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Australian Dollar holds ground ahead of RBA policy decision
AUD/USD regains ground after registering modest losses the previous day, trading around 0.7060 during Asian hours on Tuesday. The pair gains as the Australian Dollar (AUD) remains stronger ahead of the Reserve Bank of Australia's (RBA) interest rate decision later in the day.
Gold retreats further from two-month high, eyes $4,350 as Fed rate hike bets support USD
Gold (XAU/USD) extends its intraday retracement slide from the highest level since June 5 and drops to a fresh daily low, near the $4,350 area during the first half of the European session on Tuesday.
Silver Price Forecast: XAG/USD holds losses near $66.00 on Fed hike fears, oil surge
Silver price (XAG/USD) depreciates after two days of gains, trading around $66.00 per troy ounce during the Asian hours on Tuesday. The price of non-yielding Silver has taken a hit recently as rising oil prices spark renewed inflation fears and heighten expectations for interest rate hikes.
Australia National Australia Bank's Business Conditions climbed from previous 3 to 4 in July
Australia National Australia Bank's Business Conditions climbed from previous 3 to 4 in July
Australia National Australia Bank's Business Confidence fell from previous -5 to -6 in July
Australia National Australia Bank's Business Confidence fell from previous -5 to -6 in July
United States Dollar Index consolidates below 100.00 as bulls await US CPI amid Iran risks
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on the previous day's positive move and oscillates in a range during the Asian session on Tuesday.
PBOC sets USD/CNY reference rate at 6.7900 vs. 6.7884 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7900 compared to the previous day's fix of 6.7884 and 6.7497 Reuters estimate.
WTI hovers around $81.50 as US-Iran peace talks stall
West Texas Intermediate (WTI) oil price moves little after registering gains over 6.5% in the previous day, trading around $81.40 during the Asian hours on Tuesday.
RBA Governor discusses policy path after keeping interest rates steady
Reserve Bank of Australia (RBA) Governor Michele Bullock is speaking at the press conference, explaining the reasons behind leaving the benchmark interest rate unchanged at 4.35% after the August monetary policy meeting.Bullock is taking questions from the press as part of a new reporting format int
Intervention bought the Japanese Yen a price, not a buyer
The Yen has surrendered close to a full percent through the session, with the pair up 0.93% and changing hands just above 159.00 after a 120-pip range running from the 158.00 handle to short of 159.50.
The Australian Dollar rallies without an Australian reason
The Australian Dollar has traded a band of barely 20 pips through the session, holding above 0.7050 and easing 0.15% inside it. That is the tightest daily range the pair has produced in weeks, and it arrives at the end of a run of close to 200 pips from the late-June trough just above 0.6850.
British Pound Sterling borrows its rally from American payrolls
Cable has spent the session inside a band of barely 45 pips straddling 1.3500, up 0.13% and holding its best ground since mid-July.
United Kingdom BRC Like-For-Like Retail Sales (YoY) below expectations (1.5%) in July: Actual (1%)
United Kingdom BRC Like-For-Like Retail Sales (YoY) below expectations (1.5%) in July: Actual (1%)