FXStreet
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South Korean Won: Stable Fed and AI demand support KRW against US Dollar – ING
ING economists Deepali Bhargava and Lynn Song highlight a sharp 8% drop in USD/KRW earlier in the second quarter, driven by temporary flows such as Hynix ADR repatriation and National Pension Service hedging adjustments, alongside a hawkish Bank of Korea (BoK) hike.
Thu, Aug 6
Singapore Dollar: Upside risk capped against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/SGD stayed broadly flat on Wednesday, trading between 1.2804 and 1.2825 and closing at 1.2810.
Thu, Aug 6
Philippine Peso: Inflation and politics weigh on PHP against US Dollar – ING
ING economists Deepali Bhargava and Lynn Song warn that upside inflation risks are re-emerging for the Philippine Peso (PHP), driven by recovering Oil prices and expectations of a strong El Niño that could spark a food-price shock. Rising global rice and fertiliser prices add to pressures.
Thu, Aug 6
Ethereum Price Forecast: Whales absorb retail distribution as bear market nears late stage
Ethereum (ETH) large holders have been accumulating the supply of retail investors in 2026.
Thu, Aug 6
Fed’s Musalem backs rate hikes, says inflation remains too high
The St. Louis Fed President, Alberto Musalem, stressed that “inflation is too high” and that it’s “critical” that monetary policy focuses on bringing down inflation.
Thu, Aug 6
Mexican Peso strengthens as Banxico hold extends 10-day rally
The Mexican peso extends its rally to 10 straight days, gaining over 0.12% on Thursday after the Bank of Mexico (Banxico) left interest rates unchanged. At the time of writing, the USD/MXN exotic pair trades at 17.21, after reaching a daily high of 17.26.
Thu, Aug 6
Indonesia: Headline GDP strength, mixed momentum – Societe Generale
Societe Generale economist Kunal Kundu notes Indonesia’s 2Q26 Gross Domestic Product (GDP) grew 5.3% year-on-year, beating the bank’s 5.1% forecast, but warns the composition is less reassuring.
Thu, Aug 6
New Zealand Dollar drops amid a firmer US Dollar
NZD/USD trades lower near the 0.5900 level at the time of writing, with no New Zealand catalyst behind the move. The US Dollar Index (DXY) is up 0.26% near the 100.00 level, and the Kiwi is simply on the wrong side of it.
Thu, Aug 6
Hyperliquid reports strong Q2 growth despite revenue decline
Hyperliquid Research Collective (HRC) reported on Thursday broad growth across Hyperliquid's key operating metrics in Q2 despite a decline in revenue, as adoption of its HIP-3 ecosystem and HYPE token continued to accelerate.
Thu, Aug 6
Forex Today: US Dollar firms ahead of Nonfarm Payrolls as Hormuz risk returns
The US Dollar (USD) posted gains against every major currency on Thursday, with the US Dollar Index (DXY) up 0.26% near the 100.00 level as Oil rallied 3% on the reported Strait of Hormuz vessel ban, while Gold and Silver declined.
Thu, Aug 6
Thailand: Supply-led pressures and prolonged hold for BoT – UOB
UOB Global Economics & Markets Research, led by economists Enrico Tanuwidjaja and Sathit Talaengsatya, analyzes Thailand’s July CPI undershoot driven by lower fuel prices while core inflation edges higher.
Thu, Aug 6
Indonesian Rupiah: Policy uncertainty weighs on IDR against US Dollar – ING
ING economists Deepali Bhargava and Lynn Song flag renewed policy uncertainty for the Indonesian Rupiah (IDR) after the surprise resignation of Bank Indonesia’s (BI) governor, just as sentiment toward Indonesian assets was improving.
Thu, Aug 6
South Korean Won: Flow reversal case builds – Societe Generale
Societe Generale strategist Kiyong Seong turns tactically constructive on USD/KRW, arguing that recent Won strength has been driven by late-stage flow factors rather than fundamentals.
Thu, Aug 6
British Pound: Sentiment offsets softer spreads – Scotiabank
Scotiabank’s team notes the Pound is fractionally weaker versus the Dollar, with fundamentals less supportive as yield spreads soften. However, sentiment is improving as markets fade earlier political concerns following PM Burnham’s arrival and stronger-than-expected construction PMI.
Thu, Aug 6
Banxico keeps interest rates unchanged at 6.50% as expected
The Bank of Mexico, also known as Banxico, held rates unchanged at 6.50% as expected by most analysts, unanimously, for the third consecutive meeting, after ending its easing cycle in May.
Thu, Aug 6
USD/JPY Price Forecast: Bulls retake 200-day SMA amid recovery
The USD/JPY advances by some 0.41%, clearing the 200-day Simple Moving Average (SMA) at 158.06, as the Greenback recovers some ground following two days of intervention in the FX markets by US and Japanese authorities.
Thu, Aug 6
Thai Baht: Supply risks and FX sensitivities – UOB
UOB’s economists highlight that Thailand’s inflation outlook is shaped by supply-side factors and external variables such as Oil and USD/THB.
Thu, Aug 6
WTI climbs as Iran-Oman agreement details dampen optimism over Oil flows
West Texas Intermediate (WTI) Oil rebounds on Thursday as traders react to details of the proposed Iran-Oman agreement on the Strait of Hormuz. At the time of writing, WTI trades around $76.50 per barrel, up nearly 2.80% on the day.
Thu, Aug 6
Hormuz ship ban triggers a jump in US yields, fuels Fed hike bets
US Treasury yields climb along the curve as the Oman-Iran deal, which banned US and Israeli ships, whether military or civilian, from entering the Persian Gulf, drives crude prices higher, and as traders await the latest employment report.
Thu, Aug 6
Australian Dollar holds as Oil rally offers no help
AUD/USD is down 0.36% for the day, but still above the 0.7000 region, giving back Wednesday's gains as the US Dollar (USD) firms across the board. The US Dollar Index (DXY) is up 0.28% near the 100.00 psychological level.
Thu, Aug 6
