Latest Forex News

Cencora says Walgreens volumes shift, reaffirms guidance, shares sink

Earnings call transcript: Haypp Group posts record Q2 2026 growth, shares rise

US consumer inflation mild in July, economy still not out of the woods

Earnings call transcript: Engie Energía Chile tops Q2 2026 estimates

Candel Therapeutics at canaccord growth conference: prostate cancer push

Cencora maintains earnings guidance as some Walgreens volume moves away

Holley Performance Brands at Canaccord Genuity’s 46th Annual Growth Conference: turnaround gains

Helus Pharma at Canaccord Genuity growth conference: phase iii test looms

Peltz-led group preparing bid to take Wendy’s private, source says

Russian July inflation slows to 0.54% m/m

British Pound holds near 1.3500 as CPI relief meets Hormuz risk

The Pound Sterling holds firm within familiar levels after the US inflation report was aligned with estimates, a relief for the Federal Reserve, which is laser-focussed on tackling higher prices. The GBP/USD trades at around 1.3500 after reaching a high of 1.3546.

Australian Dollar slips as US Dollar steadies post CPI

AUD/USD is trading near the 0.7070 zone, holding onto a minority of Wednesday's gains after the pair touched a session high near 0.7090.

Singapore Dollar: Strong Singapore growth supports SGD against US Dollar – Commerzbank

Commerzbank analysts highlight that Singapore’s final Q2 GDP was revised up, lifting H1 growth to 6.1% year-on-year and prompting MTI to raise its 2026 GDP forecast to 4.5–5.5%.

New Zealand Dollar struggles as political uncertainty overshadows US inflation

NZD/USD retreats to around 0.5865 on Wednesday at the time of writing, down 0.25% on the day. The New Zealand Dollar (NZD) remains under pressure against the US Dollar (USD), while inflation data from the United States (US) triggers only a limited reaction across the foreign exchange market.

Cooler inflation buys the Dow Jones Industrial Average nothing

The July Consumer Price Index (CPI) landed at 12:30 GMT on every line the consensus had written for it, and the Dow Jones Industrial Average (DJIA) has spent the hours since handing back the few minutes of enthusiasm that followed.

Japanese Yen pares gains against US Dollar as markets digest US CPI

The Japanese Yen trims its gains against the US Dollar (USD) on Wednesday as in-line US CPI data fails to trigger a significant move. At the time of writing, USD/JPY trades around 159.20 after touching an intraday low of 158.58.

Oil: Tightening supply supports elevated prices – BNY

BNY notes Crude Oil prices remain elevated as doubts over a US–Iran deal heighten supply concerns.

Silver jumps more than 2% after US inflation meets expectations

Silver (XAG/USD) accelerates its advance on Wednesday and trades around $66.00 at the time of writing, up 2.18% on the day.

US Dollar: Bearish momentum extends after CPI – TD Securities

TD Securities strategists note that July US inflation came in broadly in line with expectations, with headline CPI rising 0.1% m/m and core CPI increasing 0.2% m/m.

President Trump says US has "total control" of Hormuz

United States (US) President Donald Trump used a post on Truth Social to declare that the US has "total control" over the Strait of Hormuz on Wednesday., Trump boasted about the American naval presence near the Persian Gulf, which he described as "a wall of steel".

Euro steadies against Pound Sterling as traders await UK GDP verdict

The Euro (EUR) steadies against the Pound Sterling (GBP) on Wednesday, with EUR/GBP trading flat near the 0.8540 zone after two consecutive declines.

Emerging Markets: Steepening Treasuries curb appeal – BNY

BNY’s Geoff Yu reports that sovereign bonds from commodity-based EM economies have seen accelerated selling after the Fed decision, despite a weaker Dollar and lower U.S. real yields.

British Pound: Improving sentiment supports gains against US Dollar – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret report the British Pound (GBP) is posting fractional gains versus the US Dollar (USD) and outperforming G10 peers as improving sentiment supports price action.

Canadian Dollar steadies as US inflation meets expectations, Oil limits downside

USD/CAD trades around 1.3915 on Wednesday at the time of writing, virtually unchanged on the day with a modest decline of 0.06%.

