
UOB Sees EUR/USD Upside Toward 1.1725
UOB Quek Ser Leang and Lee Sue Ann: EUR/USD closed 1.1677, +0.89%, a three-month high. Room toward 1.1725. 24-hour 1.1635/1.1700. Support 1.1600. Bank note, not a news recut.

UOB Quek Ser Leang and Lee Sue Ann: EUR/USD closed 1.1677, +0.89%, a three-month high. Room toward 1.1725. 24-hour 1.1635/1.1700. Support 1.1600. Bank note, not a news recut.

USD/INR corrects to near 95.62 Thursday after the Treasury long-end buyback. DXY seven-week low 98.77 Wednesday. 30-year near 5.18%, 10-year near 4.64%. OCBC: INR lags Asia on oil. September hold stays 65.4%.

Trump paused 50% Canada tariffs for three days, subject to documents. About $20bn of goods. USD/CAD post-pause level is not cleanly sourced.

UK claimant −11k vs +11.2k expected. Unemployment stayed 4.9%. GBP/USD faded from 1.3570 toward 1.3530 into Wednesday CPI.
The Bank of Canada is expected to keep its policy rate at 2.25%, with traders focused on inflation risks, economic slack and any guidance about future tightening.
Norway’s underlying inflation fell to an 18-month low, weighing on the krone, but analysts still expect Norges Bank to deliver one final interest-rate increase.
Canadian Dollar positioning has begun to improve before the Bank of Canada decision, but weak domestic demand for Canadian assets limits the case for a sustained CAD rally.