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Australia’s Trade Balance shows a surprise surplus of 1,929M MoM in June, vs. -1,100 expected
Australia's Trade Balance shifted to surplus of A$1,929M MoM in June, followed a deficit of 2,367M in the previous reading (revised from A$3,018M), according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.
Fxstreet
Thu, Aug 6
Chinese Yuan: Gradual strengthening against US Dollar toward 6.7300 – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann reports USD/CNH slipped to 6.7459 after failing to extend a modest bounce, with limited downside momentum. Intraday, they see potential to test last week’s 6.7420 low but doubt a sustained break below.Fxstreet
Wed, Aug 5
Indonesia: Growth-inflation mix supports steady BI stance – DBS
DBS Group Research economist Radhika Rao notes Indonesia’s onshore markets are focused on the appointment of a new Bank Indonesia Governor after Perry Warjiyo’s departure, with Acting Governor Destry Damayanti prioritising non-rate measures and IDR liquidity.Fxstreet
Wed, Aug 5
Fed Cook backs hold but warns rate hike possible if disinflation stalls
Fed Governor Lisa Cook said she supported leaving rates unchanged at the last Federal Open Market Committee (FOMC) meeting, as she awaits more data. She added that inflation risks outweigh job market risks, while reaffirming her full commitment to restoring price stability.Fxstreet
Wed, Aug 5
Singapore Dollar: Break of 1.2790 may unlock further gains – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/SGD was broadly flat on Tuesday, with SGD NEER trading 1.5–2.0% above its mid-point, implying a 1.2773–1.2837 range. Intraday, they expect consolidation between 1.2805 and 1.2840.
Fxstreet
Wed, Aug 5
British Pound: Range trade holds ahead of Q2 GDP against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the British Pound (GBP) is slightly firmer versus the US Dollar (USD), with modestly better PMIs but a fading fundamental backdrop as 2-year spreads give back gains since late June.
Fxstreet
Wed, Aug 5
Indian Rupee: RBI seen defending 97 band onshore – Societe Generale
Societe Generale’s Kunal Kundu and Galvin Chia judge the Reserve Bank of India's (RBI) August policy outcome as neutral for the Indian Rupee (INR). They highlight fewer comments on INR and flows, but recall Governor Malhotra’s view that INR is not undervalued.Fxstreet
Wed, Aug 5
British Pound: Sterling pressured into autumn against Euro – Rabobank
Rabobank's Senior FX Strategist Jane Foley discusses recent British Pound (GBP) weakness versus the Euro (EUR), linking it to reduced Bank of England (BoE) tightening expectations and political developments under UK Prime Minister Burnham.
Indian Rupee: Dovish MPC hold supports prolonged pause – Standard Chartered
Standard Chartered Bank economists Saurav Anand and Anubhuti Sahay note that India’s Monetary Policy Committee (MPC) kept the repo rate at 5.25% with a neutral stance, sounding more dovish than in April and June.Fxstreet
Wed, Aug 5
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