Market News
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Australian Dollar edges up, RBA hawkish hold does little to revive rate hike expectations
The Australian Dollar (AUD) attracts bids against its major currency peers after the Reserve Bank of Australia’s (RBA) monetary policy decision, but is still trading marginally lower at around 0.7050 against the US Dollar (USD) during the European trading session on Tuesday.
Canadian Dollar remains near two-month highs against US Dollar as Oil prices rise
USD/CAD trades around 1.3935 on Tuesday at the time of writing, virtually unchanged on the day with a modest 0.03% decline.
Germany 5-y Note Auction rose from previous 2.89%Â to 2.93%
Germany 5-y Note Auction rose from previous 2.89%Â to 2.93%
WTI Oil hits fresh highs at $83.50 as Hormuz reopening hopes vanish
Oil prices rally for the second consecutive day on Tuesday, with the barrel of the US benchmark West Texas Intermediate (WTI) trading at $83.50 during the European trading session.
Federal Reserve: Dovish repricing on data and inflation focus – BNY
John Velis at BNY Markets reiterates that he expects no Federal Reserve rate hikes this year, even as risks remain skewed to the upside.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $64.78 per troy ounce, down 2.72% from the $66.59 it cost on Monday.
South Africa Unemployment Total climbed from previous 8.137M to 8.481M in 2Q
South Africa Unemployment Total climbed from previous 8.137M to 8.481M in 2Q
South Africa Unemployment Rate (%): 33.6% (2Q) vs 32.7%
South Africa Unemployment Rate (%): 33.6% (2Q) vs 32.7%
Brent: Inflation risks rise with Hormuz standoff – Deutsche Bank
Deutsche Bank strategists highlight that Brent Oil has broken above $85, closing near $88 as the Strait of Hormuz remains shut and rhetoric between the US and Iran escalates.
US Dollar: Volatility sinks as carry trades hold – ING
ING’s Chris Turner notes that FX volatility is falling as investors appear comfortable with the Federal Reserve holding or potentially tightening rates in September.
British Pound sits near one-week top, above 215.00 vs weak Yen ahead of UK GDP
The GBP/JPY cross recovers a modest intraday dip and climbs above the 215.00 psychological mark during the first half of the European session on Tuesday.
Euro falls against Canadian Dollar as US-Iran tensions heighten oil supply concerns
EUR/CAD continues its losing streak for the fifth consecutive day, trading around 1.6080 during the European hours on Tuesday. The Euro (EUR) is under pressure as rising risk aversion, driven by escalating US-Iran tensions, weighs on the cross.
Japanese Yen: Yield outlook fails to lift Yen – Societe Generale
Societe Generale strategists note the Japanese Yen (JPY) remains the main G10 laggard despite higher domestic yields and Bank of Japan (BoJ) tightening.