US Dollar: 1. Fitch affirms US credit rating at 'AA+'; outlook stable. 2. Fed's Barkin: Rate hikes may be needed to achieve the Fed's goals. 3. Fed's Goolsby: Data has slightly improved; inflation is expected to return to the "golden path". 4. We

2026-08-14

US Dollar: 1. Fitch affirms US credit rating at 'AA+'; outlook stable. 2. Fed's Barkin: Rate hikes may be needed to achieve the Fed's goals. 3. Fed's Goolsby: Data has slightly improved; inflation is expected to return to the "golden path". 4. Weak US PPI data; the market is no longer fully pricing in a Fed rate hike this year. 5. Fed's Hamak: Not confident that inflation will continue to improve; the Fed must raise rates now. 6. The Fed has suspended its purchase of Treasury bonds for reserve management purposes, but will continue to reinvest approximately $17 billion in maturing principal. Japanese Yen: 1. Sources: The Bank of Japan will raise interest rates as early as September and is considering accelerating the pace of rate hikes thereafter. 2. Japan's Ministry of Finance: Japan's top foreign exchange official will meet with his South Korean counterpart in Tokyo on August 21. 3. Former senior Japanese foreign exchange diplomat Mitsuhiro Furusawa: Yen intervention could occur again at any time if needed; the central bank may raise rates in September, followed by another rate hike in December or January next year. Other: 1. The Central Bank of Peru kept its benchmark interest rate unchanged at 4.25%. 2. The Vietnamese Prime Minister reportedly requested the Central Bank of Vietnam to maintain its interest rate unchanged. 3. Amid an economic slowdown, the Governor of the Philippine Central Bank hinted at reducing aggressive interest rate hikes. 4. The Governor of the Central Bank of Turkey stated that it is prepared to further tighten policy if the inflation outlook continues to deteriorate. 5. The Central Bank of Norway stated that inflation remains too high and a further increase in the policy rate may be necessary. 6. Policies have failed to cool the overheated housing market, and the South Korean president's approval rating has fallen to a record low. 7. A Reuters poll showed that most economists expect the European Central Bank to raise interest rates by 25 basis points to 2.50% in September. 55 out of 69 economists believe the policy rate will reach 2.50% by the end of 2026.