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Indonesian Rupiah struggles due to weak fundamentals, increased risk aversion
USD/IDR extends its gains for the second successive day, trading around 17,920 during the European hours on Wednesday. The pair is advancing as the Indonesian Rupiah (IDR) faces pressure from weak domestic economic fundamentals and subdued market sentiment.
Wed, Aug 12
Japanese Yen: Interventions signal valuation shift – DBS
DBS Group Research Strategist Chang Wei Liang highlights that the Japanese Yen (JPY) remains undervalued but that this undervaluation has narrowed after Japan’s second FX intervention of 2026, conducted jointly with the United States (US).
Wed, Aug 12
Asia FX: Oil rebound keeps importers vulnerable – OCBC
OCBC’s Sim Moh Siong and Christopher Wong report that Philippine Peso (PHP), Indian Rupee (INR), Indonesian Rupiah (IDR) and Thai Baht (THB) weakened as Oil’s rebound renewed pressure on net importers.
Wed, Aug 12
Canadian Dollar trims gains, US Dollar firms up ahead of US CPI numbers
Canadian Dollar (CAD) ticks down from two-month highs as the US Dollar (USD) firms up across the board, with investors bracing for the US Consumer Price Index (CPI) report due later in the day.
Wed, Aug 12
Japanese Yen remains under pressure against US Dollar, US CPI data eyed
The Japanese Yen (JPY) trades cautiously against the US Dollar (USD) during the European trading session on Wednesday, with the USD/JPY edging up to near 159.36.
Wed, Aug 12
Norwegian Krone: Norges Bank cautious on hikes – Commerzbank
Antje Praefcke at Commerzbank highlights that Norges Bank kept its policy rate at 4.25% in June but signaled a higher chance of another hike, with the year-end rate forecast just over 4.5%.
Wed, Aug 12
CEE FX: Geopolitics drives rates and currencies – ING
ING strategist Frantisek Taborsky highlights easing Romanian inflation driven mainly by base effects, with the National Bank of Romania unlikely to cut rates before early 2027.
Wed, Aug 12
Euro remains subdued following German inflation data
EUR/USD extends its losses for the third successive day, trading around 1.1540 during the European hours on Wednesday. The pair holds losses as the Euro (EUR) remains weaker following the release of Germany’s Harmonized Index of Consumer Prices (HICP) data.
Wed, Aug 12
British Pound advances to two-week high as rate gap and fiscal woes undermine Yen
The GBP/JPY cross climbs to a nearly two-week high, around the 215.35-215.40 area, during the first half of the European session on Wednesday and looks to prolong its recent solid recovery from the lowest level since early March, touched last week.
Wed, Aug 12
British Pound: Limited upside within defined band against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann highlight that GBP/USD closed marginally higher near 1.3510, with price action confined to a narrow 1.3493–1.3515 range. Intraday, they see scope for the Pound to edge higher but still capped within 1.3490–1.3535.
Wed, Aug 12
Equities: AI earnings revive risk appetite after tech weakness - Deutsche Bank
Deutsche Bank strategists note that United States (US) equities had a mixed session as Magnificent 7 weakness weighed on the S&P 500, even as the equal-weighted index reached a fresh record.
Wed, Aug 12
NZD/USD Price Forecast: Nearing 0.5860 support area amid by risk-off markets, domestic politics
The New Zealand Dollar (NZD) accelerates its reversal against the US Dollar (USD) on Wednesday, weighed by cautious markets amid growing tensions in the Middle East and political uncertainty at home.
Wed, Aug 12
Australian Dollar: Constructive carry outlook with RBA on hold – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note the Reserve Bank of Australia (RBA) kept rates unchanged at 4.35% but retained a modest tightening bias, with the Board having actively considered a hike.
Wed, Aug 12
AUD/USD Price Forecast: Extends the range play near 0.7050; bulls await 50% Fibo. breakout
The AUD/USD pair prolongs its consolidative price move for the third straight day and trades around mid-0.7000s through the early European session on Wednesday.
Wed, Aug 12
Japanese Yen: Policy focus after intervention - MUFG
MUFG’s Teppei Ino reviews recent USD/JPY price action following coordinated Japan-US intervention. The pair opened near 157.58, dropped toward 155.20 on official confirmation of joint action, then recovered and traded above 158 by 7 August.
Wed, Aug 12
GBP/USD Price Forecast: Continues to remain flat ahead of US CPI data
The British Pound (GBP) remains in a limited range at around 1.3500 against the US Dollar (USD) during the European trading session on Wednesday.
Wed, Aug 12
Forex Today: Crucial US inflation data to lift market volatility
Here is what you need to know on Wednesday, August 12:
Wed, Aug 12
US Dollar: CPI and Fed rhetoric in focus – Commerzbank
Commerzbank analysts highlight cautious positioning in the Dollar ahead of July US CPI, with the Dollar Index steady near 99.83 and EUR/USD around 1.1540.
Wed, Aug 12
Euro trims losses against the British Pound following hot German inflation data
The Euro (EUR) has picked up from session lows against the British Pound (GBP) on Wednesday as hot German inflation figures have partially offset a mild risk-off sentiment, amid flaring tensions in the Middle East.
Wed, Aug 12
Euro: Upside capped by key resistance against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann report EUR/USD holding near 1.1540 after a quiet session, with momentum indicators mostly flat. Intraday, they expect consolidation between 1.1530 and 1.1560, but a break above 1.1560 could trigger a quick move to 1.1580.
Wed, Aug 12
