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US Dollar: Fragmentation risks and reserve diversification ā MUFG
Michael Wan at MUFG discusses US threats of economic punishment on countries dealing with Iran and new sanctions on over 60 entities.
GBP/JPY Price Forecast: Bulls recover lost ground as intervention effect wears off
GBP/JPY extends its steady recovery on Tuesday and has now recouped almost all the losses triggered by the joint US-Japan intervention in late July. The intervention was aimed at curbing excessive weakness in the Japanese Yen (JPY) after USD/JPY climbed above 160 to a forty-year high.
Canadian Dollar: Trade conflict keeps downside risks alive against US Dollar - ING
INGās Francesco Pesole highlights escalating US-Canada trade tensions, with new US tariffs on Canadian autos and parts announced for early next year.
Japanese Yen under pressure as geopolitical risks support the US Dollar
USD/JPY trades around 159.30 on Tuesday at the time of writing, up 0.15% on the day.
Oil: Chinese demand peak shifts market balance ā Commerzbank
Commerzbankās Carsten Fritsch notes that softer-than-expected US sanctions on Iran have added to downward pressure on Oil prices despite severe disruptions to tanker traffic through the Strait of Hormuz.
WTI plummets to near $82 as US economic pressure on Iran seems less risky
West Texas Intermediate (WTI), futures on NYMEX, trade 3% lower at around $82.00 during the European trading session on Tuesday.
British Pound hovers near six-month highs with investors awaiting key US events
The British Pound (GBP) remains practically flat for the second consecutive day against the US Dollar (USD), with markets on a āwait-and-seeā stance, awaiting key US Inflation data on Wednesday and the Jackson Hole central bankersā summit on Friday.
Australian Dollar: Strength intact with 0.7200 in focus against US Dollar ā UOB
United Overseas Bankās (UOB) Quek Ser Leang and Lee Sue Ann note AUD/USD has slipped into short-term consolidation between 0.7135 and 0.7170 after last weekās sharp rise, but they still regard the broader uptrend as intact.
Euro: Recovery against US Dollar supported by data ā BBH
Brown Brothers Harrimanās (BBH) Elias Haddad reports EUR/USD is firmer but still below 1.1700 as Germanyās IFO survey rises to a one-year high, echoing Eurozone PMI and ZEW improvements.
Gold takes a breather after climbing to a fresh three-month high, US PCE in focus
Gold (XAU/USD) remains under pressure on Tuesday after setting a fresh three-month high of $4,697 earlier in the day. Traders appear to be booking some profits following the recent rally, which has pushed the Relative Strength Index (RSI) into overbought territory.
US Dollar: Debasement fears meet historical skepticism ā MUFG
MUFG analysts Derek Halpenny and Abdul-Ahad Lockhart note that the Dollar Index (DXY) is consolidating after a modest rebound, even as markets focus on US fiscal concerns, Treasury buybacks and perceived USD debasement.
Euro stands above 1.1650, supported by upbeat German macroeconomic data
The Euro (EUR) remains practically flat against theĀ US Dollar (USD) on Tuesday, trading above 1.1650, at a relatively short distance from the three-month highs, at 1.1710 hit last week.
Gold Price Forecast: XAU/USD holds onto early losses near $4,630, US Yields plunge
Gold price (XAU/USD) is down 0.4% to near $4,630 during the European trading session on Tuesday. The precious metal corrects after failing to extend the rally above $4,700 earlier in the day.