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US Dollar: FOMC fallout weighs on USD – MUFG
Lee Hardman at MUFG highlights that the US Dollar index has fallen back below 100.00 following last week’s FOMC meeting, as the Fed left rates on hold and Chair Kevin Warsh offered less hawkish guidance.
Silver shines near $60 as falling Oil supports precious metals
Silver (XAG/USD) trades around $59.80 at the time of writing on Tuesday, up 2.81% on the day.
Copper: Tariff uncertainty and tight supply – BNY
BNY’s Geoff Yu notes Copper is surging as tighter availability meets uncertainty over United States (US) tariffs, with shipments to the United States draining inventories elsewhere and constrained mine output leaving the market exposed to squeezes.
South Africa Total New Vehicle Sales rose from previous 54482Â to 57708 in July
South Africa Total New Vehicle Sales rose from previous 54482Â to 57708 in July
Canada Imports increased to $73.63B in June from previous $72.86B
Canada Imports increased to $73.63B in June from previous $72.86B
United States Goods and Services Trade Balance came in at $-73.3B below forecasts ($-73B) in June
United States Goods and Services Trade Balance came in at $-73.3B below forecasts ($-73B) in June
Canada International Merchandise Trade registered at $3.86B above expectations ($3B) in June
Canada International Merchandise Trade registered at $3.86B above expectations ($3B) in June
Canada Exports up to $77.49B in June from previous $77.09B
Canada Exports up to $77.49B in June from previous $77.09B
Japanese Yen: Joint intervention lifts JPY against US Dollar – Rabobank
Rabobank’s Senior FX Strategist Jane Foley highlights that Japanese authorities benefited from the post-FOMC US Dollar (USD) drop, which eased pressure on the Japanese Yen (JPY).
GBP/JPY Price Forecast: Bears test 200-day SMA after sharp sell-off
GBP/JPY rises on Tuesday as the Japanese Yen (JPY) gives back part of its recent rally, which was driven by coordinated intervention from Tokyo and Washington.
US Treasury Secretary Bessent says Hormuz deal nears as Oil prices tumble
US Treasury Secretary Scott Bessent said in a CNBC interview on Tuesday that a deal with Iran to reopen the Strait of Hormuz could be reached as soon as Tuesday or Wednesday. He added that he expects energy prices to "settle back down".
Brazil Industrial Output (YoY) below forecasts (3%) in June: Actual (1.7%)
Brazil Industrial Output (YoY) below forecasts (3%) in June: Actual (1.7%)
Mexico Consumer Confidence s.a climbed from previous 43.8 to 45 in July
Mexico Consumer Confidence s.a climbed from previous 43.8 to 45 in July