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Canadian Dollar remains depressed as firmer USD and trade war counter higher oil prices
The USD/CAD pair sticks to a positive bias for the second straight day and trades around mid-1.3800s during the Asian session on Tuesday.
RBA's Jacobs: Transition from RBA controlling reserves quantity to banking system managing it
Reserve Bank of Australia (RBA) Head of Domestic Markets, David Jacobs, said during the Asian trading session on Tuesday that the central bank aims to have a system that can flexibly supply whatever quantity the banking system demands, while keeping the cash rate close to the board’s target.
United States Dollar Index holds gains near 99.00 amid escalating geopolitical risks
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive day and trading around 99.00 during the Asian hours on Tuesday.
Silver Price Forecast: XAG/USD corrects below $68 in countdown to US PCE Inflation data
Silver price (XAG/USD) is down 1.6% to near $67.87 during the Asian trading session on Tuesday. The white metal is under pressure as investors turn cautious ahead of the United States (US) Personal Consumer Expenditure Price Index (PCE) data for July, which will be released on Wednesday.
British Pound holds range below mid-1.3600s as USD firms amid Fed risks and Iran tensions
The GBP/USD pair extends its sideways consolidative price move for the second straight day and trades around the 1.3630 area during the Asian session on Tuesday.
New Zealand Dollar gains as high inflation fuels odds of RBNZ September rate hikes
NZD/USD gains ground after registering modest losses in the previous day, trading around 0.5960 during the Asian hours on Tuesday.
Gold remains depressed below $4,650 on firmer USD, Fed risks, Middle East tensions
Gold (XAU/USD) remains on the back foot below $4,650 through the first half of the European session.
Japan’s Katayama: Will focus on key policies in FY27 budget to drive economic growth
Japan Finance Minister (FM) Satsuki Katayama said in the Asian trading session on Tuesday that the government aims to balance fiscal sustainability and economic growth and communicate with markets on this stance.
Australian Dollar remains steady following RBA Meeting Minutes
AUD/USD gains ground after registering modest losses in the previous day, trading around 0.7150 during the Asian hours on Tuesday.
WTI holds ground above $84.50 as escalating concerns over US sanctions on Iran
West Texas Intermediate (WTI) oil price appreciates after registering over 2% losses in the previous day, trading around $84.70 per barrel during the Asian hours on Tuesday.
RBA Minutes: Board ready to raise rates if upside risks materialise
Reserve Bank of Australia (RBA) published the Minutes of its July monetary policy meeting on Tuesday, with the key takeaways noted below.
Iran’s Economy Minister Madanizadeh: Enemies should wait for an attack
Iranian Economy Minister Ali Madanizadeh said on Tuesday, "We are fully prepared for the US sanctions."
Japanese Yen consolidates around 159.00 vs USD as bearish potential remains intact
The USD/JPY pair is seen oscillating in a narrow band just above the 159.00 mark during the Asian session on Tuesday, awaiting a fresh catalyst before the next leg of a directional move.