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AUD/USD: Likely to test 0.6500 - UOB Group

There is room for Australian Dollar (AUD) to test 0.6500 against US Dollar (USD); a sustained decline below this level is unlikely.

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OPEC+ committee emphasizes importance of adhering to agreed production levels - Commerzbank

The Joint Ministerial Monitoring Committee (JMMC) of OPEC+ held its regular bimonthly meeting virtually yesterday, Commerzbank's commodity analyst Carsten Fritsch notes.

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GBP/USD: Any further decline is unlikely to reach 1.3300 - UOB Group

Conditions are deeply oversold, but there is no clear sign that Pound Sterling (GBP) weakness has stabilised against US Dollar (USD); any further decline is unlikely to reach 1.3300.

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US wants to allow limited Oil production in Venezuela again - Commerzbank

The US government is apparently considering allowing US Oil companies to resume limited operations in Venezuela. This was reported by five sources familiar with the matter, Commerzbank's commodity analyst Carsten Fritsch notes.

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Gold Price Forecast: XAU/USD struggles around $3,300, on verge of triangle breakdown

Gold price (XAU/USD) struggles to gain ground after a four-day sell-off near the round level of $3,300 during the European trading session on Tuesday.

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EUR/USD: Chance for EUR to test the 1.1540/1.1555 support zone before stabilisation - UOB Group

Outsized drop appears excessive, but there is a chance for EUR to test the 1.1540/1.1555 support zone before stabilisation can be expected.

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AUD/USD bounces up from 0.6500 lows as the US Dollar rally loses steam

The AUD/USD has found some support at the 0.6500 area, but it remains limited below 0.6530, practically flat on the day.

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TRY: Lira reacts modestly to positive rating assessments - Commerzbank

Turkey's economic policy credibility received a modest boost last week as both Moody's and Fitch offered more positive assessments of macroeconomic policies.

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USD: Exploring the correction - Commerzbank

The Dollar Index (DXY ) had its best day since early May yesterday. Heavily weighted on the euro, the DXY rally was driven by the euro sell-off, although we did see the dollar rally against most other currencies too.

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FX markets contemplate US-EU trade deal - Commerzbank

The trade deal between the US and the EU, announced on Sunday evening, was a major talking point in the markets yesterday, Commerzbank's FX analyst Michael Pfister notes.

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Japan's Akazawa: Trade deal with US guarantees lowest tariff rates for chips, pharma

Japanese Economy Minister and top trade negotiator Ryosei Akazawa said on Tuesday,  "my understanding is that if a third country reaches an agreement with the United States (US) on lower sectoral tariffs such as chips and pharmaceuticals, the same rate would apply to Japan."

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US Treasury quarterly refunding - OCBC

First part of US Treasury quarter refunding plan has been released, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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Silver price today: Silver broadly unchanged, according to FXStreet data

Silver prices (XAG/USD) broadly unchanged on Tuesday, according to FXStreet data.

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Comex Copper slumps as Chile seeks tariff exemption - ING

Copper prices on Comex slumped after Chile's finance minister said the country will push for an exemption for a planned US tariff on the metal. Trade talks between the US and Chile started in Washington on Monday, ING's commodity analysts Warren Patterson and Ewa Manthey note.

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ECB survey: Eurozone Consumer Inflation Expectations fall to 2.6% over next 12 months in June

The latest monthly Consumer Expectations Survey by the European Central Bank showed on Tuesday that Eurozone inflation is expected to extend its downtrend for the year ahead in June.

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GBP: Out-sized move in EUR/GBP - ING

We saw a huge move lower in EUR/GBP yesterday, ING's FX analyst Chris Turner notes.

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DXY eyes key resistance at 99/99.40 after trendline rebound - Scotiabank

The Dollar Index is staging a recovery after defending its long-term uptrend near 96.40. A higher low at 97.10 and bullish MACD divergence point to fading downside momentum, with focus now shifting to key resistance near 99/99.40, Standard Chartered's economist report.

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China: Fiscal room remains sizeable in H2 - Standard Chartered

Fiscal measures were front-loaded, contributing to higher-than-expected GDP growth in H1. If broad budget is fully implemented, fiscal impulse would be 1.2% of GDP in H2, reducing downside risk. Broad spending can maintain the H1 pace under prudent assumptions of tax and land sale revenues.

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DXY. Risks skewed to the upside for now - OCBC

USD traded better bid overnight. The sell-off in European equities overnight and most Asian equities also weighed on sentiments. DXY was last at 98.83 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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Trump shortens the window for peace deal - ING

ICE Brent rallied by more than 2.3% yesterday, pushing prices back above US$70/bbl.

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