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Japanese Yen weakens as surprise current account deficit weighs
USD/JPY advances 0.73% on Monday and trades around 158.95 at the time of writing.
Mon, Aug 10
The Canadian Dollar takes back two months in ten sessions
The Canadian Dollar trades at its strongest against the US Dollar since the second week of June, with the rate holding just above 1.3900 into the afternoon.
Mon, Aug 10
The Dow Jones Industrial Average kept what payrolls lost
The Dow Jones Industrial Average trades near 54,000 on Monday, lower by a tenth of a percent inside a range of barely 200 points, the narrowest daily bar in weeks. Every price of the session sits inside Friday's range, and Friday's sat inside Thursday's.
Mon, Aug 10
British Pound climbs as Hormuz talks stall, US CPI up next
The Pound Sterling advances during the North American session, up 0.20% as markets digest developments in the Middle East and await crucial inflation data in the United States (US). The GBP/USD trades at 1.3520 after bouncing off daily lows of 1.3483.
Mon, Aug 10
Emerging Markets: Selectivity key as Fed path clouds – HSBC
HSBC Asset Management notes that Emerging Market local-currency bonds have delivered strong returns over the past four years, supported by credible policies and attractive real yields, but year-to-date performance has softened as US Treasury yields rose and EM-US real rate differentials narrowed.
Mon, Aug 10
Denmark: Tax cuts keep inflation below the euro area – Nordea
Nordea economist Jan Størup Nielsen notes that Danish inflation eased slightly in July, with headline consumer prices up 1.7% year-over-year and core inflation steady at 2.3%.
Mon, Aug 10
USD/CAD Price Forecast: Bearish pressure builds below 1.4000
USD/CAD trades on the back foot on Monday even as the US Dollar (USD) regains some ground after weakening last week following softer-than-expected US Nonfarm Payrolls (NFP) data. Attention now turns to Wednesday’s US Consumer Price Index (CPI) report.
Mon, Aug 10
Strategy sells another 1,690 BTC to fund STRC stock buybacks as Bitcoin holds steady
Strategy (MSTR) reported on Monday the sale of Bitcoin (BTC) worth roughly $109 million between August 3 and August 9, raising money for its STRC stock buybacks.
Mon, Aug 10
Eurozone: Resilient data but growth risks weigh on Euro – Rabobank
Rabobank's Senior FX Strategist Jane Foley notes Eurozone Q2 Gross Domestic Product (GDP) and Purchasing Managers' Index (PMI) data surprised to the upside, suggesting resilience despite higher energy prices and supply disruptions.
Mon, Aug 10
Australian Dollar stays flat ahead of RBA rate decision
The Australian Dollar (AUD) trades near the 0.7060 level against the US Dollar (USD) on Monday, giving back a little ground after six straight weeks of gains.
Mon, Aug 10
Euro holds ground against US Dollar amid Fed uncertainty ahead of US CPI
EUR/USD treads water on Monday as the US Dollar (USD) steadies following its post-NFP weakness, while Oil prices rise amid uncertainty over the reopening of the Strait of Hormuz. At the time of writing, the pair trades around 1.1553, virtually unchanged on the day.
Mon, Aug 10
Australian Dollar jumps as Yen struggles with Japan’s fiscal woes
AUD/JPY rises 0.70% on Monday and trades around 112.25 at the time of writing. The pair benefits from broad weakness in the Japanese Yen (JPY), while the Australian Dollar (AUD) holds firm ahead of the Reserve Bank of Australia (RBA) monetary policy decision on Tuesday.
Mon, Aug 10
Federal Reserve: Sideways growth and sticky inflation – TD Securities
TD Securities’ US economists Oscar Munoz and Eli Nir expect US output growth to move sideways in 2026 as the lingering Oil shock and Iran-related risks keep the Federal Reserve on hold through year-end.
Mon, Aug 10
Japanese Yen: Faces risk of return to 160 against US Dollar – ING
ING’s Francesco Pesole highlights that softer United States (US) data and a more dovish Fed outlook should, in theory, benefit the Japanese Yen (JPY) given its high rate sensitivity.
Mon, Aug 10
US Dollar: Positioning-driven softness ahead of CPI – BNY
BNY’s Wee Khoon Chong notes that the US Dollar (USD) has been the weakest G10 currency on iFlow metrics as markets scale back expectations for a September Fed hike.
Mon, Aug 10
Euro: Softer CPI may unlock 1.1600 against US Dollar – ING
ING’s Francesco Pesole notes that with key Eurozone data behind and European Central Bank (ECB) communication subdued, EUR/USD is now driven mainly by the United States (US) side.
Mon, Aug 10
British Pound rises against Japanese Yen as intervention impact fades
GBP/JPY edges higher on Monday as the Japanese Yen (JPY) underperforms across the G10 currency space, with structural headwinds limiting the impact of recent intervention. At the time of writing, the cross trades around 214.70, up 0.85% on the day.
Mon, Aug 10
Hungarian Forint: Recovery against Euro may resume – Commerzbank
Commerzbank’s Tatha Ghose notes that the Hungarian Forint (HUF) has only partially retraced its post-election gains and is expected to recover if global risk conditions stabilise, with EUR/HUF seen returning towards 350–355 in coming months.
Mon, Aug 10
Gold: CTA selling limits upside below $4,400 - TD Securities
TD Securities’ commodity strategists report that Gold is holding gains after weaker US jobs data reduced perceived Fed hike risks, but CTAs (Commodity Trading Advisors) are unwinding length.
Mon, Aug 10
WTI Oil jumps over 3% as Iran sets conditions for Strait of Hormuz reopening
West Texas Intermediate (WTI) US Oil rises 3.20% on Monday and trades around $78.80 at the time of writing. Oil prices retain strong daily gains, supported by uncertainty surrounding the reopening of the Strait of Hormuz and persistent tensions in the Middle East.
Mon, Aug 10
