July 20, 2026

India’s central bank stepped into the foreign exchange markets to support the rupee after the currency weakened toward a record low as a renewed surge in crude prices weighed on sentiment.

A closely-watched gauge of China’s copper market has risen to the highest in more than a year, as a tax shake-up in the metal’s biggest market spurs a shortage of scrap and boosts demand for imports.

Leveraged funds have taken their short positions on the New Zealand dollar to a record high, betting that a recent rebound in global oil prices may exacerbate domestic economic pressures.

Oil prices rose while U.S stock-index futures were little changed on Sunday, amid an escalation of fighting in the Middle East and as investors await key tech earnings this week.

Managements sounded fairly confident that credit demand will hold up.

Soybeans and corn futures extended gains as crude oil jumped after hostilities in the Middle East escalated, boosting the appeal of biofuels.