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RBAās Bullock: Key question is whether tightening already delivered is enough to slow inflation
Speaking at the Anika Foundation Fundraising Lunch in Sydney on Tuesday, Reserve Bank of Australia (RBA) Governor Michele Bullock said that the ākey question is whether tightening already delivered is enough to slow inflation.ā
Japan's Katayama: Need to communicate JGB market before budget compilation
In the Asian trading session on Tuesday, Japan Finance Minister (FM) Satsuki Katayama highlighted the need to communicate to financial and Japanese Government Bonds (JGBs) markets regarding the administrationās intentions towards the fiscal policy stance.
Asian stocks including KOSPI slide as AI doubts hit chipmakers
Asian stocks fall sharply on Tuesday as mounting skepticism over the massive financial returns on artificial intelligence spending triggered a widespread sell-off across global semiconductor shares.
Canadian Dollar struggles near two-week low vs USD amid bearish oil prices, ahead of FOMC
The USD/CAD pair enters a bullish consolidation phase near a two-week high, touched during the Asian session on Tuesday, and currently trades around 1.4120.
United Kingdom BRC Shop Price Index (YoY) below forecasts (1.2%) in July: Actual (0.9%)
United Kingdom BRC Shop Price Index (YoY) below forecasts (1.2%) in July: Actual (0.9%)
Australian Dollar gains ahead of RBA Governor Bullockās speech
AUD/USD inches higher after recovering its daily losses, trading around 0.6990 during the Asian hours on Tuesday. Traders are keeping a close watch on scheduled remarks from Reserve Bank of Australia (RBA) Governor Michele Bullock later in the day.
British Pound softens as Fed rate uncertainty supports US Dollar
GBP/USD edges lower after opening at a bullish gap, remaining within positive territory and trading around 1.3290 during the Asian hours on Tuesday.
Euro hangs near monthly low, holds above 1.1350 as USD bulls pause ahead of FOMC meeting
The EUR/USD pair is seen consolidating near the monthly trough and trading just above mid-1.1300s during the Asian session on Tuesday. Traders seem hesitant and await the outcome of a two-day FOMC policy meeting before placing aggressive directional bets.
PBOC sets USD/CNY reference rate at 6.7928 vs. 6.7911 previous
The Peopleās Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7928 compared to the previous day's fix of 6.7911.
Tokyo can still afford to defend the Japanese Yen, just not for very long
The Japanese Yen trades a little firmer on Monday, with USD/JPY down 0.05% and sitting short of 164.00 after last week's high stalled a hundredth of a Yen beneath the figure.
The Australian Dollar stops trading commodities and starts trading one number
The Australian Dollar trades just beneath 0.7000 on Monday, up around 0.1%, having covered less than 30 pips between its session high and its session low. For the better part of a fortnight the market has tried to make something of the 0.7000 area and given up each time.
Britain's best data week of the summer sends British Pound Sterling to a four-week low
British Pound Sterling trades beneath 1.3300 against the Dollar on Monday, roughly 0.3% lower on the day and back at ground it last held in the opening days of July. It gets there at the end of the strongest run of British data since the spring, which is the part worth sitting with.
Singapore Dollar: MAS tightening underpins Singapore Dollar ā BBH
Brown Brothers Harrimanās (BBH) Elias Haddad notes that USD/SGD is consolidating around 1.2900 after pulling back from near 1.3000, as the Monetary Authority of Singapore (MAS) unexpectedly tightened policy for a second consecutive meeting.