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Silver Price Forecast: XAG/USD corrects further to near $61 as oil prices attract bids
Silver price (XAG/USD) is down 1.35% to near $61.00 during the Asian trading session on Tuesday.
Indonesia Foreign Reserves rose from previous $144.9Â to $145.6 in June
Indonesia Foreign Reserves rose from previous $144.9Â to $145.6 in June
Japanese Yen strengthens amid looming intervention risks; lacks bullish conviction
The USD/JPY pair extends the previous day's late pullback from the vicinity of mid-162.00s and attracts some follow-through sellers during the Asian session on Tuesday.
WTI rises above $69.00 as Iran strikes commercial vessels in Hormuz
West Texas Intermediate (WTI) oil price gains ground after registering modest losses in the previous day, trading around $69.20 per barrel during the Asian hours on Tuesday. Crude oil prices receive a temporary boost following renewed geopolitical tensions in the Strait of Hormuz.
Japanâs Kiuchi: Tokyo is not easing fiscal discipline, presenting it clearly in the economic plan
Minoru Kiuchi, Minister of State for Economic and Fiscal Policy of Japan, said on Tuesday that âTokyo is not easing fiscal discipline, presenting it clearly in the economic plan.â
Iran strikes commercial ships in the Strait of Hormuz
Bloomberg carried a story by an Axios reporter late Monday, citing a US official, that Iran fired at least two missiles at commercial ships transiting through the Strait of Hormuz. Â
British Pound gains as easing Fed hike bets weigh on US Dollar
GBP/USD continues its winning streak for the ninth consecutive day, trading around 1.3390 during the Asian hours on Tuesday.
PBOC sets USD/CNY reference rate at 6.8054 vs. 6.8066 previous
The Peopleâs Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.8054 compared to the previous day's fix of 6.8066 and 6.7838 Reuters estimate.
Euro extends the range play above 1.1400 as Hormuz risks support USD
The EUR/USD pair extends its sideways consolidative price move during the Asian session on Tuesday, though it manages to hold comfortably above the 1.1400 mark. Moreover, spot prices remain well within striking distance of a nearly two-week high, touched last Thursday.
Australian Dollar declines as ANZâIndeed Job Ads drop in June
AUD/USD inches lower after two days of gains, trading around 0.6950 during the Asian hours on Tuesday. The Australian Dollar (AUD) faces downward pressure as weakening economic sentiment amid a cooling labor market signals that high borrowing costs are taking a toll.
Japan JP Foreign Reserves fell from previous $1305.9B to $1B in June
Japan JP Foreign Reserves fell from previous $1305.9B to $1B in June
Japan Overall Household Spending (YoY) registered at -0.3% above expectations (-2.5%) in May
Japan Overall Household Spending (YoY) registered at -0.3% above expectations (-2.5%) in May
Japan Labor Cash Earnings (YoY) came in at 3.2% below forecasts (3.4%) in May
Japan Labor Cash Earnings (YoY) came in at 3.2% below forecasts (3.4%) in May