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August 25, 2026
August 24, 2026
FX Daily Strategy: Asia, Aug 25
August 24, 2026 3:27 PM UTC
Reactive policy, Canada, Iran, maybe later US election - chips away at risk sentiment but also dollar confidence
FX volatility likely picking up from the extreme summer lows
CAD reaction so far measured - well within 1.3850-1.39 bounce resistance and supply
US PCE, Nvidia, Warsh remain the week's key e
Preview: Due August 25 - U.S. July New Home Sales - Remaining soft
August 24, 2026 3:23 PM UTC
We expect July new home sales to be little changed at 620k, which would be down 1.3% from June if June is unrevised. This would still sustain step down in trend in 2026 to date, with movements in the preceding two years outside a 650-700k range having tended to be brief.
Escalation Risk in U.S.-Canada Trade Dispute
August 24, 2026 3:11 PM UTC
The immediate economic impact of the collapse of the US-Canada trade talks is likely to be modest, but not insignificant in the case of Canada. Where things move from here is uncertain, with Canadian retaliation due to be implemented on September 8, and risk of further mutual escalations after tha