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United States Dollar Index holds ground on safe-haven demand
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching higher after three days of losses and trading around 99.60 during the Asian hours on Tuesday.
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
Silver Price Forecast: XAG/USD falls to near $65.50 amid US-Iran peace uncertainty
Silver price (XAG/USD) declines after two days of gains, trading around $65.60 per troy ounce during the Asian hours on Tuesday.
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
WTI flatlines near $84.00 as Trump rejects truce extension
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $84.00 during the early Asian trading hours on Tuesday. WTI steadies as traders continue to assess the developments surrounding Middle East conflicts.Â
US President Donald Trump says not seeking extension of Iran MOU
US President Donald Trump said that he is not interested in renewing the expiring agreement with Iran, Bloomberg reported on Monday.Â
Gold gains momentum above $4,400 as softer US data dampens Fed hike odds
Gold price (XAU/USD) edges higher to near $4,415 during the early Asian session on Tuesday. The precious metal extends its upside amid fading expectations for further US Federal Reserve (Fed) rate hikes. Traders will closely monitor the developments surrounding the Middle East conflicts.Â
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%.