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British Pound extends range play; holds above 1.3200 as bullish USD caps upside
The GBP/USD pair extends its consolidative move during the Asian session on Tuesday, trading above the 1.3200 mark and within a familiar range held over the past two weeks or so.
Australian Dollar holds steady amid soft consumer sentiment
AUD/USD remains steady after two days of gains, trading around 0.6970 during Asian hours on Tuesday. The currency pair is hovering in a tight range as the Australian Dollar (AUD) finds support despite local economic headwinds.
Canadian Dollar seems vulnerable near April 2025 lows amid weak oil prices, bullish USD
The USD/CAD pair attracts some dip-buyers during the Asian session on Tuesday, stalling the previous day's modest pullback from the vicinity of the 1.4300 mark, or its highest level since April 2025.
WTI falls to near $88.50 on G7 reserve release
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $88.60 during the early Asian trading hours on Tuesday. WTI faces some selling pressure as rising Middle East crude exports and a release of oil stocks by the Group of Seven nations boost supplies.
US President Donald Trump signs order to ease limits on diesel variety to curb costs
US President Donald Trump signed an executive order to ease restrictions on the use of a tax-exempt variety of diesel, Bloomberg reported on Monday.
Yemen's Houthis claim missile, drone strikes on multiple targets in Saudi Arabia
Yemen's Houthi group said on Monday that it carried out three military operations using ballistic and cruise missiles and drones against airports, an oil facility, and military sites across Saudi Arabia, Xinhua News Agency reported.
The Japanese Yen firms on a BoJ speech about AI and gives it all back
Bank of Japan (BoJ) Governor Ueda speaks on Tuesday at 06:35 GMT, and his first major remarks since the September 18 hike to 1.25% are the next test of October hike bets. Traders give a second hike on October 30 about a one-in-four chance.
Gold holds steady below $4,150 amid elevated US yields
Gold price (XAU/USD) trades on a flat note near $4,140 during the early Asian session on Tuesday. Pressure from a stronger US Dollar (USD) and elevated US Treasury yields was offset by reduced expectations of a Federal Reserve (Fed) rate hike this month.
Australian Dollar defies rising yields as AUD/USD closes in on 0.70
The Aussie Dollar registers back-to-back days of gains on Monday, even though US Treasury yields edged higher, underpinning the US Dollar, which appreciated against a basket of six currencies but not versus the Australian Dollar. The AUD/USD trades at 0.6972, up 0.37%.
The New Zealand Dollar holds near its lows while business confidence jumps
New Zealand's firms are more upbeat and raising fewer prices, and the second half of that matters more for the Kiwi. NZD/USD trades just above 0.5600 after a fresh low beneath it, back near its November 2025 low.
US Treasury yields scale multi-year highs as inflation fears return
US Treasury yields edged up at the beginning of the week, with the 30- and 10-year yields reaching multi-year highs as inflation expectations rose, as shown in a US Institute for Supply Management (ISM) survey indicating that business activity in the services sector slowed while input prices surged.
The Euro breaks to a fresh low, then bounces, as Spain calls a snap vote
Reports that Spain's government was preparing an early election pushed EUR/USD to its lowest since May 2025, and hedge-fund selling in Asia set off option barriers that deepened the fall, traders said. The pair has since recovered more than half of that drop and trades back above 1.1200.
The Pound flatlines as Treasury yields climb to another high
The odds of an October Fed hike have fallen from about two in three in late September to roughly one in five, and GBP/USD hasn't left the range it has traded in since September 24. Monday's range is entirely inside Friday's, and the pair trades just above 1.3200.