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Dollar support seen neyond Fed cut expectations - ING
With markets focused on a September Fed rate cut, attention is shifting to other factors that could lend support to the dollar.
USD/CNH: On the rebound - OCBC
USD/CNH rebounded again this morning after USD/CNY daily fix was set higher (at 7.1089 on Tue and 7.1072 on Monday vs. 7.1030 last Friday), snapping the 5-day streak of lower fixes. Pair was last at 7.1462, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD: Things look more exciting on the US side - Commerzbank
The euro area's inflation figures may not be very exciting, but the US is returning from an extended Labour Day weekend today to start a busy week, Commerzbank's FX analyst Michael Pfister notes.
USD: September seasonality in play? - ING
The dollar is drifting higher in quiet conditions. Weekend news about US tariffs being ruled illegal has not had much impact so far. US Treasury yields have been marked a couple of basis points higher, and US equity futures are slightly lower, ING's FX analyst Chris Turner notes.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data.
JPY: Should see demand from the US fiscal dominance story - ING
Fed independence will remain a huge theme for financial markets this year, ING's FX analyst Chris Turner notes.
Gold and Silver rally - ING
Silver climbed above $40 for the first time since 2011, while Gold is nearing April's record high of $3,500, ING's commodity experts Ewa Manthey and Warren Patterson note.
DXY: ISM Mfg today - OCBC
US Dollar (USD) a touch firmer this morning in quiet trade as US markets were closed for Labour Day holiday yesterday. DXY last at 98.35 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Silver Price Forecast: XAG/USD trades around $40.50 after breaking below 14-year highs
Silver price (XAG/USD) halts its five-day winning streak, trading around $40.30 per troy ounce during the European hours after retreating from $40.85, the highest since September 2011, reached on Tuesday.
ISM Manufacturing PMI expected to improve slightly in August, but remain in contraction
The Institute for Supply Management (ISM) is scheduled to release the August Manufacturing Purchasing Index this Tuesday. The index is a trusted measure of the health of the United States (US) manufacturing sector, closely followed by market players.
ECB's Simkus: No reason to adjust rates now
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Tuesday that there is "no reason to adjust rates now."
TTF Gas prices climb as Norwegian flows drop - ING
European natural Gas prices edged higher as Norwegian supply disruptions intensified, with extended maintenance at the Troll field cutting flows to Europe.
EUR/USD: Political risk premium misplaced - OCBC
Euro (EUR) slipped modestly but still traded near recent highs of 1.17 levels. Pair was last at 1.1650, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR: Much ado about CPI - ING
There seems to be quite a lot of focus on the August eurozone CPI release today. Consensus expects headline to tick up to 2.1% YoY and core to tick down to 2.2% YoY, ING's FX analyst Chris Turner notes.
Attention set to turn to OPEC+ - ING
ICE Brent edged higher yesterday, breaking back above $68/bbl and settling just shy of 1% higher on the day. Yet the upward move came amid thin volumes due to the Labour Day holiday in the US, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gold: Watch price action - OCBC
Prices of precious metals - Gold and silver pushed through recent highs on prospects of Fed cutting rates soon. Gold last seen at 3479 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/CAD Price Forecast: Challenges EMAs resistance in a bid to reach 1.3800
USD/CAD continues to gain ground for the second successive session, trading around 1.3780 during the European hours on Tuesday. The technical analysis of the daily chart suggests that the pair moves sideways within a rectangular pattern, suggesting a consolidation phase.
NZD/USD Price Forecast: Slumps to near 0.5850 as 20-day EMA remains key barrier
The NZD/USD pair is down 0.8% to near 0.5850 during the European trading session on Tuesday. The Kiwi pair tumbles as the US Dollar (USD) strengthens ahead of the opening of United States (US) markets after an extended weekend.
Pound Sterling weakens against US Dollar ahead of US Manufacturing PMI data
The Pound Sterling (GBP) declines to near 1.3480 against the US Dollar (USD) during the European trading session on Tuesday.
EUR/GBP rises toward 0.8700 ahead of Eurozone HICP data
EUR/GBP has recovered its recent losses from the previous session and is trading around 0.8680 during the Asian hours on Tuesday. The currency cross gains ground as the Euro (EUR) appreciates ahead of the release of preliminary Eurozone Harmonized Index of Consumer Prices (HICP) data for August.
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