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PBOC Sets Lower USD/CNY Fix at 6.7899
China's central bank set the onshore yuan reference rate at 6.7899 per dollar, stronger than the prior 6.7928 fix.
Gold Prices Hold Losses Near $4,020 as Middle East Tensions, Fed Uncertainty Weigh
Gold price (XAU/USD) remained under pressure for the second consecutive day, trading around $4,020 per ounce during Asian hours, as investors weighed Middle East tensions and Federal Reserve rate uncertainty.
Yen Steadies Near 164 Despite Regional Equity Rout
The Japanese yen traded in a tight range around 164 per dollar on Tuesday, largely ignoring a sell-off in Asian equities.
Aussie Slips Below 0.7000 After RBA Governor's Speech, Eyes Key Data
The Australian dollar fell 0.25% on Tuesday, underperforming G10 peers, after the Reserve Bank's governor offered no fresh hawkish signals. Markets now await a critical data release that could determine the central bank’s August policy move.
Euro Steady Near 1.1400, Cheaper Energy Adds to Dilemma
EUR/USD hovers around 1.1400 on Tuesday, up 0.15%, as falling energy prices present a mixed outlook for the currency.
British Pound Idles Below 1.3300 as Market Awaits Forecast
The British pound traded virtually unchanged on Tuesday, holding just under 1.3300 with a session range of less than 40 pips.
Indonesia Markets Wobble After Unexpected BI Governor Resignation
Bank Indonesia Governor Perry Warjiyo’s surprise exit triggers initial weakness in onshore assets as investors weigh the impact on rupiah stability, according to DBS economist Radhika Rao.
Australia CPI Data May Lift AUD If Inflation Tops 4%
The Australian June CPI print on Wednesday at 01:30 GMT is expected at 4% y/y, with the monthly figure seen at 0.2%. A higher reading could support the Australian dollar.
MAS Tightening Keeps SGD Supported, Pair Under Pressure
Commerzbank analysts note that the Monetary Authority of Singapore unexpectedly tightened policy again, increasing the SGD NEER slope, which keeps the USD/SGD pair under downward pressure.
NZD/USD Steady Around 0.5785 as Traders Await Fed Decision
The New Zealand dollar was little changed against the greenback on Tuesday, trading near 0.5785 as market participants braced for the upcoming Federal Reserve interest rate decision.
BRL Seen Weaker Into Year-End, Rabobank Says
Rabobank strategists expect the Brazilian real to weaken further by year-end, citing lingering global uncertainties despite a pause in US-Iran hostilities.
US Dollar Eases Ahead of Fed Decision; Oil, Gold Extend Losses
The U.S. dollar edged lower on Tuesday as traders reduced risk exposure ahead of the Federal Reserve’s upcoming policy meeting. Oil and gold prices continued their decline.
USD/MXN Near 17.40 as Mexican Peso Slips for Third Day
The Mexican Peso weakened for a third consecutive session, with USD/MXN trading around 17.40 as the dollar stayed firm ahead of the Fed’s policy announcement.
Yen Steadies Near Multi-Decade Lows as Tokyo CPI Looms
USD/JPY trades just above 163.80 on Tuesday, resisting a deeper pullback despite soft U.S. consumer confidence data. Traders now look to Tokyo inflation figures for near-term direction.
Swiss Franc holds steady against Dollar before Fed decision
The Swiss Franc steadied against the US Dollar on Tuesday as the greenback retreated from early gains, with markets turning cautious ahead of the Federal Reserve’s policy announcement.
Euro Gains for Eighth Time in Nine Sessions vs Pound as Sterling Slides
The euro is on track for its eighth advance in nine trading days against the British pound, but the move is being driven by sterling weakness rather than euro strength.
Silver Drops as US-Iran Deal Hopes Dent Safe-Haven Demand
Silver fell 1.71% to around $57.40 on Tuesday, pressured by a stronger dollar and reduced safe-haven appetite amid optimism over a potential US-Iran deal ahead of the Fed decision.
DXY Pulls Back from Monthly Highs to 101.30 Ahead of Fed
The US Dollar Index gave up its recent gains, retreating to the 101.30 area from its highest level in a month as traders awaited the Federal Reserve's next steps.
Euro Rallies Past 1.14 as Soft US Consumer Confidence Weighs on Dollar
EUR/USD advanced 0.3% to trade near the 1.1400 handle on Tuesday, buoyed by a weaker US Dollar after downbeat American consumer confidence data pushed the Dollar Index toward 101.30.
Swissquote UK Annual Pre-Tax Loss Climbs 52%; Parent Follows with £5 Million Injection
Swissquote UK reported a 52% wider pre-tax loss of £1.76 million for 2025 as revenue fell 39%. Its parent later injected £5 million and the FCA expanded its permissions.
AUD/USD Slips to 0.6970 as RBA Governor Keeps Rate Hikes on Table
The Australian dollar fell to around 0.6970 against the US dollar on Tuesday, even after RBA Governor Michele Bullock signaled further rate increases are possible.
GBP/USD Flat Near 1.33 as Markets Await Central Bank Decisions
The British pound is trading around 1.3300 during the New York session, moving less than 30 pips on the day.
GBP/USD Extends Bearish Reversal as BoE Tightening Bets Fade
Scotiabank strategists note that GBP/USD is sliding toward early-July levels as markets reduce expectations for Bank of England rate hikes.