South Korea Central Bank Set to Raise Interest Rates as Inflation Stays Elevated 
Asian Currencies Weaken as Stronger Dollar Weighs, Yen Supported by GPIF Repatriation Hopes 
Dollar Holds Steady Ahead of U.S. CPI as Oil Surge, Middle East Tensions Keep Markets on Edge 
South Korea’s KOSPI Triggers Trading Curb as AI Chip Stock Selloff Deepens 
Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
Dollar Rises as Middle East Conflict Fuels Inflation and Rate Hike Fears 
Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow 
Singapore GDP Grows 5.7% in Q2 2026 as AI-Driven Manufacturing Boosts Economy 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
Dollar Eases as Middle East Conflict, Fed Outlook and Japan Pension Policy Drive FX Markets 
US retail sales not only surprised to upside, June was revised higher.
- Headline sales rose by 0.6% in July from June. The data was much better, given June sales were revised upwards from -0.1% to +0.2%.
- Core sales that excludes auto grew by 0.4%, little shy of 0.5% anticipated, however that should be more than compensated by June revision.
Consumers seem to be warming up to better economic prospects and job gains.
Dollar is up against most currencies, however it seems to have failed to reignite itself against the majors, namely Euro, Pound, Franc and Yen.
All of them are down just marginally post release, which pose doubts over the bull's conviction.
FXCM US Dollar index, has broken below its recent range of 12060-11980 to the downside and traded as low as 11946.
Today it has moved within range, however somewhat failed reaction to better retail sales pose doubts over its strength.
