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Australia National Australia Bank's Business Confidence up to -5 in June from previous -14
Australia National Australia Bank's Business Confidence up to -5 in June from previous -14
Tue, Jul 14
Euro posts modest gains above 1.1350 as traders await US CPI inflation release
The EUR/USD pair posts modest gains near 1.1385 during the Asian trading hours on Tuesday. Nonetheless, the potential upside for the major pair might be limited amid renewed US military strikes against Iran.
Tue, Jul 14
Canadian Dollar gains on higher oil prices
USD/CAD continues its losing streak after remaining flat in the previous day, trading around 1.4150 during the Asian hours on Tuesday. The pair depreciates as the commodity-linked Canadian Dollar (CAD) receives support from higher oil prices.
Tue, Jul 14
New Zealand Dollar rallies as RBNZ's Conway fuels rate hike bets
The NZD/USD pair attracts some dip-buyers during the Asian session on Tuesday, stalling the previous day's retracement slide from the vicinity of the 0.5800 mark or the monthly peak touched last week.
Tue, Jul 14
PBOC sets USD/CNY reference rate at 6.7990 vs. 6.7972 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7990 compared to the previous day's fix of 6.7972 and 6.7927 Reuters estimate.
Tue, Jul 14
WTI spikes amid escalating Middle East Tensions
West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $79.60 per barrel during the Asian hours on Tuesday. Crude oil prices rise due to mounting supply anxieties following a sharp escalation of geopolitical hostilities in the Middle East.
Tue, Jul 14
Australia Westpac Consumer Confidence rose from previous -2.9% to 83.9% in July
Australia Westpac Consumer Confidence rose from previous -2.9% to 83.9% in July
Tue, Jul 14
Australian Dollar weakens to near 0.6900 as US launches more strikes against Iran
The AUD/USD pair trades with mild losses around 0.6915 during the early Asian session on Tuesday. Ongoing geopolitical tensions in the Middle East continue to boost a safe-haven currency such as the US Dollar (USD) against the Australian Dollar (AUD).
Tue, Jul 14
Singapore Gross Domestic Product (QoQ) in line with expectations (1.1%) in 2Q
Singapore Gross Domestic Product (QoQ) in line with expectations (1.1%) in 2Q
Tue, Jul 14
Singapore Gross Domestic Product (YoY) registered at 5.7% above expectations (5.5%) in 2Q
Singapore Gross Domestic Product (YoY) registered at 5.7% above expectations (5.5%) in 2Q
Tue, Jul 14
Iranian missiles hit two UAE tankers in Hormuz — Reuters
The United Arab Emirates (UAE) Ministry of Defence said that two UAE national tankers, the Mombasa and Al Bahiyah, were targeted by two Iranian cruise missiles in the southern lane of the Strait of Hormuz, in Omani territorial waters, Reuters reported on Tuesday.
Mon, Jul 13
Gold tumbles below $4,000 on Trump’s Iran port blockade move, US CPI data looms
Gold price (XAU/USD) remains under selling pressure near $3,995 during the early Asian session on Tuesday. The precious metal extends its downside as renewed US-Iran tensions keep inflationary pressures high.
Mon, Jul 13
RBNZ's Conway: Inflation to return to 2% over medium term
Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway said on Tuesday that the central bank is not discussing a shift to a tightened policy stance, adding that inflation is to return to 2% over the medium term.
Mon, Jul 13
Malaysian Ringgit: Johor result keeps policy continuity – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note that Barisan Nasional’s strong win in Johor reinforces UMNO’s political momentum but leaves federal policy continuity intact, limiting immediate implications for the Malaysian Ringgit (MYR).
Mon, Jul 13
China: Prolonged stagnation path – Commerzbank
Commerzbank’s Dr. Henry Hao argues China’s housing downturn, now in its fifth year, is settling into an L-shaped stagnation with a pronounced K-shaped regional divergence.
Mon, Jul 13
Malaysian Ringgit: Johor result keeps policy continuity – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note that Barisan Nasional’s strong win in Johor reinforces UMNO’s political momentum but leaves federal policy continuity intact, limiting immediate implications for the Malaysian Ringgit (MYR).
Mon, Jul 13
New Zealand NZIER Business Confidence (QoQ): 8% (2Q) vs -4%
New Zealand NZIER Business Confidence (QoQ): 8% (2Q) vs -4%
Mon, Jul 13
British Pound Sterling buckles as Trump builds the Hormuz toll booth he swore would never exist
The British Pound Sterling is spending Monday learning the difference between a recovery and a reprieve.
Mon, Jul 13
Euro slides as Waller warning, Iran strikes lift US Dollar
The shared currency begins the week on a lower note, down 0.31% as risk aversion fueled flows towards the US Dollar amid heightened tensions in the Middle East. Also, hawkish comments by a Fed official underpinned US Treasury yields, suggesting markets expect the US central bank to raise rates.
Mon, Jul 13
Chinese Yuan: Consolidation after sharper drop against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann note that USD/CNH fell more than expected to 6.7766 before rebounding, with the sharp decline seen stabilising and intraday consolidation likely between 6.7780 and 6.7920. For the next 1–3 weeks, they expect range trading between 6.7700 and 6.8100.
Mon, Jul 13
