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USD/CAD weakens as soft Canada CPI cements BoC rate cut bets
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Tuesday, with USD/CAD extending losses for the second straight day and dropping to its lowest level since September 1.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
US Industrial Production expands 0.1% in August vs. -0.1% expected
Industrial Production in the United States expanded by 0.1% on a monthly basis in August, the Federal Reserve (Fed) reported on Tuesday. This reading followed the 0.4% contraction recorded in July and came in better than the market expectation for a decrease of 0.1%.
Indonesia FX Today: The Rupiah awaits confirmation of Bank Indonesia's cautious approach
The Indonesian Rupiah (IDR) is trading cautiously against the US dollar (USD) on Tuesday, with the USD/IDR pair up 0.2% on the day at around 16,400.
WTI Price Forecast: Oil steadies near $63.50 with bullish bias
West Texas Intermediate (WTI) Crude Oil continues its recovery on Tuesday, marking a third consecutive daily gain as supply risks stemming from fresh attacks on Russian refineries keep the risk premium intact. At the time of writing, WTI is trading around $63.68, up nearly 1.0% on the day.
EUR is outperforming on ZEW surprise - Scotiabank
The Euro (EUR) is strong, up 0.4% against the US Dollar (USD) and outperforming all of the G10 currencies on the back of a better than expected ZEW investor sentiment survey.
USD soft and trading broadly lower vs. most G10 - Scotiabank
The US Dollar (USD) is once again trading defensively and extending Monday's decline, weakening broadly against nearly all of the G10 currencies with the exception of AUD and NZD (trading flat), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
CAD up marginally into CPI - Scotiabank
The Canadian Dollar (CAD) is entering Tuesday's NA session with a modest gain as it seeks to extend Monday's rally, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
US Dollar Index (DXY) dives below 97.00 as investors brace for the Fed
The US Dollar is extending losses on Tuesday, trading about 1.20% lower from last week's highs as investors position for a "dovish cut" by the Fed on Wednesday.
AUD/USD holds onto gains near 0.6670 as US Dollar declines further
The AUD/USD trades firmly near its Monday's high around 0.6670 during the European trading session on Tuesday.
Gold approaches $3,700 as weak US Dollar, Fed rate cut bets drive rally
Gold (XAU/USD) extends its record-breaking rally on Tuesday, trading just shy of the $3,700 psychological level.
GBP/USD edges higher on USD weakness - BBH
Pound Sterling (GBP) gained modestly against the dollar but underperformed the euro as stagnant productivity, soft labor demand, and sticky wage growth underscore the UK's stagflation risk, BBH FX analysts report.
Only slim chances for tougher US sanctions against Russia - Commerzbank
In order to reduce these permanently, the most important buyers of Russian Oil would have to be deterred from making further purchases, Commerzbank's commodity analyst Carsten Fritsch notes.
USD/CNH: Any decline is likely to be slow - UOB Group
Room for US Dollar (USD) to drop below 7.1100; any decline is likely to be slow, and 7.1000 may not come into view so soon, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
FOMC poised for dovish cut as labor market weakens - BBH
Markets expect the FOMC to deliver a dovish cut because the US labor market is worsening. That can drag US Dollar (USD) lower and support risk assets, BBH FX analysts report.
Silver price hits new 14-year high - Commerzbank
The price of Silver is also soaring. This morning, it reached a new 14-year high of nearly $42.8 per troy ounce, Commerzbank's commodity analyst Carsten Fritsch notes.
NZD/USD might break above 0.5990 - UOB Group
Firmer underlying tone is likely to lead to New Zealand Dollar (NZD) trading in a higher range of 0.5955/0.5980. In the longer run, NZD could break above 0.5990; the scope for further advance may be limited, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
US NatGas rallies above $3 on late-season heat - ING
US natural Gas prices climbed with Henry Hub settling above $3/MMBtu, as forecasts for late-season heat boosted cooling demand. The hotter outlook is expected to slow stockpile builds that typically accelerate this time of year, ING's commodity experts Ewa Manthey and Warren Patterson note.
GBP: Jobs data won't dent hawkish BoE - ING
We've just seen the release of UK jobs data for August. Unlike in the US, where the 'solid' labour market crumbled this summer, payrolled job losses were only a modest 8k in August.
ECB's Scicluna: There is no cut already in a box and waiting to be unpacked
European Central Bank (ECB) policymaker and Central Bank of Malta Governor Edward Scicluna said on Tuesday, "there is no cut already in a box and waiting to be unpacked."
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