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Bank J. Safra Sarasin

Report published August 25, 2026

Bank J. Safra Sarasin FX Daily Commentary: USD Strengthens Amid RBA Split and Geopolitical Risks

Source and citation context

Report date
August 25, 2026
Analysis as of
Not stated in source

Authors / editors: Clarine Liew

Finvaulta summarizes Bank J. Safra Sarasin's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Daily UpdateCommoditiesFXRates Govt Bonds

The Bloomberg Dollar Index rose 0.17% as major currencies weakened against the USD, led by CAD and NZD. AUDUSD traded near 0.7154 following the release of divided RBA August meeting minutes.

Key Takeaways

  • 1.The Bloomberg Dollar Index edged up 0.17% to 1193.71 with major currencies weakening against the USD, led by CAD (-0.62%), NZD (-0.30%), and AUD (-0.29%).
  • 2.RBA August meeting minutes showed policymakers divided between those considering a rate hike due to persistent inflation risks and those supporting the current 4.35% cash rate.
  • 3.US Treasury Secretary Scott Bessent announced targeted sanctions against Iran's oil, shipping, aviation, tech, gold, and digital assets, threatening secondary sanctions.

Table of Contents

  • Foreign Exchange
  • Interest Rates
  • Damp squib
  • Important Legal Information
  • Important Notice
  • Derivatives Warning
  • Complex Product Warning
  • Hong Kong Selling Restriction
  • Singapore Selling Restriction

Report data

Foreign Exchange

MetricEstimateContext
Bloomberg Dollar Index1193.71 index pointsBBDXY closing level and daily percentage change.
RBA Cash Rate4.35%Current cash rate discussed in the RBA board minutes.
AUDUSD spot level0.7154 USD per AUDAUDUSD level at time of writing.
Source: Bloomberg. This is a dated model snapshot, not a live forecast.

Reports in this series

FX Daily Commentary is shown in chronological order through this edition, published on August 25, 2026.

Part of the FX Daily Commentary series — view all 5 editions

Looking for the latest edition? fx daily commentary (Aug 28, 2026)

  1. Jul 21fx daily commentary
  2. Aug 17fx daily commentary

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Authors / Editors

Clarine Liew

Reported Data Context

  • Bloomberg Dollar Index: 1193.71 index points (previous close) · Source: Bloomberg
  • RBA Cash Rate: 4.35 % (August 2026)
  • AUDUSD spot level: 0.7154 USD per AUD (intraday) · Source: Bloomberg

Securities

AUDUSDBBDXYUSDCAD

Themes

Central Bank Policy DivergenceUS Sanctions and Geopolitical Risk

Regions

GlobalNorth AmericaAsia PacificUnited StatesAustraliaIran