Forex News

3 hours ago

The Fed's Senior Loan Officer Survey collapsed to -26.8% from -12.9% last quarter, signaling a sharp tightening in bank lending standards. This deterioration suggests credit conditions are tightening faster than expected, potentially reinforcing dovish Fed expectations and USD weakness amid the ongoing credibility collapse narrative.

5 hours ago

The Manufacturing PMI registered 55.6% in July, 2.3 points above June and the highest since May 2022, with the overall economy expanding for the 21st month running. (PR Newswire) This beat the market forecast of 54, marking the fastest growth pace in more than four years. (FXStreet) Four...

5 hours ago

Trump lashed out at Iran for denying his claim that talks were underway to reopen the Strait of Hormuz, calling Iran's leadership "unbelievably duplicitous" for begging for talks and then denying they're taking place. He said "nothing gets through to Iran, unless we want it to," and that the US...

5 hours ago

Trump dismissed Iran's claim that it would "powerfully" operate the Strait of Hormuz as "usual blather," insisting it's already under full US Navy control via its blockade — which he called "The United States Wall of Steel." He said nothing gets through Iran unless the US allows it, and the...

5 hours ago

Colombia's central bank unexpectedly halted rate increases and announced a dollar-reserve buildup program, signaling the peso's three-month rally has overextended. The decision directly counters currency strength and shifts policy to USD accumulation. COP/USD traders face reversal risk as the bank actively intervenes to weaken the peso.

7 hours ago

US ISM Manufacturing PMI rose to 55.6 in July, beating consensus of 54.0 and prior 53.3, signaling stronger factory activity. USD typically strengthens on robust manufacturing data, but current market focus on Fed dovish pivot and credibility collapse may limit upside; traders should watch if this data challenges Fed's easing...

7 hours ago

US ISM Manufacturing Prices Paid index fell to 71.1 in August from 73.0 previously, slightly beating the 71.0 forecast. The decline signals easing input-cost pressures in manufacturing, supporting the Fed's dovish pivot narrative. USD weakness likely persists as market reprices lower-for-longer rate expectations; JPY may strengthen on coordinated intervention backdrop.

7 hours ago

US ISM Manufacturing Employment Index printed 52.8 in August, well above the 50 forecast and prior 49.7, signaling stronger manufacturing job growth. This hawkish labor surprise contradicts the Fed-dovish narrative and could support USD near-term, though it clashes with current market consensus of rate-cut momentum. Watch USD pairs, particularly USD/JPY...

7 hours ago

US ISM Manufacturing PMI jumped to 55.6 in August, beating expectations of 53.9 and prior 53.3, signaling stronger factory activity than anticipated. However, with markets focused on Fed credibility collapse and dovish pivot driving USD weakness, this stronger data may challenge the current narrative but faces headwinds from broader monetary...

7 hours ago

S&P Global released the July manufacturing PMI, a key gauge of US factory-sector health. The report measures production, new orders, and employment across manufacturing. PMI is a leading economic indicator affecting USD positioning; softer readings support the dovish Fed narrative already driving dollar weakness, while stronger data could challenge the...

9 hours ago

BOJ rate increases and coordinated U.S.-Japan FX intervention underpin JPY strength. USD/JPY faces downward pressure as intervention signals commitment to yen support. Traders should monitor intervention frequency and BOJ guidance for sustained catalysts; near-term technicals critical.

10 hours ago

Romania's EU-funded investment is driving macro adjustment, but consumption remains weak, fiscal execution lags, and inflation stays elevated, clouding the outlook. The RON faces pressure from domestic demand weakness; EUR/RON may edge higher if growth concerns deepen, though the currency pair trades within structural ranges lacking immediate catalysts.

12 hours ago

Bank of Japan data indicates approximately 5.3 trillion yen in currency intervention occurred Friday, likely supporting the yen amid broader USD weakness driven by Fed credibility concerns. USD/JPY affected; intervention signals BOJ–US Treasury coordination to stabilize yen volatility and support carry-trade unwinding resolution.

12 hours ago

Eurozone government bond yields stabilized Monday, with short-dated borrowing costs dipping as a sharp decline in crude oil prices relieved inflationary pressure following a diplomatic breakthrough in the Middle East. The two-year German yield fell to 2.766%, while the 10-year Bund held at 3.155%, after Trump announced direct talks with...

12 hours ago

The final S&P Global UK Manufacturing PMI eased to 51.9 in July from 52.5 in June — a four-month low, though still above 50 for a ninth straight month. Despite the softer headline, output, new orders and new export business all accelerated, with production growth hitting its fastest pace in...

