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Canadian Dollar holds firm against US Dollar ahead of US CPI
USD/CAD trades under pressure on Tuesday, staying on the back foot for a third straight day. However, the pair lacks follow-through selling as the US Dollar (USD) holds firm ahead of Wednesday’s US Consumer Price Index (CPI) data.
Tue, Aug 11
Australian Dollar: RBA policy path caps upside against US Dollar – Societe Generale
Societe Generale’s Kenneth Broux highlights ongoing pressure on the Australian Dollar after the RBA removed one projected rate hike, keeping the cash rate at 4.35% and projecting the policy rate around 4.40% through 2028.
Tue, Aug 11
EUR/GBP slips as bearish pressure mounts
EUR/GBP is trading on the lower end of its weekly range near the 0.8540 price zone on Tuesday.
Tue, Aug 11
Canadian Dollar: Bullish momentum builds against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is supported by higher Oil prices and Friday’s strong Canadian jobs data versus weaker US labour figures.
Tue, Aug 11
Euro: Gradual appreciation path against US Dollar – Commerzbank
Commerzbank's Chief Economist Dr. Jörg Krämer expects EUR/USD to recover once the Iran conflict eases and to grind higher over the coming quarters.
Tue, Aug 11
Japanese Yen: Oil prices keep USD/JPY near 160 resistance - BBH
Brown Brothers Harriman’s (BBH) Elias Haddad explains USD/JPY has retraced half of its post-intervention drop, with US–Japan rate spreads already narrowing in favor of the Japanese Yen (JPY).
Tue, Aug 11
Australian Dollar trades near weekly high after RBA decision
AUD/USD trades moderately higher above the 0.7060 price region after the Reserve Bank of Australia (RBA) left interest rates unchanged at 4.35% in a unanimous decision at the August monetary policy decision.
Tue, Aug 11
WTI Oil reverses course as Iran, Oman move closer on Hormuz talks
West Texas Intermediate (WTI) US Oil retreats on Tuesday, trading around $80.40 at the time of writing, down 1.281% on the day. The US benchmark gives back its previous gains after Qatar reported progress in negotiations between Iran and Oman regarding the Strait of Hormuz.
Tue, Aug 11
Australian Dollar: RBA holds hawkish bias with steady rates – ING
ING’s Chris Turner reports that the Reserve Bank of Australia kept rates at 4.35%, while Governor Sandra Bullock delivered a hawkish message, stressing upside inflation risks and revealing that a hike was discussed. Short-dated Australian yields reversed higher.
Tue, Aug 11
EUR/USD Price Forecast: Range-bound trade persists below 100-day SMA
EUR/USD fluctuates on Tuesday, holding within the range seen over the past week. At the time of writing, the pair trades around 1.1546, virtually unchanged on the day.
Tue, Aug 11
Coinbase launches Abu Dhabi tokenization hub after regulatory approval
Coinbase (COIN), a top US-based cryptocurrency exchange, announced Tuesday it has secured a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in the United Arab Emirates (UAE).
Tue, Aug 11
Gold: ETF inflows and sceptical outlook – Commerzbank
Commerzbank’s Carsten Fritsch notes Gold breaking above USD 4,400 per ounce despite a sharp Oil rally, with Fed rate expectations only modestly higher after weak US labour data.
Tue, Aug 11
Japan: BoJ inflation focus and rate risks – Rabobank
Rabobank's Senior FX Strategist Jane Foley examines Japanese inflation dynamics and Bank of Japan policy. The report notes elevated Oil prices and supply risks, but stresses BoJ’s focus on core inflation and wage-driven pressures after decades of deflation.
Tue, Aug 11
Singapore: Strong growth momentum defies risks – DBS
DBS Group Research economist Chua Han Teng highlights that Singapore’s economy is set to deliver above-trend growth for a third straight year in 2026, supported by manufacturing, wholesale trade and financial services.
Tue, Aug 11
Euro: Rangebound against US Dollar as volatility sinks – ING
Chris Turner at ING observes that EUR/USD realised volatility continues to decline, with one-year volatility matching lows from November 2024.
Tue, Aug 11
Japanese Yen: Heading back toward 160 against US Dollar – Commerzbank
Volkmar Baur at Commerzbank notes that the Japanese Yen has weakened again above 159 per Dollar despite recent intervention and Bank of Japan signals.
Tue, Aug 11
Japanese Yen struggles as impact of joint intervention fades
USD/JPY treads water on Tuesday as the Japanese Yen (JPY) struggles to find its footing, facing headwinds from a firmer US Dollar (USD) and elevated Oil prices. At the time of writing, the pair trades around 159.24 after hitting an intraday low of 158.92.
Tue, Aug 11
Ripple Price Forecast: XRP's slow grind near $1.00 raises risk of deeper sell-off
Ripple (XRP) continues to lose momentum on Tuesday, as bears tighten their grip. The drop toward $1.00 aligns with lethargic sentiment in the broader cryptocurrency market. A daily close below that critical demand area could deepen the sell-off, narrowing XRP’s recovery potential.
Tue, Aug 11
US ADP Employment Change 4-week average drops to 8.25K
Private-sector hiring in the US has further cooled in late July. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 8.25K jobs per week in the four weeks ending July 25.
Tue, Aug 11
Australian Dollar: RBA softens hawkish stance – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports the Reserve Bank of Australia (RBA) delivered a less hawkish hold, keeping rates at 4.35% and judging policy “somewhat restrictive” as the labor market has eased more than expected.
Tue, Aug 11
