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GBP/USD steadies below 1.3450 following BRC Like-For-Like Retail Sales, UK labor data eyed

GBP/USD moves little after the release of Like-For-Like Retail Sales by the British Retail Consortium, hovering around 1.3430 during the Asian hours on Tuesday.

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Silver Price Forecast: XAG/USD rises to near $38.00, US CPI data in focus

The Silver price (XAG/USD) attracts some buyers near $37.90 during the Asian trading hours on Tuesday. The white metal edges higher amid rising expectations that the US Federal Reserve (Fed) will deliver an interest rate cut in its September meeting.

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US CPI data set to show inflation ticked up in July as tariffs push prices up

The United States (US) Bureau of Labor Statistics (BLS) will publish the all-important Consumer Price Index (CPI) data for July on Tuesday at 12:30 GMT.

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EUR/USD remains above 1.1600, sentiment improves due to upcoming US-Russia meet

EUR/USD edges higher after registering losses in the previous two successive sessions, trading around 1.1620 during the Asian hours on Tuesday.

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Japanese Yen slides to over one-week low against mostly flat USD amid BoJ uncertainty

The Japanese Yen (JPY) drifts lower against its American counterpart for the third straight day and slides to a one-and-a-half-week low during the Asian session on Tuesday.

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Australian Dollar steadies as US extends China tariff deadline, RBA decision eyed

The Australian Dollar (AUD) maintains its position against the US Dollar (USD) on Tuesday ahead of the interest rate decision by the Reserve Bank of Australia. The AUD/USD pair may appreciate as US President Donald Trump has extended the China tariff deadline by another 90 days.

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US Dollar Index holds steady near 98.50 ahead of US CPI inflation data

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a flat note near 98.50 as traders prefer to wait on the sidelines ahead of a key US inflation report, which is due later on Tuesday.

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China Commerce Ministry: Suspends adding some US firms to unreliable entity list for 90 days

China's Commerce Ministry said early Tuesday that it will suspend adding some US firms to the unreliable entity list for 90 days.

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PBOC sets USD/CNY reference rate at 7.1418 vs. 7.1405 previous

The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1418 as compared to the previous day's fix of 7.1405 and 7.1901 Reuters estimate.

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NZD/USD gathers strength to near 0.5950 as Trump extends China tariff deadline by another 90 days

The NZD/USD pair gains ground to around 0.5940 during the early Asian session on Tuesday. The New Zealand Dollar (NZD) strengthens against the Greenback after US President Donald Trump extends the China tariff deadline by another 90 days.

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WTI recovers above $63.00 as Russia shrugs off US deadline to avoid sanctions

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.35 during the early Asian trading hours on Tuesday. The WTI recovers some lost ground as Russia ignores the US deadline to end its war with Ukraine.

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GBP/USD momentum falters ahead of hefty Tuesday docket

GBP/USD spun in a circle on Monday, wearing worry lines into the charts near 1.3430 as Cable traders buckle down ahead of a slew of key data on both sides of the Atlantic due on Tuesday.

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USD/CAD trades flat above 1.3750, all eyes on US CPI release

The USD/CAD pair trades on a flat note near 1.3775 during the early Asian session on Tuesday. The Canadian Dollar (CAD) weakens against the US Dollar (USD) as traders turn cautious ahead of a key US inflation report later on Tuesday.

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Silver Price Analysis: Retreats below $38.00 as US Dollar strength weighs on metals

Silver price plunges over 1.90% on Monday as traders awaited a resolution from the White House regarding Gold tariffs. Although US President Donald Trump posted on Truth Social that Bullion would not be tariffed on August 11, broad US Dollar strength weighed on the grey's metal.

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RBA expected to cut interest rate as inflation cools, unemployment rises

The Reserve Bank of Australia (RBA) is expected to announce a 25 basis points (bps) cut to the Official Cash Rate (OCR) to 3.6% from 3.85% following the conclusion of its August monetary policy meeting on Tuesday. The decision will be announced at 04:30 GMT.

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Banxico Rodriguez: MXN gains from US tariff view, policy stance adequate

In an interview with El Financiero, Victoria Rodriguez Ceja, Banco de Mexico (Banxico) Governor, said that the Mexican Peso (MXN) strength was due to the market's perception of Mexico's "preferential treatment" in the US tariffs policy.

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EUR/USD dips as traders brace for US CPI and geopolitical developments

The EUR/USD edges lower on Monday, down 0.26% as the Greenback is bought by traders ahead of another inflation report in the United States (US) coming Tuesday.

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Dow Jones Industrial Average eases as investors brace for CPI

The Dow Jones Industrial Average (DJIA) fell back on Monday, shedding around 200 points and testing below 44,000 once again as investors brace for the latest United States (US) Consumer Price Index (CPI) inflation figures due on Tuesday.

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Forex Today: US CPI data and the RBA meeting will be the salient events

The US Dollar (USD) added to Friday's advance amid the generalised prudence among market participants ahead of the publication of the US inflation data, while a potential Trump-Putin meeting also helped with the cautious environment.

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Australian Dollar consolidates ahead of RBA rate call; traders eye US inflation data

The Australian Dollar (AUD) trades with a slightly negative tone against the US Dollar (USD) on Monday, with AUD/USD holding steady above the 0.6500 level as investors brace for Tuesday's Reserve Bank of Australia (RBA) monetary policy decision.

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