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United States Dollar Index falls as Middle East calm cools inflation fears
The US Dollar Index (DXY), which tracks the buck’s value against a basket of six currencies, is down 0.14% to 100.93 as tensions in the Middle East ease, driving Oil prices lower and trimming Fed hawkish bets spurred by the energy shock.
Thu, Jul 9
Dow Jones Industrial Average rebounds on a phone call and borrowed semiconductor strength
DJIA trades near 52,480, higher by around 0.28%, clawing back only a sliver of Wednesday's Gulf-driven rout.
Thu, Jul 9
United States 4-Week Bill Auction up to 3.63% from previous 3.605%
United States 4-Week Bill Auction up to 3.63% from previous 3.605%
Thu, Jul 9
South Korean Won: Oil-linked range view into BoK meeting – Commerzbank
Commerzbank’s Charlie Lay argues that elevated South Korean inflation strengthens the case for a 25bp Bank of Korea (BoK) hike to 2.75% on 16 July.
Thu, Jul 9
Silver Price Forecast: XAG/USD remains stuck in a bearish channel
Silver (XAG/USD) snaps a three-day losing streak on Thursday as a mildly weaker US Dollar (USD) and a pullback in US Treasury yields lend support to the precious metal. At the time of writing, XAG/USD trades around $60.30, up 3.38% on the day.
Thu, Jul 9
US Dollar: Tariff passthrough keeps inflation pressure alive – BNY
BNY’s Geoff Yu reports that the New York Fed’s latest Liberty Street Economics analysis warns many United States (US) firms still plan tariff-related price increases, implying persistent inflation pressures that matter for the US Dollar (USD) and Federal Reserve (Fed) policy.
Thu, Jul 9
Australian Dollar rises as US Dollar softens despite geopolitical tensions
AUD/USD trades around 0.6940 on Thursday at the time of writing, up 0.16% on the day, as the weaker US Dollar (USD) supports the pair despite persistent tensions in the Middle East.
Thu, Jul 9
Canadian Dollar: Sentiment improves as risks fade against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is flat on Thursday but modestly firmer versus the US Dollar (USD) this week, making it a mild outperformer.
Thu, Jul 9
Aave Price Forecast: AAVE eyes $100 after Stable Vaults launch
Aave (AAVE) edges higher above $90.00 at the time of writing on Thursday, amid broader price stabilization in the crypto market. The company has announced Stable Vaults, a platform that allows businesses to integrate fixed-rate stablecoin yield, mildly lifting sentiment in the ecosystem.
Thu, Jul 9
British Pound elevates despite firm US claims
GBP/USD trades higher near the 1.3400 area on Thursday, as the US Dollar (USD) fails to find support from stronger-than-expected United States (US) jobless claims data and hawkish signals in the latest Federal Open Market Committee (FOMC) Minutes.
Thu, Jul 9
Record: Chinese investors pull $2.22 billion from Gold ETFs in June, the highest monthly outflow ever
Chinese investors sharply trimmed their Gold ETF holdings in June, exacerbating global outflows for the month, as local investor risk appetite continued to improve amid equity market gains and a weaker Gold price, data from the World Gold Council (WGC) shows.
Thu, Jul 9
European Central Bank: September hike prospects stay firm – Nordea
Nordea’s Jan von Gerich argues that the European Central Bank (ECB) is likely to continue tightening policy, with the outlook heavily dependent on Middle East developments and energy prices.
Thu, Jul 9
United States EIA Natural Gas Storage Change registered at 61B above expectations (60B) in July 3
United States EIA Natural Gas Storage Change registered at 61B above expectations (60B) in July 3
Thu, Jul 9
Singapore Dollar: Upside risks building as USD stays firm – DBS
DBS Group Research economist Eugene Leow warns that shorter-term Singapore Dollar (SGD) rates may face upside pressure despite recent flush liquidity. He notes SGD rates have decoupled from USD rates, with spreads stretched, while Fed hike expectations remain sticky and the USD strong.
Thu, Jul 9
Chinese Yuan: Range consolidation after recent retreat against US Dollar – UOB
UOB’s Quek Ser Leang notes that after a prior rise in USD/CNH, upward momentum has now faded, with the pair expected to trade between 6.7950 and 6.8100 in the near term.
Thu, Jul 9
Euro holds firm as traders assess geopolitical risks and interest rate outlook
EUR/USD holds modest gains on Thursday, supported by some softness in the US Dollar (USD) as markets assess renewed hostilities in the Middle East. At the time of writing, the pair trades around 1.1444, up 0.25% on the day.
Thu, Jul 9
South Korean Won: Gains hinge on supportive flows against US Dollar – OCBC
Christopher Wong notes that Korean Won strength remains largely flow-driven, with USD/KRW dropping below 1,500 on offshore fund repatriation and official vigilance.
Thu, Jul 9
United States Existing Home Sales (MoM) registered at 4.09M, below expectations (4.2M) in June
United States Existing Home Sales (MoM) registered at 4.09M, below expectations (4.2M) in June
Thu, Jul 9
United States Existing Home Sales Change (MoM) dipped from previous 3.2% to -2.4% in June
United States Existing Home Sales Change (MoM) dipped from previous 3.2% to -2.4% in June
Thu, Jul 9
Fed’s Williams: Inflation is still 'far too high'
Federal Reserve (Fed) Bank of New York President John Williams said in the Future of Market Liquidity and Functioning Workshop in New York on Thursday that inflation remains “far too high,” while stressing that policymakers are actively debating different inflation scenarios as energy prices, artifi
Thu, Jul 9
