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Canadian Dollar: Trade tensions and extended BoC hold – TD Securities
TD Securities highlights asymmetric upside risk in USD/CAD as US–Canada trade tensions escalate.
Silver drops below $65 as hawkish Fed bets weigh on XAG/USD
Silver (XAG/USD) extends its decline on Tuesday, trading around $64.85 at the time of writing, down 2.54% on the day. The white metal slips below the key $65.50 area as prospects of tighter US monetary policy continue to weigh on precious metals.
New Zealand Dollar slumps against US Dollar amid firm hawkish Fed bets
The New Zealand Dollar (NZD) is down 0.35%, marginally below 0.5900 against the US Dollar (USD) during the European trading session on Tuesday.
Euro extends losses against British Pound as Eurozone inflation fails to impress
The Euro (EUR) heads south against the British Pound (GBP) on Tuesday, weighed by somewhat softer inflationary pressures on the Eurozone and downbeat German Retail Sales figures.
WTI Oil climbs toward $87 as US-Iran tensions threaten supply
West Texas Intermediate (WTI) US Oil extends its rebound for a second consecutive day on Tuesday, gaining 1.76% on the day to trade around $86.95 at the time of writing.
Euro: Rebound capped by nearby resistance against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has bounced strongly from 1.1573 after an excessive selloff, but momentum remains subdued. Intraday, the Euro (EUR) is expected to hold within 1.1595–1.1640.
Breaking: US JOLTS Job Openings rise to 7.27 million in July vs. 7.3 million expected
The number of job openings rose slightly to 7.271 million in July from 7.182 million in June, the US Bureau of Labor Statistics (BLS) reported on Tuesday. This reading came in below the market expectation of 7.3 million.
US Dollar: Jackson Hole keeps hike risk alive – MUFG
MUFG’s Derek Halpenny notes the US Dollar has gained modestly after Fed Chair Warsh’s Jackson Hole speech, with US Dollar Index (DXY) up around 0.3% since Friday’s open and 2‑year Treasury yields sharply higher.
Germany 5-y Note Auction climbed from previous 2.93% to 3.09%
Germany 5-y Note Auction climbed from previous 2.93% to 3.09%
Brazilian Real: Fiscal risks weigh on currency – Commerzbank
Commerzbank’s Michael Pfister highlights that Brazil’s very high real interest rates have not prevented solid GDP growth, as expansionary fiscal policy has offset restrictive monetary conditions. With elections approaching and spending rising again, he warns that budget consolidation may be slow.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $64.76 per troy ounce, down 2.69% from the $66.55 it cost on Monday.
Polish Zloty: Fiscal risks cap gains against Euro - Societe Generale
Societe Generale notes that the Polish Zloty strengthened while domestic bonds sold off as August inflation and second-quarter Gross Domestic Product (GDP) exceeded expectations and the government presented its 2027 budget.
CEE FX: Hawkish repricing supports regional currencies – ING
ING strategist Frantisek Taborsky reports that Polish inflation surprised to 3.4% on higher fuel prices, while food prices fell, and a busy data calendar looms for Central and Eastern Europe.