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Silver Advances on US Dollar Weakness Ahead of Fed Decision
Silver (XAG/USD) rose to around $70.45, up 0.60%, as the US dollar weakened ahead of the Federal Reserve's monetary policy decision.
Hawkish RBA Fails to Boost Australian Dollar Amid Growth Worries
The Reserve Bank of Australia's hawkish hold was more aggressive than markets expected, but the Aussie dollar failed to rally as investors focused on slowing economic growth instead.
Euro Upside Limited vs Dollar, Says National Bank of Canada
National Bank of Canada sees limited upside for the euro against the US dollar, citing favorable US growth and interest rate differentials.
British Pound Rebounds as Yen Fails to Hold BoJ Rate Hike Gains
GBP/JPY recovers from a short-lived pullback after the Bank of Japan's hawkish rate hike, currently trading around 215.10.
BoJ Hawksish Hike to 1.0% Bolsters Yen Outlook – BNY
BNY's Bob Savage says the Bank of Japan's 25bp rate hike to 1.0% and continued JGB tapering signal confidence in underlying inflation, supporting the yen.
OCBC: Limited USD Downside as Fed Caution Persists
OCBC’s Sim Moh Siong warns that recent risk-on sentiment following a U.S.-Iran understanding has only triggered a modest pullback in yields and the dollar, while AI-driven growth, Fed event risk, and oil dynamics continue to underpin the greenback.
RBA Holds Rate at 4.35%, Maintains Tightening Bias
The Reserve Bank of Australia kept its cash rate unchanged at 4.35% while reaffirming a tightening bias, signaling further rate hikes remain possible if inflation pressures persist.
USD/JPY Steady After BoJ Decision, Focus Shifts to Fed
Rabobank notes that USD/JPY is little changed after the latest Bank of Japan meeting, with market attention now on the upcoming Federal Reserve decision and the new Fed President.
NBC: USD/CAD to Stay Range-Bound on Central Bank Expectations
National Bank of Canada expects USD/CAD to remain broadly range-bound, with recent moves driven by shifting expectations for the Federal Reserve and Bank of Canada.
MUFG: BoJ Hike Alone Won't Break Yen; Intervention Risk Remains
MUFG warns that the Bank of Japan's recent rate hike is insufficient to push the yen below 160 per dollar, leaving intervention pressure intact.
Gold Extends Recovery Above $4,300 as Fed, US-Iran Deal in Focus
Gold (XAU/USD) holds above $4,300 on Tuesday, extending its recovery ahead of the Federal Reserve decision and amid awaiting further details on the US-Iran peace framework. The precious metal trades around $4,340, up 0.70% on the day.
Dollar Index Poised for Decline on US-Iran Peace Deal Optimism
Risk-on sentiment strengthens as a US-Iran peace deal is expected to be signed on Friday, putting the Dollar Index under pressure.
AUD/USD Faces Deeper Pullback Risk Below 0.7140: Societe Generale
Societe Generale warns AUD/USD could see further declines after failing to hold its 50-day moving average and forming a pattern of lower highs, with a deeper pullback risk below 0.7140.
USD/CHF Bears Gain Momentum, 0.7930 Support in Focus
The US dollar declines modestly against the Swiss franc on Tuesday, with bearish pressure building toward the 0.7930 support level and a potential test of the 0.7900 area.
SocGen Maintains USD/ZAR Rally Selling Strategy Ahead of Key Data
Societe Generale strategists say the South African rand’s direction depends on upcoming CPI and retail sales data, as well as the Federal Reserve’s next move, keeping the USD/ZAR rally-selling strategy in focus.
USD/PHP Bearish but Oversold, Snapback Risk – OCBC
OCBC's Christopher Wong notes a bearish bias for USD/PHP but warns of a potential snapback after an oversold move driven by softer yields and oil. The BSP faces a tough policy choice as inflation stays above target and growth slows.
RBA Hold at 4.35% Highlights Growth Slowdown – SocGen
Societe Generale notes the Reserve Bank of Australia kept rates unchanged at 4.35%, characterizing the statement as largely a mark-to-market exercise that underscores a growth slowdown.
BoJ’s 25 Bps Hike Provides Limited Yen Support, Says BBH
Brown Brothers Harriman notes that the Bank of Japan’s 25 bps rate hike to 1.00% has had a muted impact on USD/JPY, with JGB yields underperforming and the BOJ maintaining its tightening bias and JGB tapering plan.
Bank of Japan Raises Rates to 1%, Ends Tapering by April 2027
The Bank of Japan raised its policy rate by 25 basis points to 1%, with one dissenting vote, and announced it will halt its bond tapering from April 2027. Future rate hikes depend on Middle East developments, with an October hike possible if a long-term peace deal is reached.
Dollar Recovers as Doubts Over US-Iran Deal Persist
The US dollar rebounded after markets questioned the effectiveness of the US-Iran agreement, with both sides claiming victory amid lingering disagreements.
RBA Hold Pressures AUD/USD as Downside Risks Persist
The Reserve Bank of Australia left rates unchanged, causing AUD/USD to retrace part of its earlier US-Iran peace agreement rally, according to Brown Brothers Harriman analyst Elias Haddad.
BoJ Hikes to 1.00%, Yen Still Below 160.00
The Bank of Japan raised its key interest rate to 1.00%, the highest in over three decades, but the Japanese yen remains weak near the 160.00 level against the US dollar.
Australian Dollar Weakens After RBA Pause, Fails to Reclaim 0.7100 – MUFG
The Australian Dollar eased after the RBA held rates at 4.35% as expected, failing to breach the 0.7100 resistance level, according to MUFG analyst Lee Hardman.
RBA Holds Rate at 4.35%, Signals Hawkish Pause
The Reserve Bank of Australia kept the cash rate unchanged at 4.35%, ending a streak of three consecutive hikes while maintaining a hawkish stance. The decision was widely expected, but the accompanying statement stressed that this is a pause, not an end to the tightening cycle.