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Euro declines below 1.1600 on US-Iran war worries
The EUR/USD pair loses traction to around 1.1575, snapping the three-day winning streak during the early European session on Tuesday. The Euro (EUR) edges lower against the US Dollar (USD) as traders remain cautious about the US-Iran conflict and the closure of the Strait of Hormuz.Â
Australian Dollar bulls seem hesitant near 0.7100 as USD recovers from two-month low
The AUD/USD pair turns lower following a modest Asian session uptick on Tuesday, awaiting a break below the 0.7100 mark before extending the previous day's retracement from the highest level since June 5.
EUR/JPY Price Forecast: Rises to near 185.00 after breaking above 50-day EMA
EUR/JPY extends its winning streak for the fourth successive day, trading around 184.80 during the Asian hours on Tuesday.
AUD/JPY Price Forecast: Strengthens to near 113.50, near-term outlook remain constructive
The AUD/JPY cross trades in positive territory around 113.40 during the early European trading hours on Tuesday. The Japanese Yen (JPY) weakens against the Australian Dollar (AUD) amid mounting fiscal concerns and persistent inflationary pressures.
Japanese Yen remains near two-week low against US Dollar despite hawkish BoJ bets
The Japanese Yen (JPY) trades close to its two-week low against the US Dollar (USD) in the Asian trading session on Tuesday at around 159.50. The USD/JPY pair is under pressure even as financial markets are confident about a Bank of Japan (BoJ) interest rate hike in the September meeting.
New Zealand Dollar edges lower below 0.5900 as China’s economy slows in July
The NZD/USD pair declines to around 0.5895 during the Asian trading hours on Tuesday. Weaker-than-expected Chinese Retail Sales and Industrial Production data weigh on the China-proxy New Zealand Dollar (NZD) against the US Dollar (USD).Â
Canadian Dollar holds near early June high as rising oil prices offset modest USD strength
The USD/CAD pair struggles to build on the overnight bounce from the 200-day Simple Moving Average (SMA) support near the 1.3845 region, or the lowest level since June 3, and is seen consolidating during the Asian session on Tuesday.
British Pound gathers strength to near 1.3550 as Fed hike bets fade, UK jobs data loom
The GBP/USD pair gains momentum to around 1.3550 during the early Asian trading hours on Tuesday. The US Dollar (USD) softens against the British Pound (GBP) as cooler US inflation data have prompted traders to reduce bets on a US Federal Reserve (Fed) rate hike.
PBOC sets USD/CNY reference rate at 6.7905 vs. 6.7873 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7905 compared to the previous day's fix of 6.7873 and 6.7452 Reuters estimate.
Euro flat lines below two-month high as oil-driven inflation fears support USD
The EUR/USD pair holds steady around the 1.1575-1.1580 region during the Asian session on Tuesday and, for now, seems to have stalled the previous day's modest pullback from a two-month top.
Australian Dollar gains as US Dollar struggles amid fading Fed rate hike bets
AUD/USD extends its gains for the third successive day, trading around 0.7110 during the Asian hours on Tuesday. The currency pair continues to appreciate as the US Dollar (USD) remains subdued amid fading expectations for further rate hikes by the Federal Reserve (Fed).
Australia Westpac Consumer Confidence rose from previous 4.1%Â to 6% in August
Australia Westpac Consumer Confidence rose from previous 4.1%Â to 6% in August
Australian Dollar climbs as the Greenback falls on soft US data
The Aussie Dollar trades near two-month highs of 0.7129, supported by a weaker US Dollar, amid a scarce economic docket in the US, following last week’s softer Retail Sales data. The AUD/USD trades at 0.7106, up 0.32%.