News
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AUD/NZD retreats from multi-week top, flat lines around 1.0965 post-RBA rate decision
The AUD/NZD cross surrenders modest intraday gains to a nearly four-week high, around the 1.0980-1.0985 region touched during the Asian session this Tuesday after the Reserve Bank of Australia (RBA) announced its policy decision.
Fxstreet
Tue, Aug 12
AUD/JPY trims gains near 96.50 as RBA cuts rate to 3.60% as expected
The AUD/JPY cross pares gains to 96.60 during the Asian trading hours on Tuesday. The Australian Dollar (AUD) remains firm against the Japanese Yen (JPY) after the Reserve Bank of Australia (RBA) interest rate decision.
Fxstreet
Tue, Aug 12
Australia's central bank cuts rates to two-year low of 3.60%
SYDNEY, Aug 12 (Reuters) - Australia's central bank on Tuesday cut its main cash rate by a quarter point to a two-year low of 3.60%, citing a slowdown in inflation and a looser labour market, though it was cautious on the prospect of further easing.Wrapping up a two-day policy meeting, the Reser...Reuters
Tue, Aug 12
USD/INR flattens as investors await India-US CPI data for July
The Indian Rupee (INR) flattens around 87.80 against the US Dollar (USD) at open on Tuesday. The USD/INR pair trades sideways ahead of the release of the Consumer Price Index (CPI) data for July from both India and the United States (US), which will be published during the day.Fxstreet
Tue, Aug 12
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.
Fxstreet
Tue, Aug 12
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. Against the backdrop of political uncertainty, the potential negative impact of higher US tariffs on the domestic economy...
Fxstreet
Tue, Aug 12
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.
Fxstreet
Tue, Aug 12
FOREX-Dollar holds gains ahead of inflation data; Aussie awaits RBA
Risks skewed to modest dollar gain after CPI: TD Securities Traders watch for signs of tariff pressures in CPI dataAustralian central bank widely expected to cut ratesBy Kevin Buckland TOKYO, Aug 12 (Reuters) - The U.S. dollar held steady on Tuesday, with markets braced for a key consumer inflati...Reuters
Tue, Aug 12
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.
Fxstreet
Tue, Aug 12
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.
Fxstreet
Mon, Aug 11
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.Fxstreet
Mon, Aug 11
Japan's deepening political woes cloud budget, rate hike timing
LDP debates holding rare leadership race, timing uncertainIf not held in September, race could be put off till next yearSome in LDP see Ishiba's resignation as inevitableBOJ may favour avoiding unwanted political attentionBy Takaya Yamaguchi and Leika Kihara TOKYO, Aug 11 (Reuters) - Japan...Reuters
Mon, Aug 11
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.
Fxstreet
Mon, Aug 11
Crypto exec Do Kwon, charged with fraud, expected to plead guilty
NEW YORK, Aug 11 (Reuters) - Do Kwon, the South Korean cryptocurrency entrepreneur facing U.S. fraud charges over two digital currencies that lost an estimated $40 billion in 2022, is expected to enter a guilty plea, court records showed on Monday. In a brief scheduling order, U.S. District Judg...Reuters
Mon, Aug 11
