Australia’s Trade Surplus reached A$1,929M in June, significantly surpassing expectations, propelled by a 9.6% increase in exports. An Iran-Oman shipping agreement in the Strait of Hormuz has diminished the demand for the US Dollar as a safe haven. US private payrolls increased by a mere 44K in July, falling short of expectations and exerting pressure … Read more
The USD/CHF pair experiences a decline as the US Dollar shows signs of weakening, attributed to a decrease in safe-haven demand. An agreement between Iran and Oman regarding shipping routes in the Strait of Hormuz has heightened expectations for a boost in energy flows from the Middle East. Swiss inflation unexpectedly declined to 0.4% in … Read more
USD/JPY softens to approximately 157.65 in the early Asian session on Thursday. Bessent stated that the US supported Japanese Yen intervention to assist in stabilising Asian currencies. The US July jobs data will attract significant attention later on Friday. The USD/JPY pair is currently positioned in negative territory, hovering around 157.65 in the early hours … Read more
On Wednesday, the USD/JPY declined to 157.47, as the Japanese yen halted its recent appreciation. US Treasury Secretary Scott Bessent reaffirmed Washington’s support for Japan following the historic joint currency intervention. Over three sessions, the yen appreciated by nearly 5% following coordinated purchases by Tokyo and Washington, representing the largest such operation in decades. Both … Read more
GBP/USD declines as the US Dollar receives backing from a recovery in 10-year US Treasury yields. Easing tensions in the Strait of Hormuz diminishes the demand for safe-haven assets, a development attributed to diplomatic advancements between the US and Iran. Markets reduced expectations for a 2026 interest rate increase following indications from the Bank of … Read more
Easing tensions in the Strait of Hormuz reduced safe-haven demand for the US Dollar, leading to a depreciation of the pair. The United States, Iran, and Oman are anticipated to finalise an interim agreement aimed at reopening the Strait of Hormuz, with an announcement expected on Wednesday. BBH’s Elias Haddad notes that the low inflation … Read more
Australia’s ANZ–Indeed Job Ads increased by 2.0% in July, reflecting widespread robustness across various states and sectors. The TD-MI Inflation Gauge experienced a notable increase of 1.0% in July, representing its first rise since April. RBA Governor Bullock cautioned that elevated underlying inflation may increase further, postponing any potential policy easing. AUD/USD experiences an uptick … Read more
USD/JPY weakens to near 157.40 in Tuesday’s early Asian session. The coordinated intervention between the US and Japan bolsters the Japanese Yen. The US July jobs report will attract significant attention on Friday. The USD/JPY pair experiences a slight decline, settling near 157.40 in the early hours of trading on Tuesday in Asia. The Japanese … Read more
USD/CAD advances to approximately 1.4030 during the early European session on Monday. Trump announced that new discussions with Iran would commence on Monday. Market participants will be paying keen attention to the forthcoming US NFP report, scheduled for release later on Friday. The USD/CAD pair strengthens, approaching 1.4030 in the early European session on Monday. … Read more
USD/JPY declines to approximately 156.45 during the early European session on Monday. Japan and the US have confirmed a joint intervention to buy JPY, indicating the possibility of further actions to stabilise the currency. Trump indicated that discussions with Iran would recommence on Monday following the cancellation of proposed military actions. The USD/JPY pair experiences … Read more
