Monthly Archives: August 2026
Indonesian Rupiah hits 4-year low; Other Asian forex dip before key data
Written on August 20, 2026 at 2:41 am, by josephine
Key points: The Indonesian Rupiah marked a new four-year low on Monday, declining as much as 0.6% to 16,293.00 against the U.S. dollar, reflecting broader weaknesses among emerging Asian currencies. This downturn follows robust U.S. job data and precedes several upcoming central bank policy meetings. Picture: Indonesian Rupiah trading at 16,300 as seen on the Continue Reading
Aussie and kiwi weaken as U.S. risk events loom
Written on August 20, 2026 at 2:41 am, by josephine
Key points: The Australian and New Zealand dollars faced pressure on Tuesday as traders prepared for the Federal Reserve policy meeting and U.S. inflation data. Bond markets lengthened the odds of early rate cuts at home, adding to the cautious sentiment. Aussie dollar dips on weak Chinese Yuan Picture: Aussie slumps as seen on the Continue Reading
Asian assets cautious ahead of US CPI data and Fed meeting
Written on August 20, 2026 at 2:40 am, by josephine
Key points: Emerging Asian markets were finely balanced on Tuesday as traders awaited the release of U.S. inflation data and the Federal Reserve’s policy meeting, which are set to influence future rate expectations. The Fed’s next policy decision, expected on Wednesday, is anticipated to result in policy rates remaining steady for the seventh consecutive meeting. Continue Reading
Gold prices tumble against strong US jobs data and rate cut uncertainty
Written on August 20, 2026 at 2:40 am, by josephine
Key points: Gold prices continued to tumble, weighed down by stronger-than-expected US nonfarm payrolls data. The yellow metal saw an observable drop, moving from $2,390 to $2,290 per ounce. The image above shows the how gold is under pressure, as observed on the VT Markets app. The nonfarm payrolls report for May revealed a substantial Continue Reading
Weaker Chinese yuan (CNY) pressures base metals as high inventories weigh on copper
Written on August 20, 2026 at 2:40 am, by josephine
Key points: Base metals experienced declines on Tuesday, driven by a combination of a weaker Chinese yuan (CNY) and high physical inventories. The depreciation of Chinese yuan against the US dollar reaching its lowest in nearly seven months, reduced the purchasing power of Chinese buyers. This, coupled with weak demand, exerted pressure on metals like Continue Reading
Wheat rises on Russian weather concerns; Corn declines
Written on August 20, 2026 at 2:40 am, by josephine
Key points: Chicago wheat futures extended their climb on Wednesday, adding to the previous session’s strong gains. The market responded to expectations of further weather-induced damage to Russian crops, pushing prices higher. As of 0012 GMT, the most-active wheat contract on the Chicago Board of Trade (CBOT) (ZW1!) was up 0.1%, trading at $6.27 a Continue Reading
Tesla (TSLA) stock falls while market gains
Written on August 20, 2026 at 2:40 am, by josephine
Key points: Tesla’s stock ended the latest trading session at $170.66, down 1.8% from the previous day’s close. This decline occurred despite the S&P 500 gaining 0.27% and the Nasdaq rising by 0.88%. Meanwhile, the Dow Jones Industrial Average experienced a loss of 0.31%. Tesla’s performance relative to sector and market Picture: Tesla in the Continue Reading
Japanese yen hovers at lows with hotter producer inflation and BOJ speculations
Written on August 20, 2026 at 2:40 am, by josephine
Key Points: The Japanese yen remained at over one-week lows around 157.2 per dollar, despite hotter-than-expected domestic producer inflation figures. Picture: JPY losing strength against USD, as observed on the VT Markets app. Data revealed that producer prices in Japan jumped 2.4% year-on-year in May 2024, accelerating from an upwardly revised 1.1% gain in Continue Reading
Oil prices rise on falling US inventories and higher global demand forecasts
Written on August 20, 2026 at 2:40 am, by josephine
Key Points: Oil prices climbed as reports indicated a decline in US crude oil inventories and an optimistic outlook on global demand. Brent crude oil (Symbol: UKOUSD) increased to $82.32 per barrel, while West Texas Intermediate (WTI) crude oil (Symbol: USOUSD) rose to $78.42 per barrel. The images above showed the bullish momentum in oil prices, Continue Reading
South Korean shares gain over 1% on Wall Street rally; Chipmakers shine
Written on August 20, 2026 at 2:39 am, by josephine
Key points: South Korean shares saw a strong rise of more than 1% on Thursday, following a rally on Wall Street. This uptick came after inflation data and the Federal Reserve’s policy decision were released. Chipmakers drive KOSPI surge as U.S. markets hit record highs The benchmark KOSPI index increased by 42.76 points, or 1.55%, Continue Reading
