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EUR/JPY Price Forecast: Remains above 180.50 amid subdued upside momentum
EUR/JPY extends its gains for the third consecutive day, trading around 180.60 during Asian hours on Tuesday. Technical analysis of the daily chart shows the currency cross remaining within a descending channel, suggesting a persistent bearish bias.
Australian Dollar drifts higher above 0.7100 after RBA's Bullock speech
The AUD/USD pair gains ground to near 0.7120 during the early European trading hours on Tuesday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) following Reserve Bank of Australia (RBA) Governor Michele Bullock’s speech.
RBNZ’s Breman: Higher oil prices point to firmer near-term inflation
Reserve Bank of New Zealand (RBNZ) Governor Anna Breman said on Tuesday that if higher oil prices persist, they are expected to result in somewhat higher near-term inflation than assumed in the September statement.
British Pound consolidates vs USD; bearish bias remains amid divergent Fed-BoE outlook
The GBP/USD pair consolidates above mid-1.3300s during the Asian session on Tuesday and remains within striking distance of its lowest level since July 30, touched last week.
New Zealand Dollar slips amid gradual RBNZ rate hike outlook, geopolitical tensions
NZD/USD extends its losing streak for the third consecutive day, trading around 0.5700 during the Asian hours on Tuesday.
Japanese Yen weakens on BoJ's lack of hawkish guidance, eyes on potential intervention
The USD/JPY pair gathers strength to around 157.55 during the early trading hours on Tuesday. A lack of explicitly hawkish guidance from the Bank of Japan (BoJ) after the rate hike last week undermines the Japanese Yen (JPY) against the US Dollar (USD).
Canadian Dollar hits fresh low since August 5, seems vulnerable vs bullish USD
The USD/CAD pair touches a fresh high since August 5 during the Asian session on Tuesday, though it lacks follow-through buying and remains below mid-1.4000s.
PBOC sets USD/CNY reference rate at 6.7459 vs. 6.7487 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7459 compared to the previous day's fix of 6.7487 and 6.6989 Reuters estimate.
Euro edges higher above 1.1450 despite German political risks, hawkish Fed rhetoric
The EUR/USD pair trades with mild gains near 1.1470 during the early Asian trading hours on Tuesday. Middle East diplomacy hopes provide some support to the riskier assets such as the Euro (EUR) against the US Dollar (USD). Traders await the Fedspeak later on Tuesday for fresh impetus.Â
RBA’s Hunter backs more hikes as inflation risks entrench
The Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter confirmed the need for further rate hikes this year, to keep inflation in check. This has increased the chances for a rate increase at the September 29 meeting.
Yemeni forces says Houthis drone, fighters targeted
Yemeni government forces said that they struck Houthi fighters and supply lines near the Bab al-Mandeb Strait and in al-Bayda governorate and shot down a Houthi drone in southwestern Taiz province, aljazeera news agency reported on Monday.
ECB’s Lane says energy shock could delay inflation’s return to 2%
The European Central Bank (ECB) Chief Economist Philip Lane stated that the European economy will expand steadily at a moderate pace if the energy shocks ease, according to Le Temps.
Australian Dollar holds its nerve as Fed hawks meet RBA hike bets
The Aussie Dollar holds firm versus the Greenback at the start of the week, hovering near 0.7119 as risk appetite remains positive despite Fed officials turning more hawkish than expected, ahead of the Trump-Xi summit in the US, later this week.