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United States Dollar Index strengthens as oil surge bolster Fed rate hike bets
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive day and trading around 101.20 during Asian hours on Tuesday.
Japan’s Katayama says undervalued Yen generally poses problems
Japanese Finance Minister (FM) Satsuki Katayama said on Tuesday that she believes that undervalued Japanese Yen is problematic, while saying that she agreed with Treasury Secretary Scott Bessent to beef up cooperation when asked about phone talks on September 25.
Euro consolidates above 1.1350, seems vulnerable near late July lows amid bullish USD
The EUR/USD pair is seen consolidating around the 1.1365-1.1370 region during the Asian session on Tuesday and trading near its lowest level since July 28, touched the previous day.
British Pound softens to near 1.3250 as elevated US yields outweigh BoE’s hawkish tone
The GBP/USD pair loses ground to near 1.3250 during the early Asian trading hours on Tuesday. US Treasury yields ‌remain above 5% at multi-decade highs, supporting the US Dollar (USD) against the British Pound (GBP). Traders will keep an eye on the Fedspeak later on Tuesday.Â
Silver Price Forecast: XAG/USD drops to near $60.50 amid surging oil, Treasury yields
Silver price (XAG/USD) continues to lose ground after registering over 5% losses in the previous day, trading around $60.60 per troy ounce during Asian hours on Tuesday. Non-yielding Silver price declined as ongoing uncertainty surrounding US-Iran negotiations kept oil prices elevated.
PBOC sets USD/CNY reference rate at 6.7411 vs. 6.7399 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7411 compared to the previous day's fix of 6.7399 and 6.7177 Reuters estimate.
Canadian Dollar slumps to its lowest level since July 9, eyes 1.4200 vs bullish USD
The USD/CAD pair prolongs a three-week-old upward trajectory, rising to its highest level since July 9 and closer to the 1.4200 mark during the Asian session on Tuesday amid a bullish US Dollar (USD).
WTI inches up above $92.00 on Qatari-mediated US-Iran talks, Saudi pipeline restart
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $92.05 during the early Asian trading hours on Tuesday.
Bullock Speech: RBA Governor speaks on policy outlook after the expected interest rate hike
Reserve Bank of Australia (RBA) Governor Michele Bullock is addressing the press conference, explaining the reason behind raising the key interest rate by 25 basis points (bps) to 4.60% from 4.35% in the September policy meeting.
New Zealand Dollar steadies near its lows as RBNZ hike bets keep building
Five straight weekly declines have left NZD/USD at its lowest since late June. Monday's low near 0.5650 matched Thursday's and Friday's, and the pair closed just above it with a small gain.
Iran’s Araghchi says if US wants deal or peace, Tehran has offered solution
Iran's Foreign Minister Abbas Araghchi said on Monday that Tehran discussed proposals with Qatari mediators that are to be put to the United States (US), IRNA reported. He added that the US response will be conveyed to Iran through the Qatari mediators.
Japanese Yen flatlines as Friday's rebound on Trump's concern holds
Japan's Ministry of Finance (MoF) reports on Wednesday how much Yen it bought between August 27 and September 28, which will show whether the rate check reported on September 18 turned into real money.
Gold tumbles below $4.150 as US bond yields, oil prices rise
Gold price (XAU/USD) falls to near $4,125 during the early Asian session on Tuesday. The precious metal faces some selling pressure as rising US Treasury yields and expectations of further Federal Reserve interest rate hikes sap demand for the non-yielding metal.