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Canadian Dollar consolidates below 1.4050 vs USD as rebounding oil prices cap upside
The USD/CAD pair struggles to capitalize on the previous day's modest recovery gains and oscillates in a narrow band during the Asian session on Tuesday. Spot prices currently trade just below the 1.4050 level, nearly unchanged for the day, amid mixed fundamental cues.
British Pound weakens below 1.3450 as US-Iran uncertainty boosts safe-haven US Dollar
The GBP/USD pair loses ground to near 1.3425 during the early Asian session on Tuesday. Uncertainty surrounding US-Iran talks drives traders toward a safe-haven currency such as the US Dollar (USD) against the British Pound (GBP).
WTI trades with positive bias below mid-$79.00s on Iran uncertainty, supply concerns
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – edges higher during the Asian session on Tuesday and looks to build on the overnight bounce following an intraday slump to levels below mid-$77.00s.
PBOC sets USD/CNY reference rate at 6.7917 vs. 6.7898 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7917 compared to the previous day's fix of 6.7898 and 6.7595 Reuters estimate.
Euro declines as US Dollar gains on Middle East uncertainty
EUR/USD remains subdued for the third successive day, trading around 1.1500 during the Asian hours on Tuesday.
Japanese Yen gathers strength as US, Japan confirm rare joint intervention
The USD/JPY pair edges lower to around 157.40 during the early Asian trading hours on Tuesday.
Japan Monetary Base (YoY) declined to -13.8% in July from previous -13.7%
Japan Monetary Base (YoY) declined to -13.8% in July from previous -13.7%
Fed's Warsh weighs cutting regular FOMC meetings to six from eight a year
Federal Reserve (Fed) Chair Kevin Warsh is reportedly weighing whether the US central bank should hold fewer policy meetings each year, according to the New York Times, citing four people familiar with the matter.
Ireland AIB Manufacturing PMI: 55.1 (July) vs 54.9
Ireland AIB Manufacturing PMI: 55.1 (July) vs 54.9
Iran rejects any second corridor through Strait of Hormuz
Iranian state television, advisor to the Supreme Leader, General Mohsen Rezaei said that the country will absolutely not allow the opening of a second corridor in the Strait of Hormuz, Reuters reported on Monday.
Gold declines to near $4,050 on US–Iran talks uncertainty
Gold price (XAU/USD) declines to near $4,050 during the early Asian session on Tuesday. The precious metal eased slightly from the recent rally after the US paused planned airstrikes against Iran. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.Â
South Korea Consumer Price Index Growth (YoY) below expectations (3%) in July: Actual (2.8%)
South Korea Consumer Price Index Growth (YoY) below expectations (3%) in July: Actual (2.8%)
South Korea Consumer Price Index Growth (MoM) registered at -0.2%, below expectations (0.1%) in July
South Korea Consumer Price Index Growth (MoM) registered at -0.2%, below expectations (0.1%) in July