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United States Dollar Index weakens to near 99.50 as traders push back Fed rate hike bets
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.50 in the Asian trading hours on Monday. The DXY loses momentum as data showed US Retail Sales unexpectedly declined in July.Â
Silver Price Forecast: XAG/USD bulls await acceptance above $66.00, 100-day EMA breakout
Silver (XAG/USD) is seen building on Friday's bounce from mid-$63.00s and gaining some follow-through positive traction at the start of a new week.
Australian Dollar rises on hawkish RBA outlook
AUD/USD gains ground for the second successive day, trading around 0.7090 during the Asian hours on Monday. The pair appreciates as the Australian Dollar (AUD) gains on the hawkish policy stance by the Reserve Bank of Australia (RBA).
Canadian Dollar advances due to softer US Dollar, higher oil prices
USD/CAD extends its losses for the third consecutive day, trading around 1.3870 during the Asian hours on Monday. The pair depreciates as the US Dollar (USD) declines amid weaker-than-expected US economic data and shifting central bank expectations.
WTI posts modest gains above $81.50 as traders weigh US-Iran deadlock
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $81.60 during the Asian trading hours on Monday. WTI remains volatile as talks to reopen the Strait of Hormuz have completely deadlocked. Â
New Zealand Dollar advances beyond 0.5900, highest since June 3 as USD stays weak
The NZD/USD pair attracts buyers for the second straight day and climbs above the 0.5900 mark, hitting a fresh high since June 3 during the Asian session on Monday.
PBOC sets USD/CNY reference rate at 6.7873 vs. 6.7878 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7873 compared to Friday's fix of 6.7878 and 6.7382 Reuters estimate.
Japanese Yen gains against weaker US Dollar following softer Q2 GDP data
USD/JPY loses ground for the second successive day, trading around 159.10 during the Asian hours on Monday. The pair depreciates as the Japanese Yen JPY) remains stronger following the release of Japan’s preliminary Q2 Gross Domestic Product (GDP) data.
British Pound trades near three-month top as fading Fed hike bets undermine USD
The GBP/USD pair attracts some dip-buyers at the start of a new week and climbs above mid-1.3500s during the Asian session, closer to over a three-month high touched on Friday.
Gold gains momentum to near $4,400 as Fed hike expectations drop despite Us-Iran tensions
Gold price (XAU/USD) gains momentum to around $4,395 during the early Asian trading hours on Monday. The precious metal extends the rally as cooling US inflation data has dampened expectations for the US Federal Reserve (Fed) interest rate hike.Â
Euro strengthens above 1.1550 as Fed rate hike bets fade
The EUR/USD pair gathers strength to around 1.1575 during the early Asian trading hours on Monday. The US Dollar (USD) edges lower against the Euro (EUR) amid weaker-than-expected US economic data and shifting central bank expectations.
South Korea Trade Balance: $30.39B (July) vs $30.32B
South Korea Trade Balance: $30.39B (July) vs $30.32B
Japan’s GDP grows 0.3% QoQ in Q2 2026 vs 0.5% expected
The Japanese economy expanded 0.3% over the quarter in the second quarter (Q2) of 2026, the preliminary report published by the Cabinet Office showed on Monday. This reading followed a 0.5% growth recorded in Q1 and missed market expectations of a 0.5% expansion.