Market news
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Euro Poised to Test 1.1600 Before Retreating to 1.1500
The euro may attempt to touch 1.1600 before a pullback toward 1.1500, as the dollar index consolidates between 100 and 99.40.
Danish Real Spending Stalls in July Despite Services Uptick
Seasonally adjusted real spending excluding energy dipped 0.1% month-on-month in July, while rising 3.8% versus a year earlier, as stronger services activity failed to lift the headline figure.
RBA Holds Interest Rate at 4.35% as Expected
The Reserve Bank of Australia left rates unchanged at 4.35% at its August meeting, in line with market expectations.
RBA Holds Cash Rate Steady at 4.35% as Expected
The Reserve Bank of Australia kept its official cash rate unchanged at 4.35% during its August meeting, in line with market expectations.
EUR/JPY Stays Below 183.00 as Bearish Momentum Persists
EUR/JPY weakened during Asian trading on Tuesday, remaining under the 183.00 level as technical indicators signal sustained bearish pressure.
British Pound holds near 1.3500 as market eyes US CPI data
The British pound is clinging to marginal gains around 1.3500 against the US dollar, with traders focused on the upcoming US inflation report.
Canadian Dollar Holds Near Two-Month High as Oil Prices Support
The Canadian dollar is consolidating near a two-month peak against the US dollar, supported by firm crude oil prices, with USD/CAD trading below the mid-1.3900s.
Yen Holds Narrow Range in Thin Holiday Trade Amid Intervention Watch
USD/JPY traded in a tight band around 159.30 on Tuesday as Japanese markets were closed for Mountain Day, keeping volumes low. Speculation over possible yen-buying intervention continues to hover over the pair.
BoJ May Consider Rate Hike in September, Jiji Press Reports
The Bank of Japan may discuss an additional interest rate increase at its September 17-18 meeting, according to Jiji Press, after holding rates in July to address inflation risks.
NZD/USD Stuck in Range Below 0.5900 on Iran Risks, US CPI Awaits
The New Zealand dollar hovers just under 0.5900 against the US dollar as traders weigh Middle East tensions and brace for US inflation data.
Gold Price Holds Above $4,400 Ahead of US CPI Data
Gold extends its bullish run into a third day, holding above the $4,400 level, as markets await Wednesday's US inflation figures.
EUR/USD Flatlines Near Mid-1.1500s Ahead of US CPI, Iran Tensions
The euro held steady against the dollar around 1.1545-1.1550 during Asian trade, with markets sidelined ahead of US inflation data and geopolitical uncertainty over Iran.
AUD/USD Steadies Near 0.7060 Ahead of RBA Decision
The Australian dollar held ground on Tuesday, trading around 0.7060 as markets awaited the Reserve Bank of Australia’s rate decision.
Gold Surges Past $4,400, Hits Highest Since Early June
Gold prices extended their rally, breaking above the $4,400 level to reach the highest since June 5 during Asian trading.
Gold breaks above $4,400 for the first time since early June
Gold prices surged past $4,400, extending a three-day winning streak and reaching the highest level since June 5, driven by sustained bullish momentum during the Asian session.
Silver Price Drops to Near $66.00 on Fed Hike Fears and Oil Surge
Silver prices fell toward $66 per troy ounce as rising oil prices stoked inflation concerns and bolstered the case for further Federal Reserve rate hikes.
DXY Consolidates Below 100 as Markets Await US CPI, Iran Risks Loom
The US Dollar Index traded in a narrow range below the 100.00 level on Tuesday as investors held back ahead of US inflation data and amid heightened geopolitical tensions.
PBOC Sets USD/CNY Central Rate at 6.7900, Above Market Forecast
The People’s Bank of China fixed the onshore yuan reference rate at 6.7900 per dollar, weakening slightly from the previous fix and coming in well above the Reuters poll estimate.
RBA Expected to Hold Cash Rate at 4.35% as Inflation Cools
The Reserve Bank of Australia is widely expected to keep its official cash rate steady at 4.35% for a second consecutive meeting, with softer inflation reducing pressure for further hikes.
Yen Retreats Above 159 After 120-Pip Session, Intervention Offers No Sustained Support
The Japanese yen surrendered nearly 1% on the session, with USD/JPY rising 0.93% to trade above 159.00 after a 120-pip range from 158.00 to around 159.20. Intervention fears failed to provide lasting demand for the currency.
Australian Dollar Steadies After Strong Rally, Tightest Range in Weeks
The Australian dollar held above $0.7050 on Friday, trading a 20-pip range – its narrowest in weeks – after a nearly 200-pip surge from late June without clear local drivers.
EUR/USD Slides as 100-day SMA Halts Recovery Amid US-Iran Delay
The Euro fell about 0.13% against the Dollar on Monday, with technical resistance at the 100-day SMA capping gains as news of stalled US-Iran talks dampened sentiment.
Fed’s Hammack Calls for More Rate Hikes, Says Policy Not Restrictive Enough
Cleveland Fed President Beth Hammack stated that current rates are not meaningfully restricting the economy and that additional rate hikes are needed.
Citi Mexico Survey: Banxico Hold, USD/MXN Seen at 17.90 by End-2026
Citi Mexico's Expectations Survey of 35 economists points to Banxico holding rates, with USD/MXN forecast to reach 17.90 by the end of 2026.