Market News
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Australian Dollar declines from two-month highs as Hormuz tensions lift the US Dollar
AUD/USD trades just below 0.7100 on Tuesday, a touch lower for the day and sliding from the two-month highs reached on Monday.
New Zealand GDT Price Index: 2.3% vs 0.1%
New Zealand GDT Price Index: 2.3% vs 0.1%
Euro fails to hold gains over the Pound ahead of UK inflation
EUR/GBP slips toward 0.8550 at the time of writing on Tuesday, with the Euro (EUR) unable to hold onto earlier gains against the Pound Sterling (GBP).
New Zealand Dollar edges lower on US-Iran tensions as RBNZ hike expectations curb losses
NZD/USD retreats on Tuesday and trades around 0.5880 at the time of writing, down 0.38% on the day. The New Zealand Dollar (NZD) remains under pressure as mounting geopolitical tensions between the United States (US) and Iran fuel risk aversion and support demand for the US Dollar (USD).
Colombia Gross Domestic Product (YoY) up to 3.5% in 2Q from previous 2.2%
Colombia Gross Domestic Product (YoY) up to 3.5% in 2Q from previous 2.2%
Japanese Yen stays on the back foot despite hawkish BoJ expectations
USD/JPY extends its sideways movement below the 160.00 psychological mark on Tuesday as the US Dollar (USD) struggles to gain traction.
Copper: Booming prices face supply risks – Commerzbank
Commerzbank’s Barbara Lambrecht highlights that Copper prices on the LME are close to record highs, with an unusually large cash–3‑month spread driven by falling LME stocks and tariff-related pre‑emptive buying in the US.
Euro: Bullish momentum targets mid-1.17s – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Euro (EUR) is resilient around 1.1576, with Germany’s ZEW survey showing improving expectations and a slow recovery backdrop. Short-term EUR/USD technicals are described as bullish, with strong intraday and daily momentum.
British Pound steadies as weak US data counters Iran risk
The Pound Sterling steadies on Tuesday as geopolitical tensions rise in the Middle East, while housing data misses estimates and US Industrial Production decelerates. The GBP/USD trades at 1.3547.
British Pound: Soft UK jobs but supportive mix - BBH
Brown Brothers Harriman’s (BBH) Elias Haddad describes United Kingdom (UK) June labor data as soft, with unemployment stuck at 4.9% and private sector regular pay growth slowing to 2.8% year-on-year.
Australian Dollar remains resilient near two-month high ahead of Fed Minutes
AUD/USD edges higher on Tuesday and trades around 0.7115 at the time of writing, up 0.1% on the day.
Canadian Dollar: Further gains eye 1.35–1.37 against US Dollar - Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report USD/CAD trading near equilibrium around 1.3870, with Canadian Dollar (CAD) fundamentals supported by narrower front-end spreads and firm crude prices. They see investors relatively unconcerned by looming US tariff deadlines.
United States Pending Home Sales (YoY) fell from previous -0.3% to -2.2% in July
United States Pending Home Sales (YoY) fell from previous -0.3% to -2.2% in July