Daily Market Insight

• Trump: India offered to slash tariffs to ‘nothing’ • Eurozone manufacturing expands first time since 2022 • Xi pledges more funding to strengthen China-Russia-led bloc • Cooling inflation may pave way for BOK easing • Dollar softens amid US holiday

• In-line PCE data has little effect on Fed expectations • US Appeals Court rules Trump’s global tariffs illegal • German inflation accelerates to 2.1% in August, above forecasts • China manufacturing contracts for fifth consecutive month in August • Thailand’s Prime Minister dismissed by Constitutional Court • Greenback eases as September cut stays in focus

• US Q2 growth upgraded as business investment gains momentum • ECB maintains wait-and-see approach in July minutes • Subsidies drag Tokyo inflation lower in August • Thai manufacturing index declines more than expected in July • Traders trimmed dollar positions ahead of upcoming PCE figures

• Fed’s Williams says every meeting is live for rate moves • German consumer sentiment falls for third consecutive month • China industrial profits fall again amid weak demand, deflation pressures • South Korea central bank holds policy rate as expected • Dollar index ends flat ahead of key economic data

• Trump team eyes greater control over regional Fed banks • Durable goods orders drop less than expected • CB consumer confidence dips slightly, but outperforms expectations • Political uncertainty in France is mounting • The Dollar was lower on Tuesday

• Trump removes Fed Governor Cook, effective immediately • New home sales dip slightly, but outperform forecasts • German business sentiment rises to highest level in more than a year • Thai export growth slowed in July but still exceeded forecasts • Dollar fades after bounce; Fed pressure weighs

• Powell opens door to interest rate cut • Trump says he’ll fire Fed’s Cook gf she doesn’t resign • German GDP contracts more than expected in Q2 • Ueda expects tight labor market to keep upward pressure on wages • The dollar weakens following Fed Chair Powell’s speech at Jackson Hole

• Manufacturing-led rebound lifts US PMI in August • Hawkish Fed commentary overnight • Euro zone PMI accelerates in August • Japan core CPI beats forecast in July • Dollar gains on strong US PMIs and hawkish Fed comments

• Fed Minutes reveal inflation seen as main risk • Trump calls for Fed’s Cook to quit over mortgage claim • UK inflation climbs to 18-month high on food, transport surge • Indonesia surprises with rate cut to 5% • Dollar slightly lower, capped by hawkish FOMC minutes

• US housing starts unexpectedly rise despite permit decline • Japan records surprise trade deficit in July as exports weaken further • PBOC keeps loan prime rates steady • Thai lending slump for four straight quarters flags growth risks • Dollar gains gradually amid Fed watch ahead of Jackson Hole