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Indonesian Rupiah : Under pressure with hawkish BI bias – Societe Generale
Societe Generale notes Bank Indonesia’s (BI) reaction function is driven by the Indonesian Rupiah (IDR) and exchange rate stability. The report says the Rupiah faces pressure from a stronger US Dollar (USD) and hawkish Federal Reserve (Fed) pricing, with stress around USD/IDR 18,000.Fxstreet
Tue, Jul 14
Hungary: Growth outlook getting brighter – ING
ING economists Peter Virovacz and Frantisek Taborsky turn more optimistic on Hungary’s growth outlook, noting positive surprises in high-frequency data and stronger consumption. They still project 1.5% GDP growth in 2026 but now see clear upside risks.
Fxstreet
Tue, Jul 14
Fed Chair Warsh to note they have no tolerance for persistently elevated inflation
According to the prepared remarks that Federal Reserve (Fed) Chairman Kevin Warsh will deliver during his testimony on the Semiannual Monetary Policy Report before the US House Financial Services Committee, he will note that the Fed has no tolerance for persistently elevated inflation.Fxstreet
Tue, Jul 14
Euro declines against Canadian Dollar as oil prices rise
EUR/CAD extends its losing streak for the third consecutive day, trading around 1.6070 during the European hours on Tuesday. The currency cross depreciates as the commodity-linked Canadian Dollar (CAD) gains ground on higher oil prices.Fxstreet
Tue, Jul 14
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