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Australian Dollar trades near weekly high after RBA decision
AUD/USD trades moderately higher above the 0.7060 price region after the Reserve Bank of Australia (RBA) left interest rates unchanged at 4.35% in a unanimous decision at the August monetary policy decision.
United States Existing Home Sales (MoM) registered at 4.06M above expectations (4.05M) in July
United States Existing Home Sales (MoM) registered at 4.06M above expectations (4.05M) in July
Russia Foreign Trade: $12.461B (June) vs previous $14.154B
Russia Foreign Trade: $12.461B (June) vs previous $14.154B
WTI Oil reverses course as Iran, Oman move closer on Hormuz talks
West Texas Intermediate (WTI) US Oil retreats on Tuesday, trading around $80.40 at the time of writing, down 1.28% on the day. The US benchmark gives back its previous gains after Qatar reported progress in negotiations between Iran and Oman regarding the Strait of Hormuz.
United States Existing Home Sales Change (MoM): -1.7% (July) vs -2.4%
United States Existing Home Sales Change (MoM): -1.7% (July) vs -2.4%
Australian Dollar: RBA holds hawkish bias with steady rates – ING
ING’s Chris Turner reports that the Reserve Bank of Australia kept rates at 4.35%, while Governor Michele Bullock delivered a hawkish message, stressing upside inflation risks and revealing that a hike was discussed. Short-dated Australian yields reversed higher.
EUR/USD Price Forecast: Range-bound trade persists below 100-day SMA
EUR/USD fluctuates on Tuesday, holding within the range seen over the past week. At the time of writing, the pair trades around 1.1546, virtually unchanged on the day.
Gold: ETF inflows and sceptical outlook – Commerzbank
Commerzbank’s Carsten Fritsch notes Gold breaking above USD 4,400 per ounce despite a sharp Oil rally, with Fed rate expectations only modestly higher after weak US labour data.
Japan: BoJ inflation focus and rate risks – Rabobank
Rabobank's Senior FX Strategist Jane Foley examines Japanese inflation dynamics and Bank of Japan policy. The report notes elevated Oil prices and supply risks, but stresses BoJ’s focus on core inflation and wage-driven pressures after decades of deflation.
Singapore: Strong growth momentum defies risks – DBS
DBS Group Research economist Chua Han Teng highlights that Singapore’s economy is set to deliver above-trend growth for a third straight year in 2026, supported by manufacturing, wholesale trade and financial services.
Euro: Rangebound against US Dollar as volatility sinks – ING
Chris Turner at ING observes that EUR/USD realised volatility continues to decline, with one-year volatility matching lows from November 2024.
United States Redbook Index (YoY) down to 8.3% in August 7 from previous 8.7%
United States Redbook Index (YoY) down to 8.3% in August 7 from previous 8.7%
Japanese Yen: Heading back toward 160 against US Dollar – Commerzbank
Volkmar Baur at Commerzbank notes that the Japanese Yen has weakened again above 159 per Dollar despite recent intervention and Bank of Japan signals.