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AUD/USD steadies above 0.6500 as traders eye Australia CPI, Fed decision
The Australian Dollar (AUD) stays under pressure for the fourth day in a row against the US Dollar (USD) on Tuesday, as the Greenback continues to gain strength.
Forex Today: The Fed is largely expected to stand pat
The US Dollar (USD) extended further its march north on Tuesday, reaching new multi-week highs on the back of rising scepticism surrounding the trade scenario, while investors geared up for the imminent interest rate decision by the Federal Reserve and, later in the week, the publication of the cruc
Canadian Dollar continues to slide ahead of Fed rate call
The Canadian Dollar (CAD) extended into a fourth straight day of losses against the US Dollar (USD) on Tuesday, continuing a Greenback-positive theme in the run-up to the latest interest rate call from the Federal Reserve (Fed).
GBP/USD slips to 10-week low as JOLTS miss offsets Fed caution
GBP/USD registers modest losses of over 0.10% on Tuesday after jobs data in the United States (US) showed signs of cooling, according to the Job Openings and Labor Turnover Survey (JOLTS). The Federal Reserve (Fed) has begun its two-day monetary policy meeting, which will end on July 30.
Euro extends losses as US-EU trade pact fuels US Dollar demand, Fed decision in focus
The Euro (EUR) edges lower for the second straight day against the US Dollar (USD) on Tuesday, as the Greenback extended its rally following the US-EU trade agreement, which has faced heavy criticism across Europe for being one-sided and heavily skewed in favor of the United States (US).
US CB Consumer Confidence Index rose to 97.2 in July
US consumer sentiment picked up extra pace in July, as the Conference Board's Consumer Confidence Index increased to 97.2 from a revised 95.2, adding to the previous recovery.
Lutnick: Deals are on the table for Trump to consider
US Commerce chief Howard Lutnick stated on Tuesday that President Trump is set to make his trade deal decisions this week, despite ongoing negotiations with China and the European Union, ahead of the August 1 deadline.
EUR/GBP weakens as US-EU trade deal backlash weighs on Euro sentiment
The Euro (EUR) continues to weaken against the British Pound (GBP) for a second consecutive day on Tuesday, dragged down by rising backlash to the US‑EU trade deal announced over the weekend.
US Dollar extends trade-driven rally as markets await key US economic data
The US Dollar (USD) is holding firm on Tuesday after posting its strongest single-day gain since May, rallying 1.0% on Monday. The rally came after the United States (US) and European Union (EU) announced a major trade deal framework on Sunday.
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.
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