Australian Dollar climbs above 0.7000 as US-Iran diplomatic hopes weigh on the US Dollar
AUD/USD advances on Tuesday, trading around 0.7010, up 0.43% on the day at the time of writing.
Currencies
Euro gives back early gains as US Dollar bounces back
The Euro (EUR) surrenders its early gains against the US Dollar (USD) and flattens at around 1.1213 during the European trading session on Tuesday. The major currency pair falls back as the US Dollar rebounds strongly d…
US Dollar Stability Hides a More Uneven FX Market Driven by Europe and Credit Risk
The international environment remains volatile, and the euro area – an open economy that is well integrated into global supply chains and international financial markets – could face strains ahead. While the acute risk …
Gold rebounds as Oil reverses sharply on positive US-Iran headlines
Gold (XAU/USD) reverses earlier losses on Tuesday as positive Middle East headlines trigger a sharp pullback in Oil prices, weighing on the US Dollar (USD) and US Treasury yields. At the time of writing, XAU/USD trades …
WTI posts fresh monthly high near $100.50 as Iran continues attacks on oil tankers
West Texas Intermediate (WTI), futures on NYMEX, trades 2.5% higher to near $100.50, the highest level seen in over a month. The oil price is little far from revisiting its almost five-month high of $102.11.
Canadian Dollar hits fresh monthly highs amid high Oil prices and a softer US Dollar
The Canadian Dollar (CAD) extends gains for the fourth consecutive day on Tuesday as Oil prices rally to their highest level since May and the US Dollar (USD) struggles amid dwindling hopes of immediate Federal Reserve …
4.7%: United Kingdom Unemployment Rate falls in its three months to August
The United Kingdom’s (UK) ILO Unemployment Rate fell to 4.7% in the three months to August after reporting 4.9% in the previous reading, data published by the Office for National Statistics (ONS) showed on Tuesday. The …
Brazilian Real: Election-driven gains and risks – Commerzbank
Commerzbank’s Norman Liebke notes that the Brazilian Real strengthened after Flavio Bolsonaro’s lead in the first election round, with USD/BRL dropping from 5.2 to 5.0. The bank expects further short-term Real appreciat…
Dow Jones futures rise as markets bet on Fed rate hold, tech recovery
Dow Jones futures gain by 0.38% to trade near 52,380 during European hours on Tuesday. S&P 500 futures surge 0.13% to trade around 7,740, while Nasdaq 100 futures lose by 0.12% to near 29,690.
GBP/USD Price Forecast: Reflects strength above 20-day EMA ahead of UK job data
The British Pound (GBP) is up 0.22% higher at around 1.3333 against the US Dollar (USD) during the Asian session on Tuesday. The GBP/USD pair trades higher ahead of the United Kingdom (UK) labor market data for three mo…
Swiss Franc gains as US Dollar weakens on Fed rate pause bets
USD/CHF depreciates after posting modest gains the previous day, trading around 0.8250 during Asian hours on Tuesday. The pair loses ground as the US Dollar (USD) weakens under growing market expectations that the Feder…
Gold braces for volatility amid recovery in bond yields, higher oil prices
Gold price (XAU/USD) declines to near $4,120 in the early European trade on Tuesday . The precious metal faces selling pressure amid a recovery in yields on United States (US) bonds and rising oil prices.
Australian Dollar holds onto gains against US Dollar, PBoC leaves rates steady
The Australian Dollar (AUD) holds onto two-day gains at around 0.6985 against the US Dollar (USD) during the early European trade on Tuesday. The Aussie pair reflects strength as the US Dollar remains under pressure due…
Asian currencies firm as dollar retreats; yuan hits four-year high
If the Indian rupee could talk, it might well beg for a holiday. The once-proud currency that fetched roughly ₹4 per US dollar at independence now needs nearly ₹90 for the same dollar. In 2025, the rupee has sunk to his…
Trump administration has not approved transfer of interceptor missiles to Ukraine
The US President Donald Trump administration has not approved the transfer of interceptor missiles to Ukraine, the Washington Post reported on Monday.
Indonesian Rupiah: MSCI risks reinforce upside bias – MUFG
MUFG’s Lloyd Chan highlights that the Dollar has softened after comments from Fed Chair Warsh reduced expectations of another rate hike, but still-high global yields keep the backdrop challenging for Asia FX. Indonesia’…
Iran’s IRGC warns blockade could extend to the Bab al-Mandeb Strait and the Suez Canal
Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Monday that Tehran has not yet completely closed the Strait of Hormuz and can expand the scope of the blockade to the Bab al-Mandeb Strait and the Suez Canal, Tehr…
Indonesian Rupiah: MSCI shock keeps Rupiah pressured – OCBC
OCBC remains cautiously negative on the Indonesian Rupiah (IDR) after MSCI proposed reclassifying Indonesia from emerging market to standalone status, triggering sharp equity outflows and USD/IDR gains. The bank expects…
Gold sags near $4,150 as Oil fuels US yields rebound
Gold (XAU/USD) falls about 0.54% on Monday as the Greenback drifts higher and market mood shifts to neutral amid tensions in the Middle East, sparking a risein Oil prices, with West Texas Intermediate (WTI) bouncing off…
Gold tumbles below $4,150 amid elevated US Treasury yields
Gold price (XAU/USD) falls to around $4,135 during the early Asian session on Tuesday. The precious metal extends its downside as US bond yields stayed elevated despite falling energy prices. Traders continue to assess …
Dollar gains as French turmoil due to violent protests drags down the euro
On July 30, Japan’s finance ministry reportedly sold as much as $59 billion to buy the Japanese currency, then at 40-year-lows. Tokyo and Washington later confirmed they had acted together to bolster a weak yen. It was …
Singapore Dollar: Upside bias capped by 1.2780 against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/SGD slipped on Friday but downside momentum remains only tentative. In the very near term, the pair is expected to stay confined betwee…
Silver Price Forecast: Weak rebound leaves $55.00 exposed
Silver (XAG/USD) drifts higher during Monday’s North American session, up 0.38% to $57.21, yet it remains near last week's low of $55.38, suggesting the white metal could be poised for a near-term bearish continuation.
Forex Today: UK jobs data in the limelight
The US Dollar (USD) has managed to regain some composure, leaving behind two daily drops in a row helped by rising US Treasury yields and reignited social/political concerns in France.