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British Pound moves away from multi-week top as Hormuz risks support USD
The GBP/USD pair edges lower at the start of a new week and moves further away from an over three-week high, or levels just above the 1.3500 psychological mark touched on Friday.
Mon, Aug 10
Euro consolidates below its highest level since June 17 as Mideast tensions support USD
The EUR/USD pair kicks off the new week on a subdued note and trades just above 1.1550 during the Asian session, well within striking distance of a fresh high since June 17, touched in reaction to the disappointing US jobs data on Friday.
Mon, Aug 10
Hormuz tensions escalate as unconfirmed missile attack amid fragile US-Iran talks
The ongoing US-Iran conflict has entered a crucial diplomatic phase, with intense fighting and strategic pressure around the vital Strait of Hormuz continuing to drive the dynamic of the war.
Mon, Aug 10
PBOC sets USD/CNY reference rate at 6.7884 vs. 6.7904 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7884 compared to Friday's fix of 6.7904 and 6.7379 Reuters estimate.
Mon, Aug 10
BoJ Summary of Opinions: Board split on pace of rate hikes amid inflation risk
The Bank of Japan (BoJ) published the Summary of Opinions from the July 30-31 monetary policy meeting, which showed a split between members wanting to hold rates to assess the impact of the last rate hike and others pushing to continue or accelerate tightening. Key findings noted below.
Mon, Aug 10
WTI slips below $76.50 despite uncertainty over reopening Strait of Hormuz
West Texas Intermediate (WTI) oil price depreciates after registering over 4% gains in the previous trading day, hovering around $76.40 per barrel during the Asian hours on Monday.
Mon, Aug 10
China: Credit demand and liquidity trends – DBS
DBS Group Research anticipates China’s credit demand to stay weak in July, with new Yuan loans around RMB 10.8 billion and M2 growth at 8% year-on-year. Corporate and household medium- to long-term lending are likely to soften amid cautious borrowing and mortgage prepayments.
Fri, Aug 7
Chinese Yuan: Range trade holds with bullish tone against US Dollar – UOB
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann see USD/CNH confined to a narrow intraday range, with flat momentum suggesting consolidation between 6.7450 and 6.7550.
Fri, Aug 7
Singapore: GDP revision and forecast upgrade – DBS
DBS Group Research expects Singapore’s final 2Q26 GDP to be revised up to 5.9% year-on-year and 1.3% quarter-on-quarter seasonally adjusted, driven by stronger manufacturing and services.
Fri, Aug 7
Hormuz deal hopes rise, as talks progress – RTRS, ABC News
A US official says that there is progress in Oman-Iran talks and that a deal could be signed soon, according to Reuters. Once the deal is announced, this would restore commercial shipping, and the US would lift the blockade.
Fri, Aug 7
GBP/JPY Price Forecast: Rebound holds above 200-day SMA
The British Pound retreats against the Japanese Yen, down about 0.24%, as the Yen is poised to end the week on a higher note. However, GBP/JPY is poised to finish the week with minimal gains, trading at 212.64.
Fri, Aug 7
Philippines: BSP policy outlook shifts – Standard Chartered
Standard Chartered’s Jonathan Koh and Edward Lee now expect Bangko Sentral ng Pilipinas (BSP) to keep its policy rate unchanged at the 27 August meeting, abandoning a previously projected hike.
Fri, Aug 7
Forecasting the upcoming week: US inflation takes center stage next week
The US Dollar Index (DXY) fell below the 100.00 region after sinking through Friday's session. July Nonfarm Payrolls (NFP) showed the US economy shedding 23K jobs against forecasts of an 80K gain, with June revised down to 20K, and Average Hourly Earnings slowing to 3.2% on the year.
Fri, Aug 7
US Treasury yields drop on soft NFP, Hormuz hopes ease Fed risks
US Treasury yields drop across the curve amid growing speculation that the Oman-Iran deal is about to be sealed, which has so far pushed energy prices lower, while investors also digest a “bad” Nonfarm Payrolls report in the US.
Fri, Aug 7
Indonesian Rupiah: Supportive domestic backdrop, capped gains – Commerzbank
Commerzbank’s FX analysts, including Charlie Lay and Moses Lim, note that USD/IDR slipped slightly but stayed below the key 18,000 level as softer global Oil prices and stronger Indonesia Q2 GDP supported the Rupiah.
Fri, Aug 7
Silver Price Forecast: XAG/USD clears 50-day SMA, eyes $65
Silver price surges nearly 3% as it clears the 50-day Simple Moving Average (SMA) at $62.13, and reclaims the $63.00 figure as it struggles to surpass key resistance seen at $63.28, the July 6 high.
Fri, Aug 7
EUR/JPY recovers from session low but remains down on Friday
EUR/JPY trades on the back foot on Friday, easing away even as the Euro (EUR) posts solid gains against the US Dollar (USD). The Japanese currency surged suddenly near the start of the American session after a surprisingly weak United States (US) employment report.
Fri, Aug 7
GBP/USD Price Forecast: Bulls need 1.3560 to unlock 1.3600
The Pound Sterling edges higher by some 0.29%, yet it remains trading sideways, unable to decisively crack 1.3500 after reaching a weekly peak of 1.3506, and has retreated to the 1.3490 area.
Fri, Aug 7
Singapore Dollar: Upside risk capped by 1.2790 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/SGD has firmed modestly, with the pair closing at 1.2835 after testing both 1.2800 and 1.2840. Short-term momentum now favors a mild upside, though strong resistance at 1.2850 is expected to cap gains.
Fri, Aug 7
Mexican Peso hits five-month high on weak US jobs data
The Mexican Peso capitalizes on a weaker US jobs report and soars versus the US Dollar as risk appetite improves and the US Dollar gets battered on speculation that the Federal Reserve might not raise rates in 2026. The USD/MXN trades at 17.18, after refreshing five-month lows at 17.09.
Fri, Aug 7
