AUD/USD edges higher on Tuesday as hawkish Reserve Bank of Australia (RBA) expectations help the Australian Dollar (AUD) outperform its major peers. A recovery in equity markets as concerns over heavy AI spending subsid…
Australia’s Consumer Price Index (CPI) rose by 4.3% year-over-year (YoY) in September, compared to a 4.0% growth reported in August, the latest data published by the Australian Bureau of Statistics (ABS) showed on Wedne…
Gold prices stage a rebound off a daily low of $3,989, rising over 1% on Tuesday even as the US Dollar and US Treasury yields rose. Falling Oil prices provide a leg up for the yellow metal, while investors brace for the…
The yen was 0.16% weaker at 157.73 per dollar, inching further away from the one-month high it touched last week ahead of the Bank of Japan policy decision later this week. The yen had lost ground on Monday too.
USD/CHF advances for the third straight day, registering modest gains of 0.09% on Tuesday, with the pair recovering some ground after hitting a monthly low of 0.8191 last Friday. The pair exchanges hands at 0.8282 with …
The US Dollar (USD) has added to Monday’s optimism, advancing to the area of fresh two-week highs on the back of mixed US Treasury yields and the continuation of the pre-Fed cautious stance in the global markets.
GBP/USD traded at 1.3310 on Tuesday afternoon, down 0.25% from Monday’s close at 1.3342, extending its losing streak to four sessions. The pair opened at 1.3343, touched a session high of 1.3349 in the European morning …
Scotiabank strategists Shaun Osborne and Eric Theoret note the US Dollar (USD) is supported by sentiment even as rate differentials soften. They highlight a widening gap between US Dollar Index (DXY) and fair value, and…
Brown Brothers Harriman’s (BBH) Elias Haddad expects Chile’s central bank to keep its policy rate at 4.50% for a sixth meeting, despite market pricing for future hikes. He argues this path is too aggressive given weak d…
BNY Markets’ John Velis previews the October FOMC, expecting no rate hike this week but a possible move in December. He notes market-implied probabilities show the Fed funds rate peaking just above 4.5% with around thre…
New orders for manufactured Durable Goods in the United States (US) rose by $6.3 billion, or 1.8%, to $345.4 billion in September, the US Census Bureau reported on Tuesday. This reading followed a 0.1% decline recorded …
EUR/USD remains on the back foot on Tuesday as the Euro (EUR) underperforms across the board amid concerns over France’s public finances, while a firmer US Dollar (USD) adds pressure. At the time of writing, the pair tr…
Gold (XAU/USD) reverses earlier losses during American trading hours on Tuesday as a pullback in Oil prices attracts buyers. However, the metal’s gains remain in check as the US Dollar (USD) regains ground following rec…
National Bank of Canada (NBC) economists Taylor Schleich and Ethan Currie argue that economic slack and contained core inflation have allowed the Bank of Canada to be patient, but sustained high Oil prices and a firmer …
Federal Reserve decisions can sometimes feel like the only events that determine whether the stock market rises or falls. Yet the marketâs response has rarely been that simple. Historically, stocks havenât moved in …
Commerzbank’s Michael Pfister highlights that the British Pound’s (GBP) key event is the new United Kingdom (UK) budget under Prime Minister Andy Burnham, with markets relieved by the calmer approach to fiscal messaging…
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD failed to hold its recent range, slipping to 1.1172 and reinforcing a short-term downside bias. Intraday, the pair is seen drifting towa…
The British Pound (GBP) underperforms its major currency peers, except the Japanese Yen (JPY), on Tuesday. Against the Japanese currency, the Pound Sterling is up 0.18% to near 210.30.
The Indian Rupee (INR) weakens again versus the US Dollar (USD) as demand for US Dollars remains significant due to elevated oil prices. On Tuesday, the USD/INR pair holds onto three-day gains near 95.20
Japanese Finance Minister (FM) Satsuki Katayama said on Tuesday that the government is prepared to take decisive steps in the foreign exchange market. Katayama added that officials will closely monitor market moves with…
USD/IDR halts its four-day winning streak, trading around 18,170 during Asian hours on Tuesday. The pair pulled back after reaching a nearly five-month high of 18,216 on Monday. However, the Indonesian Rupiah (IDR) cont…
Gold (XAU/USD) remains depressed heading into Tuesday’s European session, with bearish traders looking to extend the slide further below the $4,000 psychological mark amid a broadly firmer US Dollar (USD). The precious …
Iran, Saudi Arabia, Pakistan, and Turkey agreed on Monday to continue security discussions and enhance regional cooperation following high-level talks held in Tehran, according to Islamic Republic of Iran Broadcasting (…
Gold price (XAU/USD) rebounds to around $4,010, snapping the two-day losing streak during the early Asian session on Tuesday. The precious metal edges higher as easing oil prices temper inflation concerns ahead of this …