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Tehran Markets Its Hormuz Attacks as Customer Service; Washington Responds in Ordnance
Iran's Foreign Ministry spent Tuesday insisting it is diligently fulfilling its Strait of Hormuz commitments under the memorandum signed at Versailles, hours after projectiles struck a Qatari liquefied natural gas carrier and a Saudi tanker inside the waterway it claims to be safeguarding.Fxstreet
Tue, Jul 7
Vietnam: Supportive stance as inflation risks recede – DBS
DBS Group Research economist Chua Han Teng expects the State Bank of Vietnam to keep its refinancing rate at 4.50% through end-2026. The report highlights a broadly stable Vietnamese Dong against the US Dollar, easing headline inflation, and strong GDP growth.Fxstreet
Tue, Jul 7
Singapore Dollar: Range consolidation holds against US Dollar – Commerzbank
Commerzbank’s Charlie Lay highlights that USD/SGD has been stable around 1.2920, with SGD NEER estimated at roughly +0.8% above its mid-point. The pair has traded within a 1.29–1.30 range for a month and Lay expects near-term consolidation.Fxstreet
Tue, Jul 7
NY Fed Consumer Inflation Expectations jumped despite gas relief
The New York Fed Survey of Consumer Expectations shows that Americans are growing worried about the high cost of living, as one-year inflation expectations rose from 3.5% in May to 3.7% in June, the highest level since September 2023.
Fxstreet
Tue, Jul 7
National Bank of Poland: Wait-and-see stance holds – ING
ING economists Rafal Benecki and Adam Antoniak expect the National Bank of Poland (NBP) to keep interest rates unchanged at 3.75% on 9 July and through year-end, with hikes ruled out and cuts seen as unlikely in the near term.
Fxstreet
Tue, Jul 7
British Pound: Capped by layered resistance against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the British Pound (GBP) is slightly softer against the US Dollar (USD) after encountering resistance near 1.3400, with limited fresh data and Bank of England (BoE) news.
Fxstreet
Tue, Jul 7
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