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Equities: Global risk rally extends on softer inflation – Deutsche Bank
Deutsche Bank strategists highlight a broad-based rally in global equities as lower Oil prices, easing inflation expectations and resilient US data support risk appetite. The S&P 500 and major European indices hit or approached record highs, while Asian benchmarks also advanced.Fxstreet
Wed, Aug 5
British Pound: Consolidation with limited upside scope against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann analysts report GBP/USD traded quietly between 1.3423 and 1.3456 after a prior spike to 1.3506. They expect near‑term consolidation in a 1.3425–1.3470 band.
Fxstreet
Wed, Aug 5
Equities: Rally extends on reduced downside fears – Danske Bank
Danske Research Team describes a strong global equities session driven by reduced downside risks rather than upgraded growth expectations. Easing concerns over the Iran conflict and the AI bubble compressed risk premia, lifting global equities close to a 15% year‑to‑date return.
Fxstreet
Wed, Aug 5
Indonesian Rupiah remains stronger on strong domestic GDP
USD/IDR depreciates after registering minor gains in the previous day, trading around 17,970 during the Asian hours on Wednesday. The currency pair is under downward pressure as a combination of strong Indonesian economic performance and softening US Dollar (USD) demand weighs on the pair.Fxstreet
Wed, Aug 5
India Reverse Repo Rate: 3.35%
Fxstreet
Wed, Aug 5
China’s RatingDog Services PMI eases to 50.4 in July, vs. 53.7 expected
China's Services Purchasing Managers' Index (PMI) declined to 50.4 in July from 54.1 in June, the latest data published by RatingDog showed on Wednesday. This figure came in weaker than the market expectations of 53.7.
Fxstreet
Wed, Aug 5
US Treasury Secretary Bessent: Many Asian currencies track Yen now, including Won and Yuan
US Treasury Secretary Scott Bessent said that the weakness of the Japanese Yen (JPY) has contributed to Japan’s inflation problem and raised the risk of broader depreciation of Asian currencies, Bloomberg reported on Tuesday.Fxstreet
Wed, Aug 5
US Secretary of State Rubio says US-Iran talks progress, deal could come "very shortly"
US Secretary of State Marco Rubio said there has been progress made in discussions with Iran and Oman on getting more ships through the Strait of Hormuz but no final deal has been achieved, the Guardian reported on Tuesday.Fxstreet
Wed, Aug 5
RBI set to keep interest rates unchanged as inflation risks persist
The Reserve Bank of India (RBI) is set to announce its bi-monthly monetary policy decision on Wednesday at 10:00 AM IST (04:30 GMT), another meeting coming at a time when uncertainty remains high over the duration and economic fallout of the ongoing Middle East conflict.Fxstreet
Wed, Aug 5
Fed's Schmid: Tighter monetary policy required to bring inflation back to 2% target
Federal Reserve Bank of Kansas City President Jeff Schmid said on Wednesday that tighter monetary policy is needed to get inflation back to the 2% target. Schmid added that inflation is 'too high' and 'worrisome' and the current stance of Fed policy is not restrictive.Fxstreet
Wed, Aug 5
Japan Labor Cash Earnings (YoY) meets forecasts (3.4%) in June
Fxstreet
Tue, Aug 4
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