July 2, 2026 6:04 am
Key Moments NZD/USD trades around 0.5685 in Asian hours, staying just below Tuesday’s one-week peak. Markets price roughly a 64% probability of a Fed rate hike in September and nearly 85% by year-end amid persistent inflation. Geopolitical tensions and hawkish Federal Reserve expectations continue to underpin USD strength, limiting NZD/USD upside. NZD/USD Steadies Near Recent […]
Read moreJuly 2, 2026 5:59 am
Key Moments AUD/USD traded around 0.6900 during Asian hours on Thursday after Australia’s May Trade Balance swung to a A$3,018M deficit. Exports dropped 6.9% MoM in May while imports rose 2.6% MoM, sharply missing expectations for a A$2,200M trade surplus. The US Dollar stayed stable after Fed Chair Kevin Warsh avoided clear July policy guidance […]
Read moreJuly 2, 2026 5:50 am
Key Moments The People’s Bank of China set the USD/CNY central parity at 6.8088 for Thursday’s session. The new fixing compared with the prior day’s reference rate of 6.8067. The latest setting differed from a Reuters estimate of 6.7929 for the USD/CNY midpoint. Latest USD/CNY Fixing The People’s Bank of China (PBOC) set the central […]
Read moreJuly 1, 2026 1:55 pm
Key Moments EUR/GBP trades around 0.8598, marking its weakest level since July 2025. Eurozone headline HICP inflation slows to 2.8% YoY in June, missing the 3.0% forecast and down from 3.2% in May. ECB and BoE policy signals and UK political uncertainty shape market expectations for future rate moves. Euro Weakens After Eurozone Data Surprise […]
Read moreJuly 1, 2026 10:47 am
Key Moments The Hungarian forint recorded its strongest quarterly performance against the euro since 2Q09, gaining 7.8% on a spot basis. EUR/HUF has struggled to hold below the 350 level as investors reassess Hungary’s widening fiscal deficit, which may exceed 8% of GDP. The 10-year HUGB moved from a pre-election discount of about 150bp to […]
Read moreJuly 1, 2026 10:43 am
Key Moments Commerzbank’s Tatha Ghose sees recent Turkish trade data improvements as mostly cosmetic, driven by temporary factors in energy imports. Seasonally-adjusted numbers show no trend improvement in the trade deficit, with imports maintaining strong momentum while exports stay flat. Ghose argues that an overheated economy and insufficient monetary tightening keep the current account and […]
Read moreJuly 1, 2026 10:27 am
Key Moments Headline inflation in Poland moved down from 3.1% to 2.5%, matching the National Bank of Poland’s official target. Market pricing has shifted from potential rate hikes to rate cuts, with about 10bp in longer-term easing now reflected in rates. EUR/PLN has tested the 4.300 resistance level and could move higher if the NBP […]
Read moreJuly 1, 2026 9:12 am
Key Moments USD/INR has been slightly bid near 94.70 but remains capped below its 50-day moving average around 95.02 since mid-June. Foreign portfolio investors purchased a record INR418bn ($4.4bn) of Indian government bonds via the FAR route in June. Yields on 40-year and 50-year bonds declined to 7.38% and 7.45% in June following their inclusion […]
Read moreJuly 1, 2026 9:00 am
Key Moments EUR/USD traded near 1.1390 on Wednesday in European hours, extending losses after stalling in the previous session. Faster-than-expected inflation slowdowns in Germany, France, and Italy have reduced expectations that the ECB will maintain elevated interest rates. Fed funds futures reflected nearly a 67% probability of a Federal Reserve rate hike by September, supporting […]
Read moreJuly 1, 2026 8:43 am
Key Moments USD/CHF trades around 0.8090 and has advanced for a second straight session during Asian hours on Wednesday. Fed funds futures imply nearly a 63% probability of a U.S. rate hike by September, supporting the U.S. Dollar. Switzerland’s June KOF Economic Barometer rose to 101.2 from a revised 98.6 in May, its highest reading […]
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