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Market News

Forex headlines assembled from multiple corroborating sources and updated as stories develop. Written by the FXC Newsdesk, method explained on how it works.

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Thursday, Aug 6
22:16 story GBP

UK Construction Downturn Eases in July, PMI Reaches Four-Month High

The UK construction sector showed signs of stabilization in July, with the S&P Global/CIPS Purchasing Managers' Index rising to a four-month high, exceeding economist expectations. 22:01 story USD

St. Louis Fed President Musalem Advocates for Sustained Monetary Tightening Amid Elevated Inflation

St. Louis Federal Reserve President Alberto Musalem reiterated a hawkish stance, emphasizing the need for continued monetary policy restraint to combat persistent inflation and protect the... 21:30 Daily brief BRL

Sydney Open Briefing: Friday, August 7, 2026

Sydney opens to mixed equity moves and significant US data surprises. Traders watch upcoming Japan inflation and spending figures. 19:30 Event recap MXN

Bank of Mexico Holds Interest Rate at 6.5%

The Bank of Mexico maintained its key interest rate at 6.5%. USDMXN saw a measured reaction in the minutes following the announcement. 13:01 Event recap USD

Continuing Jobless Claims comes in at 1.801M against 1.772M consensus

US Continuing Jobless Claims rose to 1.801 million, exceeding the 1.772 million consensus. Initial market reactions were mostly subdued across major pairs. 13:00 Event recap USD

Unit Labor Costs comes in at 1.3% against 0.4% consensus

USD Unit Labor Costs for the quarter printed at 1.3%, significantly above the 0.4% consensus. Initial market reaction saw varied movements across USD pairs and gold. 13:00 Event recap USD

Nonfarm Productivity q/q comes in at 1.4% against 1.4% consensus

US Nonfarm Productivity q/q matched expectations at 1.4%. Initial market reaction was generally subdued across major USD pairs, with XAUUSD showing a more notable move. 13:00 Event recap USD

Initial Jobless Claims comes in at 197K against 196K consensus

US Initial Jobless Claims were reported at **197K**, slightly above the **196K** consensus. Market reaction has been limited across most major currency pairs so far. 12:47 story USD

US Weekly Jobless Claims Rise Less Than Expected, Continuing Claims Increase

New applications for US unemployment benefits edged up to **199,000** in the week ending **August 1**, falling short of economist forecasts. Continuing claims also saw an... 12:30 Daily brief EUR

New York Open Briefing: Thursday, August 6, 2026

A summary of market moves, recent data releases, and upcoming events for the New York trading session. 09:32 story EUR

Eurozone Retail Sales Decline Unexpectedly in June, Missing Forecasts

Eurozone retail sales unexpectedly contracted in June, with both monthly and annual figures falling short of forecasts, indicating soft household consumption. 09:00 Event recap GBP

S&P Global/CIPS Construction PMI comes in at 44.7 against 39 consensus

The latest S&P Global/CIPS Construction PMI for the UK printed at 44.7, exceeding the consensus forecast of 39. Initial market reactions show limited movement across major... 08:00 Event recap EUR

S&P Global Construction PMI (EUR) comes in at 44.3

The latest S&P Global Construction PMI for the Eurozone was reported at 44.3. This figure compares to the previous reading of 42.8. 07:30 Daily brief AUD

London Open Briefing: Thursday, August 6, 2026

London opens with mixed sentiment. Key releases include Swiss unemployment, Spanish industrial production, and Australian trade balance. US labor data and Mexico's interest rate decision are... 06:48 story EUR

Germany’s Factory Orders Jump in June, But Underlying Data Shows Mixed Trends

German factory orders significantly exceeded expectations in June, rising 3.1% month-over-month, though the increase was largely attributed to large orders and strong domestic demand. 02:32 story USD

Fed’s Daly Notes Fading Tariff Impact While Warning of Broader Inflation Risks

Federal Reserve Bank of San Francisco President Mary Daly offered a nuanced view on inflation, noting a fading impact from tariffs but also highlighting broader risks... 02:17 story AUD

Australian Trade Balance Swings to Surprise Surplus in June, Exceeding Forecasts

Australia's trade balance unexpectedly posted a surplus of A$1.929 billion in June, driven by a significant rebound in exports and a slight decline in imports, leading... 02:02 story USD

US Administration Refunds $100 Billion in Struck-Down Tariffs

The U.S. administration has refunded approximately $100 billion in 'Liberation Day' tariffs, representing about 60% of the total collected. 02:00 Event recap AUD

Trade Balance (AUD) comes in at 1.929B against 0.932B consensus

Australia's Trade Balance significantly exceeded expectations, reporting a surplus of **1.929B**. Initial market reactions in AUD pairs were relatively small compared to historical movements. 00:01 story IRR

Iran-Oman Strait of Hormuz Plan Reportedly Bars US, Israeli Ships; Compensation Demanded

New details emerge on the proposed Iran-Oman shipping framework for the Strait of Hormuz, indicating specific prohibitions for US and Israeli vessels, and demands for compensation...