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AUD/USD grapples with Greenback resurgence
AUD/USD briefly toyed with a seven-week high north of 0.6600 before settling back and paring intraday gains. Tuesday saw another sharp downside revision in US jobs data, reigniting market-wide glee for Federal Reserve (Fed) interest rate cuts.
USD/CHF Price Forecast: Steadies near 0.7970 as payroll revision sparks Fed cut bets
The USD/CHF stopped its fall on Tuesday, rose over 0.51% following a worse than expected Nonfarm Payrolls benchmark revision, which revealed that the labor market is cooling faster than expected.
EUR/USD falls to 1.1705 as US Dollar rebounds despite Fed cut bets
EUR/USD retreated over 0.48% on Tuesday, even though data from the United States (US) seems to confirm that the Federal Reserve (Fed) might reduce interest rates at next week's meeting.
Gold hits $3,674 record before US Dollar rebound caps rally
Gold price advanced for the third consecutive day and reached a new record high of $3,674, before retreating somewhat as a jump in US Treasury yields boosted appetite for the Greenback.
Silver Price Forecast: XAG/USD consolidates below $41.50 with bearish RSI divergence
Silver (XAG/USD) trades under pressure on Tuesday, retreating from recent highs as a modest rebound in the US Dollar (USD) and Treasury yields weighs on the metal. At the time of writing, spot prices are trading near $40.85, down over 1% on the day.
Canadian Dollar sinks after NFP revisions drive US Dollar higher
The Canadian Dollar (CAD) backslid on Tuesday, driven lower by a general improvement in US Dollar (USD) flows. The Loonie is down over one-quarter of one percent against the Greenback, with the US Dollar Index (DXY) climbing nearly 0.3% on the day for comparison.
Forex Today: Inflation comes to the fore with US PPI and China's CPI
The US Dollar (USD) managed to leave behind a drop to multi-week lows and regain some upside traction on Tuesday, while market participants assessed the NFP Annual Revision amid speculation of a larger rate cut by the Federal Reserve at its meeting next week.
Dow Jones Industrial Average froths as employment revisions support Fed rate cuts
The Dow Jones Industrial Average (DJIA) briefly tested the high side on Tuesday, bolstered by sharp downward revisions in US job hiring over the past 18 months.
USD/JPY reverses from four-week low as US jobs revision lifts Greenback
The Japanese Yen (JPY) trims gains against the US Dollar (USD) on Tuesday, with USD/JPY climbing back above the 147.00 psychological mark after briefly hitting its lowest level since August 14, around 146.31.
GBP/USD slips as weak US payroll revision keeps Fed cut bets intact
The GBP/USD retreats during the North American session after the latest Nonfarm Payrolls revision, was worse than expected, according to Bloomberg estimates. At the time of writing, the pair trades at 1.3542 after hitting a daily high of 1.3590, down 0.01%.
EUR/USD retreats from six-week highs as Greenback steadies after US NFP revision
The Euro (EUR) edges lower against the US Dollar (USD) on Tuesday, with EUR/USD snapping a two-day winning streak as the Greenback found renewed demand in the wake of the US Nonfarm Payrolls (NFP) benchmark revision.
France FX Today: The Euro in turbulent territory amid growing political uncertainty
The Euro (EUR) trades in a climate of growing nervousness on the markets on Monday, with the EUR/USD pair close to 1.1750, down a slight 0.15% on the session.
Breaking: Gold hits new record-high on reports of Israel attacking Hamas officials in Qatar
Gold gathers bullish momentum and trades at a new record-high above $3,660 on Tuesday. At the time of press, XAU/USD was up 0.85% on the day at $3,666.
USD/CHF steadies as traders await NFP revisions
The Swiss Franc (CHF) softens slightly against the US Dollar (USD) on Tuesday, with the USD/CHF pair stabilizing after a two-day decline, as the Greenback attempts to recover from seven-week lows.
China FX Today: The Yuan in suspense as CPI data tests Beijing's strategy against deflation
The Chinese offshore currency (CNH) is trading in relative stability on Tuesday, with the USD/CNH exchange rate at 7.1134, down less than 0.1% on the session, as markets turn their focus towards China's inflation figures for August, which will be published early on Wednesday (01:30 GMT).
GBP/JPY retreats from 14-month high as BoJ hike bets rise
GBP/JPY is trading lower on Tuesday, extending its pullback from Monday's 14-month high near 200.35, as investors reassess the monetary policy outlook on both sides of the cross.
Gold consolidates near $3,650 ahead of US NFP benchmark revision
Gold (XAU/USD) extends its record-breaking rally on Tuesday to a fresh all-time high near $3,660, marking the third straight day of gains and pushing into uncharted territory. At the time of writing, XAU/USD is trading around $3,650, up nearly 0.50% on the day.
China imports large quantities of Copper ore in August - Commerzbank
The price of Copper fell below the $10,000 per ton mark again on Friday following the release of US labor market data, Commerzbank's commodity analyst Barbara Lambrecht notes.
USD/JPY: Markets digest report of BoJ's undeterred hawkishness - Scotiabank
The Japanese Yen (JPY) is strong, up 0.7% against the US Dollar (USD) and outperforming all of the G10 currencies as we head into Tuesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
China's Gas imports climb to 11-month high - Commerzbank
Gas imports also rose sharply in August, climbing 11.5% month-on-month to almost 12 million tons, Commerzbank's commodity analyst Carsten Fritsch notes.
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