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DBS Group strategists Taimur Baig and Nathan Chow expect South Korea’s August exports to stay strong near 60% year-on-year, underpinning the outlook for the KOSPI and Korean Won (KRW) even as growth moderates from June’s peak. They also see headline and core CPI around 3%, reinforcing its view that further Bank of Korea (BoK) rate hikes are likely this year.Exports robust, inflation reaccelerating”August trade and inflation data will be the key focus in the week ahead. Exports are expected to remain strong at around 60% yoy in August, as inferred from the first 20 days of data (+56% yoy), resulting…

Bank of England (BoE) Governor Andrew Bailey said on Friday that he doesn’t see significant second-round inflation effects in the UK, in an interview with Bloomberg TV at the Jackson Hole Symposium.Bailey stated, “We’re seeing quite subdued second-round effects, I think we’ve seen a softening labour market for some time now,” suggesting that he is in a wait-and-see mode, ahead of the BoE’s monetary policy on September 17.Bailey stressed that the BoE is not pre-committed to an interest rate path, assessing the economic situation meeting by meeting, adding that “We are seeing, at the moment, relatively muted second-round inflation effects.”Key…

Silver price makes a U-turn after reaching a two-month high of $71.12, then dives below the $69.00 figure as Fed Chair Kevin Warsh leaned hawkish in his Jackson Hole speech, pushing US Treasury yields higher. Consequently, the white metal edged lower, as XAG/USD trades at $66.76, down 3.60%.XAG/USD Price Forecast: Technical OutlookFrom a price action standpoint, Silver’s false breakout above the $70.00 level could open the door to a deeper-than-expected pullback, even though XAG is short-term upward biased. Momentum, as depicted in the Relative Strength Index (RSI), favours further upside as buyers are in control. However, over the last two days,…

Under the RBI’s concessional swap facility, Banks and public sector undertakings raised $4.860 billion. | Photo Credit: FRANCIS MASCARENHAS In order to absorb surplus liqudity in the banking system arising from robust inflows via Foreign Currency Non-Resident (Bank) deposits, the RBI has decided to conduct a 15-day Variable Rate Reverse Repo (VRRR) auction for a whopping ₹6 lakh crore under the liquidity adjustment facility (LAF) on August 31, 2026.This auction, probably the biggest in recent times, comes in the backdrop of the banking system being awash with liquidity. As per RBI data, the liquidity system in the banking system stood at…

The previous record high for India’s forex reserves was $728.494 billion in the week ended February 27, 2026. | Photo Credit: Dado Ruvic India’s foreign exchange reserves soared to an all-time high of $729.328 billion in the week ended August 21, 2026, with the reserves being boosted by robust inflows into foreign currency non-resident (Bank) deposits mobilised by banks under the RBI’s limited period concessional sway facility.In the reporting week, the reserves jumped by $12.422 billion. Since March-end 2026, India’s reserves perked up by $38.221 billion.The previous record high for India’s forex reserves was $728.494 billion in the week ended February 27,…

BNY’s Geoff Yu notes that month-end rebalancing flows leave the British Pound (GBP) vulnerable, with GBP seen as particularly exposed after strong performance and stretched GBP/USD levels. United Kingdom (UK) assets react to Chancellor Healey’s emphasis on fiscal discipline under the Labour government, while business confidence improves and pricing intentions ease, shaping expectations for the Pound and gilts.Pound exposure and shifting UK backdrop”MXN stood out as the clearest carry expression, while GBP and EUR benefited from hedging flows and relatively supportive rate profiles.””GBP looks particularly exposed given stretched GBP/USD levels and the associated earnings-translation drag, while EUR faces a similar,…

The rupee rose on Friday, rounding out a weekly gain, boosted by a spurt of dollar liquidity ahead of the closing of a special deposit window.The rupee ended at 95.3775, up 0.2 per cent from Thursday’s close of 95.54. The currency reversed modest early losses in afternoon trade as deposit-related dollar inflows triggered stop-losses and unwinding in positions betting on rupee weakness. The currency climbed 0.3 per cent versus the dollar on the week.The Reserve Bank of India’s discounted non-resident dollar deposit scheme ends on Monday and bankers said the central bank’s decision to give lenders greater flexibility in accessing…

Deutsche Bank strategists note that EUR/USD traded at 1.165 as markets await Fed Chair Warsh’s Jackson Hole speech, which could shift expectations for the September Fed meeting. They highlight that market pricing still assigns a 35% probability to a hike, and recent Fed commentary shows a divide on how restrictive policy should be.Jackson Hole and divided Fed views”Before we get on to that however, the market focus today will be on the Jackson Hole symposium, where Fed Chair Warsh is speaking at 3pm London time. This is a significant one, as the speech is often used by Fed Chairs to…

Silver price (XAG/USD) depreciates after registering modest gains in the previous day, trading around $68.80 per troy ounce during the Asian hours on Friday. Silver price drops as investors adopt a cautious stance ahead of Federal Reserve (Fed) Chair Kevin Warsh’s upcoming speech at the annual Jackson Hole symposium, where markets hope to gain clarity on the future direction of US interest rates.The white metal’s decline comes on the heels of stronger-than-expected US inflation data released earlier this week. The higher inflation figures have reinforced market expectations of another interest rate hike before the end of the year, with the…

HONG KONG: The U.S. dollar held flat near a one-week high against major peers on Friday, as investors stood on the sidelines ahead of Federal Reserve Chair Kevin Warsh’s speech at the Jackson Hole symposium for clues on his policy outlook.The euro and sterling were subdued near one-week lows against the greenback, last at $1.1652 and $1.3597, respectively, though both remained on track for a second straight monthly gain.The yen was little changed at 159.34 ‌per dollar, having ⁠surrendered ⁠part of its intervention-driven gains, but it was still headed for a 1.3% monthly rise.The dollar index, which measures the currency…