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US Dollar: AI-driven imports reshape trade – Commerzbank
Commerzbank’s Volkmar Baur says AI-related capital-goods imports are structurally widening the US trade deficit. Strong foreign demand currently helps finance the gap, but weaker confidence in the United States (US) AI (Artificial intelligence) investment story could create risks for the Dollar.
Fxstreet
Fri, Jul 10
Equities: Tech and chips drive relief rally – Deutsche Bank
Deutsche Bank strategists say a strong semiconductor rally and lower oil prices helped lift global equities. The S&P 500 rebounded as investors rotated from defensive sectors into growth and cyclical stocks, while gains in Micron and SK Hynix reinforced confidence in the AI investment cycle.Fxstreet
Fri, Jul 10
Indian Rupee gains further as US Dollar extends decline
The Indian Rupee (INR) extends Thursday’s recovery against the US Dollar (USD) in the opening session on Friday. The USD/INR pair falls further to near 95.22 as the US Dollar weakens as the restart of the war in the Middle East between the United States (US) and Iran won’t be prolonged.
Fxstreet
Fri, Jul 10
Australian Dollar edges higher to near 0.6950 on RBA hawkish rhetoric
The AUD/USD pair attracts some buyers to near 0.6950 during the Asian trading hours on Friday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) on hawkish rhetoric from the Reserve Bank of Australia (RBA).
Fxstreet
Fri, Jul 10
Japan’s Kiuchi: Government consistently signals policy commitment to fiscal sustainability
Japan's Economy Minister Minoru Kiuchi said on Friday that the government consistently signals policy commitment to fiscal sustainability. Kiuchi added that there’s no shift in government stance, and monetary policy tools remain the Bank of Japan’s (BOJ) decision.Fxstreet
Fri, Jul 10
US official says it remains committed to resolution with Iran, technical discussions ongoing
A US official signaled that it is still committed to the memorandum of understanding with Iran, even though US President Donald Trump’s declared earlier this week that the framework deal to end the Iran war was “over” after Tehran carried out strikes against vessels in the Strait of Hormuz and againFxstreet
Thu, Jul 9
Chinese Yuan: Fixing guidance fades, path less anchored – OCBC
OCBC’s Christopher Wong observes that Renminbi (RMB) appreciation guidance is waning, with CNH-CNY fixing gaps narrowing and daily adjustments moderating. Policymakers appear to be shifting toward RMB stability rather than further appreciation.
Fxstreet
Thu, Jul 9
Fed unveils Warsh task forces to lead broad review
The US Federal Reserve revealed in a statement that the members of the task forces mentioned by the new Fed Chair, Kevin Warsh, at the first monetary policy meeting, who also reiterated the “Fed’s commitment to price stability, and maximum employment mandate in 'unwavering' and will be pursued “withFxstreet
Thu, Jul 9
Singapore Dollar: Range bias holds above 1.2890 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang notes that USD/SGD’s mild downward pressure has eased, with the pair expected to stay range-bound. Intraday, the Dollar is seen trading between 1.2920 and 1.2960, while over the next 1–3 weeks UOB projects a broader 1.2890–1.2990 band.
Fxstreet
Thu, Jul 9
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