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JPY quiet at range low ahead of BoJ later in week - Scotiabank
The Japanese Yen (JPY) is entering Tuesday's NA session unchanged against the US Dollar (USD) as it consolidates its recent decline to the lower end of its multi-month range, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
GBP flat and also attempting stabilization - Scotiabank
The Pound Sterling (GBP) is entering Tuesday's NA session unchanged against the US Dollar (USD) as it also seeks to attempt stabilization following a recent pullback, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
EUR steady following Monday's drop - Scotiabank
The Euro (EUR) is attempting stabilization in the mid/-upper 1.15s as it seeks to consolidate Monday's sizeable 1.3% decline against the US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
CAD retains a soft undertone - Scotiabank
The Canadian Dollar (CAD) is little changed on the session but retains a soft undertone after spending most of the week so far on the back foot against the US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
USD/JPY: 149.20 is unlikely to come under threat - UOB Group
US Dollar (USD) could advance further against Japanese Yen (JPY); the major resistance at 149.20 is unlikely to come under threat. In the longer run, price action indicates that USD could rise toward 149.20, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD advance shows signs of stalling - Scotiabank
The US Dollar (USD) has seen a solid advance so far this week as trade deals, or at least their outlines, are reached and US/China trade talks resume.
USD/CAD jumps to near 1.3750, investors await Fed's and BoC's monetary policy outcome
The USD/CAD pair extends its winning streak for the fourth trading day on Tuesday, rising to near 1.3755.
Gold is slipping - Commerzbank
The price of Gold has slipped further in light of the preliminary resolution of the trade dispute between the EU and the US, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen reports.
NZD/USD might not be able to reach 0.5940 - UOB Group
New Zealand Dollar (NZD) could decline further against US Dollar (USD), but it might not be able to reach 0.5940. In the longer run, upward momentum has faded; tentative increase in downward momentum may lead to NZD declining to 0.5940, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY pulls back from 148.75 highs with Fed and BoJ in the spotlight
The US Dollar is struggling to extend gains after a three-day rally against the Japanese Yen. The pair has been capped at 140.75 on Tuesday, a few pips short of the multi-month highs, at 149.15, as investors turn their view to the BoJ and the Fed monetary policy decisions, due on Wednesday.
AUD/USD: Likely to test 0.6500 - UOB Group
There is room for Australian Dollar (AUD) to test 0.6500 against US Dollar (USD); a sustained decline below this level is unlikely.
GBP/USD: Any further decline is unlikely to reach 1.3300 - UOB Group
Conditions are deeply oversold, but there is no clear sign that Pound Sterling (GBP) weakness has stabilised against US Dollar (USD); any further decline is unlikely to reach 1.3300.
Gold Price Forecast: XAU/USD struggles around $3,300, on verge of triangle breakdown
Gold price (XAU/USD) struggles to gain ground after a four-day sell-off near the round level of $3,300 during the European trading session on Tuesday.
EUR/USD: Chance for EUR to test the 1.1540/1.1555 support zone before stabilisation - UOB Group
Outsized drop appears excessive, but there is a chance for EUR to test the 1.1540/1.1555 support zone before stabilisation can be expected.
AUD/USD bounces up from 0.6500 lows as the US Dollar rally loses steam
The AUD/USD has found some support at the 0.6500 area, but it remains limited below 0.6530, practically flat on the day.
TRY: Lira reacts modestly to positive rating assessments - Commerzbank
Turkey's economic policy credibility received a modest boost last week as both Moody's and Fitch offered more positive assessments of macroeconomic policies.
USD: Exploring the correction - Commerzbank
The Dollar Index (DXY ) had its best day since early May yesterday. Heavily weighted on the euro, the DXY rally was driven by the euro sell-off, although we did see the dollar rally against most other currencies too.
FX markets contemplate US-EU trade deal - Commerzbank
The trade deal between the US and the EU, announced on Sunday evening, was a major talking point in the markets yesterday, Commerzbank's FX analyst Michael Pfister notes.
Japan's Akazawa: Trade deal with US guarantees lowest tariff rates for chips, pharma
Japanese Economy Minister and top trade negotiator Ryosei Akazawa said on Tuesday, "my understanding is that if a third country reaches an agreement with the United States (US) on lower sectoral tariffs such as chips and pharmaceuticals, the same rate would apply to Japan."
US Treasury quarterly refunding - OCBC
First part of US Treasury quarter refunding plan has been released, OCBC's FX analysts Frances Cheung and Christopher Wong note.
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