwegian Krone (NOK), Australian Dollar (AUD) and Emerging Markets (EM) currencies Chilean Peso (CLP), South African Rand (ZAR) and Brazilian Real (BRL).
Wed, Aug 12
USD/CHF Price Forecast: Bearish flag forms as bulls eye 0.8200
The USD/CHF edges higher by some 0.30% on Wednesday, refreshing ten-day highs of 0.8138, as the uptrend is poised to extend if it clears key resistance levels.
Wed, Aug 12
Chinese Yuan: Range trade and upside risk against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann note that USD/CNH has been confined to a tight range and expect the Dollar to trade between 6.7430 and 6.7530 in the near term.
Wed, Aug 12
