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USD/CAD returns to 1.3730 with the Dollar showing a firmer tone
The US Dollar is trading on a somewhat stronger note on Tuesday, favoured by an improved market sentiment, which has helped the USD/CAD to bounce from year-to-date lows below 1.3700 and return to 1the 1.3730 area at the moment of writing.The broader trend, however, remains bearish, with speculative
Fxstreet
Tue, Jun 3
Iron ore nears 2-month low on Trump's tariff hike plan, weak China data
By Amy Lv and Lewis Jackson BEIJING, June 3 (Reuters) - Iron ore futures fell to their lowest in nearly two months on Tuesday due to demand fears sparked by President Donald Trump's plan to double tariffs on steel imports and on weak factory data in top consumer China.The most-traded Septembe...Reuters
Tue, Jun 3
EUR/JPY hovers near 163.50 as traders adopt caution ahead of Eurozone HICP inflation data
EUR/JPY remains steady after registering gains in the previous day, trading around 163.30 during the Asian hours on Tuesday. Eurozone Harmonized Index of Consumer Prices (HICP) data, scheduled to be released later in the day, will be eyed.
Fxstreet
Tue, Jun 3
Singapore hedge fund Arrowpoint capitalised on May market turmoil
By Summer Zhen HONG KONG, June 3 (Reuters) - Singapore's multi-strategy hedge fund Arrowpoint Investment Partners has made gains by exploiting market dislocations triggered by global trade tariff shocks and sees more arbitrage opportunities ahead, its chief investment officer said.Since mid-A...Reuters
Tue, Jun 3
Australia, NZ dollars back away from resistance, data a drag
By Wayne Cole SYDNEY, June 3 (Reuters) - The Australian and New Zealand dollars backed away from resistance on Tuesday as soft economic data encouraged profit-taking on an overnight surge, while nudging short-term yields lower.The see-saw action left the Aussie down 0.4% at $0.6468 AUD=D3, unwind...Reuters
Tue, Jun 3
China's yuan slips as caution prevails ahead of Trump-Xi talks
SHANGHAI, June 3 (Reuters) - China's yuan weakened against the dollar on Tuesday, the first trading session after the holiday, as investors cautiously awaited fresh developments in the Sino-U.S. relations following some signs of a re-escalation of tensions.U.S. President Donald Trump and Chinese...Reuters
Tue, Jun 3
FOREX-Dollar holds near six-week low as trade war wears on US economy
Dollar index hits lowest since late April, euro touches six-week highU.S. manufacturing contracts for third month, impacting dollar performanceFiscal worries prompt 'sell America' theme, Senate debates tax billBy Rocky Swift TOKYO, June 3 (Reuters) - The dollar touched a six-week low on T...Reuters
Tue, Jun 3
EUR/USD holds losses near 1.1400 ahead of Eurozone HICP inflation data
EUR/USD edges lower after registering over 0.50% gains in the previous session, trading around 1.1420 during the Asian hours on Tuesday. The US Dollar (USD) recovers its ground on technical correction, despite growing concerns regarding stagflation in the United States (US).
Fxstreet
Tue, Jun 3
Australian Dollar remains subdued following RBA Meeting Minutes, China's Manufacturing PMI
The Australian Dollar (AUD) depreciated against the US Dollar (USD) on Tuesday after registering around 1% gains in the previous session. The AUD/USD pair remains subdued following the release of the Reserve Bank of Australia’s (RBA) Meeting Minutes.
Fxstreet
Tue, Jun 3
