South Korea Central Bank Set to Raise Interest Rates as Inflation Stays Elevated 
Singapore GDP Grows 5.7% in Q2 2026 as AI-Driven Manufacturing Boosts Economy 
Australia Consumer Sentiment Rises in July as Fuel Price Relief Lifts Confidence 
Gold Prices Fall as US-Iran Conflict, Rising Oil Prices Fuel Fed Rate Concerns 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
European Stocks Slip as Middle East Tensions and Hormuz Threat Rattle Markets 
The U.S. Treasuries traded flat Friday ahead of the country’s third-quarter gross domestic product (GDP), scheduled to be released today by 12:30GMT.
The yield on the benchmark 10-year Treasury hovered around 2.44 percent, the super-long 30-year bond yields slipped 1 basis point to 2.95 percent and the yield on short-term 2-year note traded flat at 1.62 percent by 11:05GMT.
The advance estimate of Q3 GDP is expected to show a moderation of growth from 3.1 percent q/q annualised in Q2 to about 2-1/2 percent q/q annualized, thus comfortably outpacing the 2.1 percent annualised rate of the first half of the year. And with positive contributions expected to be made from final domestic demand, net trade and inventories, growth seems likely to appear reassuringly broad-based.
The final University of Michigan consumer confidence survey for October – for which the preliminary report saw the flash headline index rise to a seventeen-year high of 101.1 – is also due for release.
Meanwhile, the S&P 500 Futures traded 0.21 percent higher at 2,567.12 by 11:35GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bullish at 124.30 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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