Forex
SNB holds policy rate at 0% as inflation eases and GDP growth stays strong
The Swiss National Bank left its key rate unchanged, citing modest inflation pressure and robust Q2 GDP, while signalling readiness to intervene in foreign‑exchange markets.
Euro falls to $1.145 as oil rises and German political turmoil weighs
The euro slipped to $1.145, its lowest since late July, amid higher Brent crude prices and mounting political risk after the CDU’s defeats in German state elections.
Swiss Market Open Under Pressure as US Futures, Oil Rise and FX Shifts Dominate
Asian markets and Swiss equities face headwinds from rising Brent crude, US futures declines and expectations of Fed rate hikes.
Swiss equities open lower as SMI falls, Novartis under pressure
The Swiss Market Index drops 0.6% to 13,979 points, with only three SMI stocks gaining. Novartis faces renewed pressure, while Adecco and Barry Callebaut perform well.
Swiss equities slip as Roche, Novartis drag; ABB gains, yen hits 7‑month high
The SMI fell about 1% to 14,221 points, led by 3%‑plus losses in Novartis and Roche after a failed Pelacarsen trial. ABB rose, while the yen strengthened to 154.07 per dollar, its lowest level in seven months.
Dollar correction gathers pace as Fed hike odds rise, EU risks mount
The greenback’s recent rebound faces headwinds as hawkish Fed repricing collides with political uncertainty in Europe and Japan. Correction seen extending into Q4.
Synaptics executive sells $404,000 in shares ahead of onsemi deal
Vikram Gupta, Synaptics' senior vice president, disposed of 4,277 shares under a prearranged trading plan. The move follows Synaptics' $7 billion acquisition agreement with onsemi.
AI Upside and Downgrades: Why the Euro Faces a Fork in the Road
European AI moves—from Einride’s fleet platform to analyst downgrades of SAP—create a split narrative for the euro, balancing productivity hopes against near‑term risk sentiment.
Why the Dollar’s Upcoming PCE Test Could Unsettle the Yield Curve—and What It Means for Euro‑Dollar
As core PCE looms, a retreat in long‑dated yields signals a fragile dollar rally; I argue the data will reshape expectations for Fed policy and the EUR/USD trajectory.
U.S. Treasury sanctions 60 entities in new economic campaign against Iran
Washington targets digital assets, tech, gold, aviation and shipping sectors as Trump administration escalates pressure on Tehran. China and Russia remain outside initial sanctions list.
Japan weighs tax breaks on sales of non-core assets to spur restructuring
Proposal would defer 30% of corporate tax on divestitures if proceeds are reinvested in core operations, modeled after Germany’s 2000s reforms.
Alnylam to unveil ATTR, hypertension drug data at ESC 2026
Late-breaking studies on vutrisiran and zilebesiran will be presented during the European Society of Cardiology Congress in Munich. Data include Phase 3 and Phase 2 analyses alongside real-world ATTR burden findings.
USD faces persistent pressure as technical setups shape weekly forex trade
Analysts highlight key support levels and potential downside risks for the U.S. dollar amid mixed global macro signals. Trade setups suggest continued weakness unless critical levels hold.
USD/JPY stuck in 158-159.78 range as US curve tensions persist
Yield differentials with Japan and Treasury’s efforts to cap long-end borrowing costs keep the dollar-yen pair range-bound. Fed’s Warsh faces a policy dilemma ahead of Jackson Hole.
BCA Research advises selling U.S. dollar against won, yen, euro
BCA Research recommends shorting the greenback versus the South Korean won, Japanese yen, Taiwan dollar, Singapore dollar and euro, citing falling U.S. real yields and weaker foreign portfolio inflows.
Emerging market currencies hit fresh highs as dollar weakens
MSCI emerging market currency index rises 0.3% to extend eight-week winning streak, while equities gain 1.3% as U.S. yields rebound.
BofA flags stable CTA Treasury shorts, rising EUR/USD short-cover risk
Bank of America notes U.S. Treasury futures positioning remains heavily short with limited near-term cover risk, while slower-moving trend followers face pressure to reduce stretched EUR/USD short bets as the dollar weakens.
Swiss franc overtakes yen in carry trade as SNB cheers shift
The Swiss franc has become the preferred funding currency for new carry trades, displacing the yen as global investors seek lower volatility and stable yields. The shift benefits the SNB and Swiss exporters amid a fragile market backdrop.
Argentina trade surplus widens to $2.12 bln in July
Exports rose to $8.85 billion while imports climbed to $6.74 billion, exceeding analyst forecasts of $1.85 billion.
Poland’s industrial output rises 5.1% in July, below forecasts
Factory production growth slowed to 5.1% year-on-year in July, undershooting expectations of a 4.9% gain, as mining and manufacturing momentum eased from June.
Analysis: US Treasury buybacks seen supporting softer dollar, risk appetite
Analysts argue the latest US Treasury intervention signals concern over high bond yields rather than a policy credibility crisis, potentially aiding high-beta and emerging market currencies.
Carry traders target Swiss franc as yen loses appeal
Hedge funds boosted net short positions in the Swiss franc to a two-month high as yen carry trades face volatility after recent interventions. Analysts cite low Swiss rates and SNB intervention risks as key drivers.
Shanghai cuts mortgage down payment to 15% to revive housing demand
City reduces minimum down payment for second homes and offers subsidies up to 80,000 yuan as authorities roll out fresh measures to stabilize the property market.
Why the Swiss Franc Is Poised to Re‑Emerge as the Go‑To Funding Currency
After a rare yen intervention, traders are eyeing the franc’s zero‑rate environment as the next cheap carry, a shift that could reshape EUR/CHF and USD/CHF dynamics.