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Iran says commercial vessel struck in Strait of Hormuz
Iranian state media claimed an Iranian commercial vessel was struck in the Strait of Hormuz on Saturday, killing one person, amid an ongoing conflicts between the United States (US) and Iran for control over the crucial energy chokepoint, CNN reported.
New Zealand Business NZ PSI increased to 51.2 in August from previous 50.6
New Zealand Business NZ PSI increased to 51.2 in August from previous 50.6
New Zealand Visitor Arrivals (YoY) up to 8.5% in July from previous 8.1%
New Zealand Visitor Arrivals (YoY) up to 8.5% in July from previous 8.1%
Oman meeting between Gulf states and Iran delayed — Reuters
Omani Foreign Minister Badr Albusaidi said that a meeting in Oman between ‌Gulf countries and Iran to discuss possible agreements on the Strait of Hormuz, which had been scheduled for Monday, ‌has been postponed, Reuters reported on Sunday.
AUD/USD Price Forecast: Doji high guards bulls as Fed bets bite
The AUD/USD ended the day in the green but finished the week 0.45% lower amid growing bets that the Fed will raise rates next week, boosting the US Dollar. Nevertheless, on Friday, the pair traded at 0.7171, up a decent 0.38%.
Singapore Dollar: Downside bias capped with 1.2705 against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/SGD has rebounded strongly, with short-term momentum pointing higher but key resistance at 1.2705 expected to limit gains.
USD/CHF Price Forecast: Bulls break 0.8150 as CPI fuels Fed bets
The USDCHF climbs over 0.40% on Friday after US consumer inflation data, coupled with Thursday's PPI, pushed investors to price in a Fed interest rate hike at next week's meeting. The pair trades at 0.8165 after rebounding from daily lows of 0.8124.
Taiwan Dollar: CBC seen on hold before December hike – DBS
DBS Group Research expects Taiwan’s central bank to keep its policy rate unchanged on September 17, before raising it to 2.125% in December.
Crude Oil buckles early and grinds back on talk of a Hormuz arrangement
West Texas Intermediate (WTI) trades near $97.00, about 3.4% lower and on track for its first down session in five.
United States Monthly Budget Statement came in at $-166.8B, above expectations ($-404B) in August
United States Monthly Budget Statement came in at $-166.8B, above expectations ($-404B) in August
Japan CFTC JPY NC Net Positions: ¥10.8K vs ¥-92.2K
Japan CFTC JPY NC Net Positions: ¥10.8K vs ¥-92.2K
Eurozone CFTC EUR NC Net Positions dipped from previous €-24.9K to €-42.6K
Eurozone CFTC EUR NC Net Positions dipped from previous €-24.9K to €-42.6K
United States CFTC Gold NC Net Positions rose from previous $228.1KÂ to $232K
United States CFTC Gold NC Net Positions rose from previous $228.1KÂ to $232K