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Gold rallies as US CPI is mixed, while Trump remarks fuel rate cut bets

Gold price recovered some ground on Tuesday, climbing 0.20% following the release of July's inflation print in the United States (US). Although prices had risen, Bullion's was supported by US President Donald Trump's remarks threatening the Federal Reserve's (Fed) independence.

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Forex Today: Focus shifts to German inflation and Fedspeak

The US Dollar (USD) resumed its decline on turnaround Tuesday, leaving behind two daily advances in a row as investors assessed the latest CPI readings amid speculation of two interest rate cuts by the Fed in the latter half of the year.

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Dow Jones Industrial Average lurches higher after CPI inflation print

The Dow Jones Industrial Average (DJIA) caught some bullish lift on Tuesday, rising around 450 points after United States (US) Consumer Price Index (CPI) inflation data from July failed to push markets off of bets for an interest rate cut from the Federal Reserve (Fed) in September.

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AUD/USD rebounds above 0.6500 as RBA rate cut overshadowed by USD weakness

The Australian Dollar (AUD) recovers ground against the US Dollar (USD) on Tuesday, with the Reserve Bank of Australia's (RBA) interest rate cut decision overshadowed by broad Greenback softness following mixed US Consumer Price Index (CPI) figures.

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EUR/GBP muted as UK labor market steadies and EU economic sentiment weakens

The EUR/GBP stays flat during the North American session, as economic data in the UK initially pushed the pair lower, even though the European Union (EU) ZEW survey showed a deterioration in the bloc. The cross-pair trades at around 0.8644, muted.

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Swiss Franc strengthens as mixed US CPI, Trump's Powell threat weigh on Dollar

The Swiss Franc (CHF) strengthens against the US Dollar (USD) on Tuesday, with USD/CHF drifting lower as mixed US inflation data reinforced expectations of a Federal Reserve (Fed) rate cut in September.

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Fed's Schmid: Inflation is too high

Kansas City Fed President Jeffrey Schmid said on Tuesday that the muted impact of tariffs on inflation should be seen as evidence that monetary policy is "appropriately calibrated," not as a reason to cut interest rates.

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US President Trump slams Powell, threatens lawsuit; Dollar dips on Fed independence concerns

US President Donald Trump attacked the Federal Reserve Chair Jerome Powell on his social network, saying that he is "too late" to lower interest rates and must lower them "NOW." He complained that Steve Manunchin "really gave me a beauty when he pushed this loser," for the Fed Chair role.

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GBP/USD rises as US CPI data bolsters Fed rate cut expectations for September

The British Pound (GBP) strengthens further against the US Dollar (USD) on Tuesday, with GBP/USD edging higher after the release of mixed UK labor market data and the latest US inflation figures.

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Fed Board Nominee Miran: Fed independence is paramount

Stephen Miran, United States (US) President Donald Trump's nominee to replace Federal Reserve (Fed) Governor Adriana Kugler, told CNBC on Tuesday that the Fed's independence is paramount.

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Fed's Barkin: Balance between inflation and unemployment is unclear

Richmond Fed President Tom Barkin said on Tuesday that strong consumer spending might be cushioning the impact of tariffs on inflation, but he warned it could eventually give way to weaker demand and higher unemployment.

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Former St. Louis Fed President Bullard: Will accept Fed chair job if we aim for low and stable inflation

In an interview with CNBC on Tuesday, Former St. Louis Federal Reserve Bank President James Bullard said that he spoke with US Treasury Secretary Scott Bessent last week, per Reuters.

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EUR/USD rebounds after mixed US CPI; Fed rate cut bets hold firm

The Euro (EUR) edges higher against the US Dollar (USD) on Tuesday, snapping a two-day losing streak after mixed US inflation data for July showed headline figures that matched expectations and came in slightly below forecasts on the annual measure, while core inflation surprised to the upside on bo

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Gold steadies near $3,350 as traders await US inflation data

Gold (XAU/USD) steadies on Tuesday after slipping to a one-week low on the previous day. At the time of writing, the precious metal is consolidating near $3,345 during European trading hours, with investors awaiting the release of the US inflation data at 12:30 GMT for fresh monetary policy cues.

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USD/JPY jumps to near 148.50 ahead of US inflation data

The USD/JPY pair extends its winning streak for the third trading day on Tuesday and advances to near 148.50 during the European trading session. The asset strengthens ahead of the United States (US) Consumer Price Index (CPI) data for July, which will be published at 12:30 GMT.

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JPY is soft, lacking clear catalyst - Scotiabank

The Japanese Yen is soft, down 0.2% against the US Dollar (USD) and underperforming most of the G10 currencies along with AUD and NZD, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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GBP is outperforming with modest gain - Scotiabank

The Pound Sterling (GBP) is up 0.2% against the US Dollar (USD) and outperforming all of the G10 currencies as markets respond to the release of stronger than expected employment data.

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EUR quiet just above 1.16 - Scotiabank

The Euro (EUR) is quietly consolidating in a tight range just above 1.16 and ignoring the release of weaker than expected ZEW sentiment survey figures.

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CAD holds range below USD resistance in the low 1.38s - Scotiabank

The Canadian Dollar (CAD) is little changed in quiet trade as markets await US data, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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USD mixed ahead of CPI - Scotiabank

The US Dollar (USD) is trading mixed against the major currencies ahead of this morning's key data round, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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