August 7, 2026 2:15 pm
Key Moments Banxico unanimously kept the overnight policy rate at 6.50% on August 6 and continues to view the stance as appropriate. Rabobank’s Molly Schwartz and Christian Lawrence expect the policy rate to remain at 6.50% throughout 2026 and 2027, with inflation convergence pushed back to Q4 2027. Rabobank sees USD/MXN moving sideways between 17 […]
Read moreAugust 7, 2026 1:58 pm
Key Moments EUR/GBP has been oscillating in a tight band below its 50-day SMA at 0.8584, trading around 0.8575. Rabobank strategists see scope for pound weakness and favor buying EUR/GBP on dips toward 0.8550. Upside targets sit at the 100-day and 200-day SMAs at 0.8630 and 0.8675, while support levels emerge at 0.8550, 0.8500, and […]
Read moreAugust 7, 2026 1:44 pm
Key Moments GBP/USD trades around 1.3506, near a three-week high, after weaker-than-expected U.S. Nonfarm Payrolls data. The U.S. economy lost 23K jobs in July versus expectations for an 80K increase, while the unemployment rate declined to 4.1% from 4.2%. Market-implied odds of a Federal Reserve rate hike in September drop to about 42.1%, compared with […]
Read moreAugust 7, 2026 9:56 am
Key Moments EUR/CAD trades around 1.6160 after rebounding from two sessions of declines. German Industrial Production increases 0.2% MoM in June, topping the 0.1% forecast but slowing from May’s revised 0.7%. Markets still price in only one more ECB hike this year, with about a 40% chance of a second move. EUR/CAD Supported by German […]
Read moreAugust 7, 2026 9:51 am
Key Moments GBP/JPY has been consolidating near 213.00 after rebounding from mid-209.00s, its lowest level since early March. Japan’s fiscal plans and the sizable Bank of England – Bank of Japan rate gap continue to weigh on the Yen. Japanese consumer spending declined 3.3% year-on-year in June, marking a seventh consecutive monthly contraction. Cross Holds […]
Read moreAugust 7, 2026 9:27 am
Key Moments EUR/JPY trades around 182.50 after snapping a three-session advance, remaining below its nine-period and 50-period EMAs. Key downside levels include the eight-month low at 179.37 and the nine-month low at 175.70, while the 14-day RSI near 39 points to soft momentum. Euro is the weakest against the Japanese Yen on the day, according […]
Read moreAugust 7, 2026 9:19 am
Key Moments USD/INR trades near 95.27 as markets await the July U.S. Nonfarm Payrolls release at 06:00 PM IST (12:30 GMT). July ADP employment growth slowed to 44k, reinforcing expectations for softer official U.S. payrolls data. MCX August crude oil contract gains 1.13% to about Rs. 7,460, adding pressure on oil-importing currencies such as the […]
Read moreAugust 7, 2026 9:04 am
Key Moments USD/CHF trades near 0.8130, extending gains for a second straight session as risk aversion boosts demand for the US Dollar Heightened Middle East tensions and higher US yields and oil prices fuel concerns about another potential Federal Reserve rate hike Subdued Swiss inflation at 0.4% and a 0.00% SNB policy rate keep the […]
Read moreAugust 7, 2026 8:51 am
Key Moments AUD/JPY broke its three-day advance and traded near 111.30 during Asian hours on Friday as safe-haven demand favored the Yen. China’s June Trade Balance exceeded forecasts in both USD and CNY terms, but showed moderation in export and import growth. Rabobank still sees risk of an additional RBA rate hike this year, underpinning […]
Read moreAugust 7, 2026 8:35 am
Key Moments GBP/USD trades near 1.3450, extending losses for a second straight session during Asian hours on Friday. Narrowing UK-US yield spreads and revived UK stagflation concerns weigh on the British pound despite improving political sentiment. Heightened tensions in the Strait of Hormuz and a steady hawkish tone from Fed commentary continue to underpin US […]
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