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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.
Gold Falls 1.4% to $4,020 Despite Market Panic
XAU/USD drops from $4,075 to near $4,020 in New York morning, failing to benefit from risk aversion.
RBA Governor Signals Possible August Rate Hike
RBA Governor Michele Bullock indicated that a rate hike could be on the table for the August 10–11 meeting, citing persistently high inflation.
Canadian Dollar Edges Higher Despite Oil Weakness, USD/CAD at 1.4105
The Canadian dollar strengthened slightly on Tuesday against a broadly softer U.S. dollar, though lower crude prices capped the move. USD/CAD traded around 1.4105 ahead of the Fed decision.
TD Securities: Swiss Franc Weakness Due to Carry and Gold After Iran Shock
TD Securities strategists link the Swiss Franc's underperformance since February 2026 to low-yield carry dynamics and its sensitivity to gold.
Bank of Japan Expected to Hold Rates, Yen Under Scrutiny
The Bank of Japan is widely anticipated to leave its policy rate at 1.00% following a 25bp hike in June. Markets question whether the decision can support the struggling yen.
RBA Pause Risk Drags Australian Dollar Lower
The Australian dollar weakened as RBA Governor Bullock signaled patience despite a hawkish bias, pointing to softer domestic demand and labor conditions.
Central Banks Expected to Hold Rates; Ceasefire and Fed in Focus
Three major central banks are set to meet this week with all expected to keep policy on hold, while markets watch economic forecasts and the Warsh press conference.
Scotiabank: limited upside for CAD against USD, USD/CAD near fair value at 1.4115
Scotiabank strategists see limited upside for the Canadian dollar against the US dollar, with USD/CAD trading near their fair-value estimate of 1.4115, constrained by wide short-term rate differentials.
Euro Nears Three-Week High Against Pound on UK Fiscal Concerns
The euro held firm on Tuesday, extending its recovery from a more than one-year low as diverging central bank expectations and UK fiscal worries weighed on sterling.
NZD/USD Pressured Near 0.5770 as Safe-Haven USD Strengthens
NZD/USD trades slightly lower around 0.5770 on Tuesday, weighed by a strong US Dollar supported by safe-haven flows.
Swiss Franc pressured by tariffs and steady SNB rate outlook
The Swiss franc faces headwinds amid ongoing trade tariffs and a report suggesting the SNB may keep rates unchanged until 2028, challenging market pricing for hikes.
GBP/USD Slips to Fresh Low Near 1.3277 as Central Bank Policies Diverge
Sterling extended losses against the greenback on Tuesday, falling to its lowest level in over three weeks. Market focus remains on the diverging policy outlooks of the Federal Reserve and Bank of England.
Australia Core CPI Expected to Rise, Keeping RBA Hike Debate Alive
TD Securities expects the RBA's preferred core CPI to increase 0.9% q/q in Q2, matching consensus and up from 0.8% in Q1, pushing annual core inflation to 3.7%. This keeps the rate hike discussion active as inflation risks persist.
EUR/USD Slides Toward Year-to-Date Low of 1.1324
The euro failed to find support from a Middle East truce and cheaper oil, with EUR/USD dropping to fresh one-month lows below 1.1360.
Gold’s $4,000 Support Under Threat Ahead of Fed Decision
Gold prices are under pressure as the US Dollar strengthens, with traders eyeing the $4,000 key support level ahead of a critical Federal Reserve meeting. Oil’s decline offers little relief.
CEE FX: Rate Repricing Opens Path for Gains – ING
CEE rate curves have seen a sharp repricing, with more tightening expected in the Czech Republic and Poland and further easing elsewhere, according to ING. The analyst sees room for currency gains as rates normalize.
Australian Dollar Slips After RBA Bullock’s Economic Remarks
The Australian dollar weakened 0.35% to around 0.6965 against the US dollar during European trade following RBA Governor Bullock’s comments on the economy.