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AUD/JPY extends winning streak toward 93.00 as risk sentiment dents Yen appeal
The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY), extending modest gains for the third consecutive day. At the time of writing, the AUD/JPY cross is pushing higher to trade near 93.00 during the late American sessions on Tuesday, up nearly 1% on the day.
EUR/USD slips below 1.1400 amid strong US data and soft French inflation
The EUR/USD pair retreats below 1.1400 for the second consecutive day, driven by a recovery in the US Dollar (USD) following an upbeat Consumer Confidence report. Additionally, soft inflation data in France undermined the shared currency, which trades on Tuesday at 1.1335, down over 0.40%.
Forex Today: Investors shift their attention to the FOMC Minutes
The US Dollar (USD) regained composure and managed to leave behind two daily retracements in a row on turnaround Tuesday, as US investors returned to their desks following Monday's Memorial Day holiday.
Canadian Dollar snaps six-day win streak as markets pare Loonie bets
The Canadian Dollar (CAD) lost ground against the US Dollar (USD) on Tuesday, snapping a six-session winning streak for the Loonie and pushing USD/CAD back above 1.3750 as trade headlines dominate the market cycle.
AUD/USD retreats ahead of Australia's CPI release, US FOMC Minutes
The Australian Dollar (AUD) is facing renewed pressure against the US Dollar (USD) on Tuesday as the Greenback rebounds across the board following mixed US economic data and a resurgence in market liquidity.
US Dollar Index rebounds toward 99.50 as trade tensions ease, but bearish pressure lingers
The US Dollar Index (DXY), which tracks the value of the US Dollar (USD), is pushing upward as market participants respond to fading trade tensions. Markets are drawing fresh optimism from President Trump's decision to delay the implementation of 50% tariffs on EU imports.
Dow Jones Industrial Average rises following tariff walkbacks
The Dow Jones climbed alongside other major equities on Tuesday, with investor sentiment snapping back after last week's declines.
ECB's Nagel remains cautious on next rate move
Bundesbank President Joachim Nagel struck a measured tone on the path ahead for interest rates, saying it remains too soon to decide on a further cut next month.
ECB's Lane: We are in a zone of normal central banking
Philip Lane, the chief economist of the European Central Bank, indicated that although the majority of factors suggested a continued decline in euro area inflation, there were also concerns, such as the possibility of unsuccessful EU-US trade negotiations, that could lead to an increase in inflation
NZD/USD slips below 0.5950 as markets await RBNZ rate decision, Fed minutes
The New Zealand Dollar (NZD) is losing ground against the US Dollar (USD) on Tuesday, slipping back after a failed attempt to break above the key 0.6000 level.
Gold price plunges almost 2% on risk rally spurred by tariff delay
Gold prices posted losses of nearly 2%, falling below the $3,300 figure, as market participants cheered US President Donald Trump's decision to delay tariffs on European Union goods.
GBP/USD eases from three-year high as US Dollar steadies on trade hopes
The British Pound (GBP) edges lower against the US Dollar, retreating from a three-year high, with the GBP/USD pair trading around 1.3510 during the American session on Tuesday.
USD/INR edges higher as Rupee weakens on month-end Dollar demand, RBI rate cut bets
The Indian Rupee (INR) depreciates against the US Dollar (USD) on Tuesday amid month-end Dollar demand from importers and a steady Greenback.
US CB Consumer Confidence Index rose to 98.0 in May
- US CB Consumer Confidence Index rebounds in May.
AUD/USD slumps to near 0.6450 as progress in US-EU trade talks lifts US Dollar
The AUD/USD pair extends correction to near 0.6450 during North American trading hours on Tuesday from its six-month high of 0.6537 posted the previous day.
Fed's Barkin flags economic caution as inflation and fiscal strain linger
Richmond Fed President Thomas Barkin highlighted persistent uncertainty in the US economy, pointing to muted business activity, fiscal drag, and inflation expectations weighing on sentiment. While consumer spending remains resilient for now, policymakers are closely watching the evolving data.
US Pres. Trump: EU has called to quickly establish meeting dates
"I was extremely satisfied with the 50% tariff allotment on the European Union, especially since they were slow walking (to put it mildly!), our negotiations with them," United States (US) President Donald Trump said in a post published on Truth Social on Tuesday.
Gold Price Forecast: XAU/USD clings to Moving Average support below $3,300
Gold continues to trade within a narrowing consolidation range on Tuesday, following a record-setting rally earlier this year. After reaching an all-time high in April, the market has shifted into a holding pattern characterized by a descending wedge formation, reflecting a tightening momentum.
Silver Price Forecast: XAG/USD plummets below $33.00 as US-EU trade worries fade
Silver price (XAG/USD) dives almost 2% to near $32.80 during North American trading hours on Tuesday.
US Durable Goods Orders decline by 6.3% in April vs. -7.9% expected
Durable Goods Orders in the United States (US) declined by 6.3%, or $19.9 billion, in April to $296.3 billion, the US Census Bureau reported on Tuesday.
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