12 hours ago

BOJ money market indicators suggest Japan may have intervened in currency markets, likely coordinated with US Treasury to support yen weakness amid broader USD selloff. JPY intervention reinforces dovish Fed narrative and Treasury coordination. Affects USD/JPY and broader risk sentiment.

12 hours ago

Iran denied on Sunday, August 2 that it had agreed to reopen the Strait of Hormuz, contradicting Trump's claim that outlines of a deal had been reached (Siasat Daily) after he canceled a planned strike. Fars News Agency, citing a source close to the negotiating team, said the strait...

12 hours ago

The Federal Reserve took an unprecedented action not seen since 1968, signaling a dovish policy pivot. This moves markets toward USD weakness and supports risk-on sentiment. USD/JPY and EUR/USD are key pairs to watch as the dollar weakens on Fed credibility concerns and dovish expectations.

12 hours ago

US President Trump cancelled planned military strikes on Iran to resume Middle East peace negotiations, sending Brent crude down 5% to $83.50/bbl and WTI below $79.50/bbl. Risk-off unwind supports safe-haven JPY and CHF; USD weakens as geopolitical premium deflates. Energy-linked commodity currencies (AUD, CAD, NOK) face headwinds from lower oil.

13 hours ago

Record-low Rhine River water levels underscore mounting supply chain vulnerabilities tied to climate and geopolitical stress. European logistics and trade efficiency face headwinds; firms must build structural buffer stocks. EUR/USD traders should monitor downstream impacts on eurozone manufacturing PMI and growth forecasts.

13 hours ago

The yen strengthened to ¥155/USD on Monday, its highest level since early May, after Washington and Tokyo confirmed a rare coordinated currency intervention late last week. USD/JPY weakness signals Fed dovish pivot alignment with BOJ policy; traders should monitor intervention persistence and USD strength metrics.

13 hours ago

Eurozone manufacturing PMI showed fastest production growth since March 2022, but new order momentum remains weak. The mixed signal—strong output offset by sluggish demand—limits EUR upside and reinforces dovish ECB expectations. EUR/USD traders see this as insufficient to shift rate-cut pricing; demand weakness matters more than production gains.

14 hours ago

Turkey's July inflation came in at 31.75% year-over-year, down from 32.11% in June and slightly better than the 31.90% forecast. The modest miss suggests disinflation momentum, supporting a potential continued easing bias from the Central Bank of Turkey. USD/TRY traders will monitor if this validates rate-cut expectations.

14 hours ago

Turkey's July month-on-month CPI printed 1.78%, below the 1.91% forecast and down from 0.99% in June, signaling easing inflation momentum. USD/TRY may weaken as softer inflation could prompt Central Bank of Turkey rate cuts, supporting the lira despite broader USD weakness from Fed dovish pivot.

14 hours ago

Turkey's July core CPI came in at 29.91% year-over-year, beating the 30.47% forecast but slightly above June's 29.84%, signaling persistent inflation pressure. USD/TRY traders will watch for Central Bank policy response; softer-than-expected core data may ease hawkish pressure but remains elevated, keeping TRY support fragile amid regional macro volatility.

14 hours ago

Turkey's producer price inflation eased to 27.83% year-over-year in July from 28.09% in June, signaling modest disinflation momentum. The decline supports the Central Bank of Turkey's case for further rate cuts, but persistent double-digit inflation keeps TRY vulnerable. USD/TRY and emerging-market FX pairs tracking Turkish monetary policy shifts will respond...

14 hours ago

ING Think is hosting a live webinar Thursday to examine a contrarian scenario where the Federal Reserve cuts rates by next summer, contrary to current market expectations for a September hike. The session will analyze US interest-rate outlook and dollar implications. Relevant for USD positioning as dovish Fed narratives remain...

15 hours ago

Switzerland's headline CPI eased to 0.4% YoY in July from 0.5%, matching expectations; core CPI held steady at 0.3%. Monthly CPI declined 0.1% as expected. The data suggests persistent disinflation, supporting the SNB's dovish stance and potential for further rate cuts, pressuring CHF across major pairs.

15 hours ago

Sweden's Swedbank/SILF Manufacturing PMI fell to 55.8 in July from 58.3 previously, signaling continued but slower expansion in factory activity. The decline suggests cooling momentum in Swedish manufacturing. EUR/SEK traders should monitor for potential SEK weakness if softer data prompts Riksbank policy reassessment.

15 hours ago

Markets digest last week's macro data and central-bank commentary ahead of Friday's US payrolls, with volatility expected to persist. Oil prices remain a critical factor determining whether rates settle higher or lower by week-end. USD pairs face directional pressure depending on rate trajectory and risk sentiment.