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WTI remains above $69.00 due to growing supply concerns over the Russia-Ukraine conflict
West Texas Intermediate (WTI) Oil price extends its gains for the second successive session, trading around $69.20 per barrel during Asian hours on Tuesday.
NDRC: China has ample policy room, tools to support economic recovery
An official at the National Development and Reform Commission (NDRC), China's state planner, said on Tuesday that "China has ample policy room and tools to support economic recovery." The NDRC official said he "expects China's economy to sustain recovery momentum in November and December." Market reaction At the time of writing, AUD/USD is trading modestly flat on the day near 0.6505.
Japan's Kato: Closely watching FX moves with the utmost sense of urgency
Japan's Finance Minister Katsunobu Kato on Tuesday that he is "closely watching FX moves with the utmost sense of urgency." Additional quotes Important for currencies to move in a stable manner reflecting fundamentals.
USD/CAD posts modest gains above 1.4000, Canadian CPI data in focus
The USD/CAD pair trades in positive territory near 1.4020 on Tuesday during the Asian trading hours.
Japan's Akazawa: Crucial to boost pay for all generations with the economic package
Japan's Economy Minister Ryosei Akazawa noted on Tuesday that it is "crucial to boost pay for all generations with the economic package." He further noted that he is "aiming for cabinet approval of the economic package soon." Market reaction At the time of writing, USD/JPY is consolidating the latest leg down just above the 154.00 level, shedding 0.36% on the day.
Australian Dollar remains subdued following RBA meeting minutes
The Australian Dollar (AUD) remains under pressure following Tuesday's release of the Reserve Bank of Australia's (RBA) November meeting minutes.
Japanese Yen edges higher against USD; bulls seem non-committed
The Japanese Yen (JPY) ticks higher against its American counterpart during the Asian session on Tuesday, albeit it lacked bullish conviction in the wake of the uncertainty over the timing of another interest rate hike by the Bank of Japan (BoJ).
PBOC sets USD/CNY reference rate at 7.1911 vs. 7.1907 previous
The People's Bank of China set the onshore Yuan (CNY) reference rate for the trading session ahead on Tuesday at 7.1911 as compared to the previous day's fix of 7.1907 and 7.2305 Reuters estimate.
RBA minutes: Vigilant to upside inflation risks, policy must remain restrictive
The Reserve Bank of Australia (RBA) published the Minutes of its November monetary policy meeting on Tuesday, highlighting that the board remains vigilant to upside inflation risks and believes policy needs to remain restrictive.
ECB's Lagarde: Europe is falling behind in innovation and productivity compared to the US
European Central Bank (ECB) President Christine Lagarde said on Monday that Europe should pool its resources in areas like defense and climate as its productivity growth falters and the world fragments into rival blocs, per Bloomberg.
NZD/USD holds below 0.5900 on dovish RBNZ
The NZD/USD pair trades with mild losses around 0.5890 during the early Asian session on Tuesday.
EUR/USD digs in and extends rebound from 1.05
EUR/USD pared away further losses on Monday, rising nearly two-thirds of a percent as markets ease off the Greenback gas pedal and give the Euro a chance to come up for air.
AUD/USD flat lines above 0.6500 ahead of RBA Meeting Minutes
The AUD/USD pair trades flat near 0.6505 amid the consolidation of the US Dollar (USD) during the early Asian session on Tuesday.
GBP/USD snaps losing streak ahead of UK CPI inflation
GBP/USD climbed 0.5% on Monday, kicking off the fresh trading week with a bullish recovery that ended a six-day losing streak and paring back recent losses to send price action back toward the 1.2700 handle.
Silver Price Forecast: XAG/USD rallies over 3%, reclaims $31.00
Silver prices soar late in the New York session, trading with gains of over 3% at around $31.16 after bouncing off daily lows of $30.24.
Gold surges above $2,600 amid soft USD, escalating geopolitical tensions
Gold price rallied over 1.80% at the beginning of the week and climbed above $2,600 after falling to a two-month low of $2,536.
Canadian Dollar snaps six-day losing streak on Monday
The Canadian Dollar (CAD) tiled into the bullish side for the first time in over a week on Monday, kicking off the trading week's chart action with a meager bullish recovery against the Greenback.
Forex Today: The RBA Minutes and inflation in the euro area come to the fore
The US Dollar retreated further and tested three-day lows as the Trump rally seems to have lost some enthusiasm among market participants, although this carries the potential to be only temporary and may open the door to another "buy the dip" move.
Mexican Peso strengthens at start of week on weak US Dollar
The Mexican Peso appreciated against the US Dollar at the beginning of the week, gaining 0.39% during the North American session.
Dow Jones Industrial Average holds near familiar levels on tepid Monday
The Dow Jones Industrial Average (DJIA) held steady on Monday, testing into new weekly lows but overall keeping a tight grip on the 43,450 region.
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