Foreign Exchange

Gold: Breakout extends as yields ease – OCBC

OCBC’s Christopher Wong and Sim Moh Siong highlight a sharp rebound in Gold as easing Middle East tensions weighed on Oil and US Treasury yields, softening the US Dollar.

British Pound: Gains capped below 1.3555 against US Dollar - UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report GBP/USD edged higher to 1.3469 after briefly touching 1.3486, with short-term momentum only slightly firmer. The pair is expected to trade in a higher 1…

Forex Today: US Dollar stabilizes as markets turn cautious on Mideast uncertainty

USD/CHF Price Forecast: Poised to extend gains beyond 0.8100 amid bullish setup

The USD/CHF pair attracts some buyers near the 0.8060 region on Thursday amid a modest US Dollar (USD) uptick. Spot prices, for now, seem to have snapped a two-day losing streak and trade around the 0.8080-0.8085 region…

Australian Dollar eases from highs as the impact from Trade Balance figures fade

The Australian Dollar (AUD) posts moderate losses against the US Dollar (USD) on Thursday, retreating to the 0.7040 area from three-week highs at 0.7064 on Wednesday.

Gold pares intraday gains, hangs near daily low as USD steadies ahead of NFP

Gold (XAU/USD) surrenders intraday gains to a fresh high since June 18 – levels just above the $4,300 mark – and trades near the lower end of the daily range heading into the European session on Thursday.

Canadian Dollar remains on the front foot vs USD as oil rebounds and Fed hike bets fade

The USD/CAD pair remains on the back foot during the Asian session on Thursday, with bears now awaiting a break below the 1.4000 psychological mark before positioning for an extension of the previous day's pullback from…

US President Donald Trump's administration refunds $100bn of ‘liberation day’ tariffs

This represents around 60% of all tariff revenue collected by the US government under the policy, according to a recent court filing from US Customs and Border Protection.

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 …

Euro strengthens above 1.1550 as softer US data

The EUR/USD pair edges higher to near 1.1555 during the Asian trading hours on Thursday. US Dollar (USD) softens against the Euro (EUR) on cooling tensions in the Middle East and weaker-than-expected US economic data. T…

Fed's Daly: Some signs tariff impact on inflation starting to fade

Federal Reserve (Fed) Bank of San Francisco President Mary Daly said on Thursday that tariffs have had a clear impact on inflation, though she pointed to early signs that effect is beginning to ease.

US Senate confirms Schwartz as CDC director

Help turn values into votes by mobilizing voters and electing reproductive freedom champions up and down the ballot.

Euro advances as US labor data disappoints

EUR/USD trades on the front foot near 1.1560 on Wednesday, adding around 0.2% as a weak United States (US) labor market report undermines the US Dollar (USD). The US Dollar Index (DXY) slips 0.22% toward 99.70, remainin…

Silver Price Forecast: XAG skyrockets above $60, tests 50-day SMA

Silver (XAG/USD) price surges more than 4% on Wednesday as the Greenback remains on the back foot due to softer-than-expected jobs and data, though the fall was capped as business activity in the services sector continu…

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 g…

Gold rallies as Iran-US deal seems closer ahead of NFP

Gold (XAU/USD) price surges to its highest level in nearly seven weeks, gaining nearly 3.80% on Wednesday as the Greenback loses ground and US Treasury yields fail to gain traction. The XAU/USD pair trades at $4,232, it…

Dollar hits seven-week low amid hopes for Hormuz deal, soft U.S. economic data

August 5, 2026, 11:23 PM EDT. Asian equities slid 0.69%, weighed down by a drop in tech shares, including Samsung Electronics (-2.44%), SK Hynix (-6.95%), Kioxia (-9.61%) and Tokyo Electron (-4.61%). Oil prices hovered …

WTI holds near three-week low as traders await Hormuz agreement

West Texas Intermediate (WTI) Crude Oil remains under pressure on Wednesday but struggles to attract fresh selling as traders await confirmation that commercial shipping through the Strait of Hormuz will resume. At the …

Swiss Franc gains as US economic data disappoints and Fed hike bets weaken

The Swiss Franc (CHF) strengthens against the US Dollar (USD) on Wednesday as weaker-than-expected US economic data pressures the Greenback, while traders closely follow efforts to reopen the Strait of Hormuz. At the ti…

Dow Jones Industrial Average takes another record on Tehran's terms

The Dow Jones Industrial Average (DJIA) trades near 54,500 on Wednesday, 0.76% higher and at a fresh record, roughly 1,400 points above the high it set in early July.

Japanese Yen consolidates as traders weigh weak US data, market sentiment

USD/JPY trades around 157.65 on Wednesday at the time of writing, little changed on the day, as weakness in the US Dollar (USD) is offset by investors' cautious stance toward the Japanese Yen (JPY).

Oil: Geopolitics test supply routes – BNY

BNY’s Geoff Yu reports Oil prices rose after the Houthis claimed a missile strike on a Saudi tanker near Yanbu, highlighting risks to alternative export routes while Strait of Hormuz disruptions persist. He notes Washin…

Strategists lower Euro forecasts, remain skeptical over Yen interventions - Reuters

Reuters’ latest poll of foreign exchange strategists shows a modest downward revision in Euro (EUR) forecasts while highlighting persistent market skepticism over the effectiveness of Japanese currency intervention.

Indian Rupee: RBI stance and inflows support Rupee – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad reports USD/INR is firmer after recently testing a one‑month low, following the Reserve Bank of India’s (RBI) unanimous decision to keep its policy rate at 5.25% and maintain…