Pound Sterling retains gains as US CPI trims September Fed hike odds

GBP/USD trades modestly higher on Wednesday as the US Dollar (USD) comes under mild pressure following the release of the latest US inflation figures. However, the market reaction remains limited as the data broadly matched expectations.

Brazil: Lula victory could deepen fiscal risks - Societe Generale

Societe Generale analysts Brendan McKenna and Dev Ashish outline scenarios for Brazil’s 2026 election, assigning a 65% probability to President Lula winning a fourth term and 30% to Flavio.

United Kingdom: Resilience tested as data mixed – Rabobank

Rabobank's Senior FX Strategist Jane Foley reviews recent United Kingdom (UK) data against Eurozone performance. Foley notes Eurozone Q2 Gross Domestic Product (GDP) at 0.4% q/q and a 0.7% UK upturn in the three months to May.

Oil: Chinese demand recovery could lift prices – NBC

National Bank of Canada's (NBC) Jocelyn Paquet analyzes how China’s sharp reduction in petroleum imports helped offset the Middle East supply shock and limit Oil price gains. The July rebound in Chinese imports is highlighted as historically large in percentage terms.

Euro remains little changed as US CPI fails to surprise the markets

EUR/USD trades around 1.1550 on Wednesday at the time of writing, up a modest 0.08% on the day.

IEA forecasts 4.3 million bpd drop in global Oil supply

The International Energy Agency (IEA) cut its global Oil supply and demand forecasts for 2026 amid shipping disruptions in the Middle East.

Australian Dollar: Gradual gains against US Dollar remain likely – MUFG

MUFG’s Michael Wan reports the Reserve Bank of Australia kept its policy rate at 4.35% in a unanimous decision. AUD/USD initially dipped on the statement but later rebounded as Governor Bullock reiterated hawkish inflation concerns.

US Dollar: Soft CPI risks weigh on outlook – ING

ING’s Chris Turner expects US July CPI to be the key driver for the Federal Reserve’s next move, with consensus looking for subdued headline and core readings that edge closer to the 2% target.

Japanese Yen: Intervention doubts as flows favor US Dollar – BNY

BNY’s Wee Khoon Chong highlights that institutional investors bought Dollar and sold Japanese Yen after the June BoJ hike, and again following late-July joint intervention to weaken USD/JPY. Despite official action, real money treated the move as a USD/JPY buying opportunity.

New Zealand Dollar slides as Middle East tensions give US Dollar the upper hand

NZD/USD extends its decline for a third consecutive day on Wednesday and trades around 0.5860 at the time of writing, down 0.28% on the day.

United States Dollar Index trades calmly ahead of US Inflation data

The US Dollar (USD) reflects a sideways performance against its peers ahead of the United States (US) Consumer Price Index (CPI) data is scheduled to be published at 12:30 GMT.

Why is the Japanese Yen stuck near 159.25 after the first joint US-Japan intervention since 2011?

The Japanese Yen (JPY) continues to navigate complex market dynamics, consolidating near the 159.25 level against the US Dollar (USD) following a sharp upward push.

EUR/USD Price Forecast: Biding its time near 1.1550, awaiting US CPI numbers

The Euro (EUR) nurses marginal gains against the US Dollar (USD) on Wednesday, with the EUR/USD pair flattening just below the 1.1550 level during the European trading session.

GBP/JPY Price Forecast: Recovery stalls below the 50-day SMA

GBP/JPY holds firm on Wednesday, trading within Monday’s range as the Japanese Yen (JPY) stays on the back foot, having given up nearly half of the gains triggered by the joint US-Japan intervention. At the time of writing, the cross trades around 215.12, virtually unchanged on the day.

Gold holds gains above $4,400 after US CPI meets expectations

Gold (XAU/USD) extends gains above $4,400 on Wednesday as traders digest US inflation data, which came broadly in line with expectations. At the time of writing, XAU/USD trades around $4,429, up 1.38% on the day.

Breaking: US CPI inflation softens to 3.4% in July as expected

Annual inflation in the United States (US), as measured by the change in the Consumer Price Index (CPI), declined to 3.4% in July from 3.5% in June, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This print came in line with the market expectation.

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