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NZD/USD holds positive ground above 0.5950 as China's Q2 GDP grows 5.2%
The NZD/USD pair remains firm near 0.5980 during the Asian trading hours on Tuesday. The New Zealand Dollar (NZD) edges slightly higher against the US Dollar (USD) after the release of Chinese economic data.
Japanese Yen hangs near multi-week low against USD; seems vulnerable to slide further
The Japanese Yen (JPY) struggles near a three-week low against its American counterpart during the Asian session on Tuesday and seems vulnerable to prolonging a two-week-old downtrend.
Australian Dollar inches higher as China's GDP rises in second quarter
The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Tuesday, following China's economic data.
China's economy expands 5.2% YoY in Q2 2025 vs. 5.1% expected
China's economy expanded at an annual rate of 5.2% in the second quarter (Q2) of 2025, compared to a 5.4% growth in the first quarter, the official data published by the National Bureau of Statistics (NBS) showed on Tuesday. Data beat the market forecast of 5.1% in the reported period.
EU threatens retaliatory tariffs for US goods after Trump's surprise 30% tariffs - WSJ
The European Union (EU) is preparing tariffs on US goods, including aircraft, alcohol, coffee, and medical devices worth 72 billion euros ($84 billion) in case no trade deal is reached by August 1, per the Wall Street Journal.
Gold Price Forecast: XAU/USD gains momentum to near $3,350 ahead of US CPI release
The Gold price (XAU/USD) gains ground to near $3,350 during the early Asian session on Tuesday. The precious metal edges higher amid safe-haven demand after US President Donald Trump threatened 100% Russia tariffs.
PBOC sets USD/CNY reference rate at 7.1498 vs. 7.1491 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1498 as compared to the previous day's fix of 7.1491 and 7.1758 Reuters estimate.
US President Donald Trump threatens 100% Russia Tariffs - Bloomberg
US President Donald Trump late Monday threatened to impose 100% tariffs" on Russia if President Vladimir Putin does not agree to a deal to end his invasion of Ukraine in 50 days, per Bloomberg. Trump added that the levies would come in the form of "secondary tariffs," without providing details.
Japan 10-year Government Bond Yields climb to peak since 2008
Japan 10-year Government Bond Yields (JGB) climbed to near 1.59%, the highest since 2008, in Tuesday's early Asian session. Traders brace for a potential power shift in upper house elections this weekend that could accelerate fiscal spending and drive super-long bond yields higher.
USD/CAD flat lines near 1.3700, US/Canadian CPI inflation data in focus
The USD/CAD pair holds steady around 1.3705 during the early Asian session on Tuesday. Traders largely shrugged off fresh tariffs ahead of Consumer Price Index (CPI) inflation data from the United States (US) and Canada on Tuesday.
GBP/USD extends declines to kick off the new trading week
GBP/USD sank further on Monday, closing lower for a seventh consecutive market session and slipping back below the 50-day Exponential Moving Average (EMA) for the first time since mid-April.
Japan and EU to issue joint statement on economic partnership
Japan and the European Union (EU) plan to issue a joint statement aimed at deepening their economic partnership, with a particular focus on trade, advanced technology, and greater supply chain coordination, per Japanese media Yomiuri.
WTI drifts higher to near $66.00 as Trump threatens Russia with new sanctions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.90 during the early Asian trading hours on Tuesday. The WTI price edges higher amid concerns over the United States' sanctions on Russia that may affect global supplies.
Silver Price Forecast: XAG/USD drops from multi-year highs above $39.00
Silver price forms a 'shooting star' candle chart pattern amid a day in which precious metals were pressured as traders priced in initial risk-off sentiment.
EUR/USD slips below 1.1700 as Trump's tariff barrage fuels USD demand
The EUR/USD remains pressured during the North American session, below the 1.1700 figure as the Dollar got boosted by Trump unveiling new tariff letters on two of its largest trade partners, increasing appetite for haven assets. At the time of writing, the pair trades at 1.1667, down 0.15%.
AUD/JPY retreats as a Harami candle signals bulls may be running out of steam
The Australian Dollar (AUD) is weakening against the Japanese Yen (JPY) on Monday, as the steep bullish rally pertaining to the AUD/JPY pair shows clear signs of slowing.
Forex Today: Attention shifts to US inflation data
The FX galaxy remained cautious ahead of the release of the key US inflation readings on Tuesday, although the Greenback managed to outperform its main competitors on the back of persistent trade concerns and the widespread offered bias in the risk-linked space.
BoE's Bailey warns G20 that global risks have "crystallised"
Bank of England (BoE) Governor Andrew Bailey warned finance ministers of the G20 group of countries that despite overall sturdy global market conditions, downside economic and political risks have likewise hardened recently.
Gold slips despite trade war escalation as Trump is open to talks
Gold price slides some 0.19% on Monday as the trade war escalates despite ongoing meetings with several fronts between the White House and trade partners, which now include the European Union (EU) and Mexico. At the time of writing, the XAU/USD trades at $3,347.
AUD/USD declines as Trump escalates trade threats on Russia
The Australian Dollar (AUD) weakens against the US Dollar (USD) on Monday, pressured by renewed safe-haven flows into the Greenback following US President Donald Trump's latest tariff threats.
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