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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.
Fxstreet
Tue, Aug 12
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.
Fxstreet
Tue, Aug 12
CANADA FX DEBT-Canadian dollar rebounds from one-week low after U.S. inflation report
Canadian dollar gains 0.2% against the greenbackTouches its weakest since August 5 at 1.3806Price of oil decreases 1%Bond yields rise across a steeper curveBy Fergal Smith TORONTO, Aug 12 (Reuters) - The Canadian dollar recovered on Tuesday from an earlier one-week low against its U.S. counterpar...Reuters
Tue, Aug 12
Miran calls Fed independence 'paramount' but declines to elaborate - CNBC
Miran has advocated for increased presidential control of Fed BoardMiran to replace Fed Governor Adriana Kugler if confirmedMiran dismisses tariffs as cause of significant inflation Aug 12 (Reuters) - President Donald Trump's nominee to the Federal Reserve Board of Governors on Tuesday said t...Reuters
Tue, Aug 12
Do Kwon to plead guilty to US conspiracy, fraud charges in $40 billion crypto collapse
By Luc Cohen NEW YORK, Aug 12 (Reuters) - Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, is planning to plead guilty on Tuesday to two charges of conspiracy to defraud and wire fraud, a judge said at a U.S. cour...Reuters
Tue, Aug 12
Miran calls Fed independence 'paramount' but declines to elaborate - CNBC
Aug 12 (Reuters) - President Donald Trump's nominee to the Federal Reserve Board of Governors on Tuesday said the U.S. central bank's independence was 'of paramount importance' but declined to elaborate further, citing his coming approval process in the Senate."I've always be...Reuters
Tue, Aug 12
FOREX-Dollar eases as US inflation data keeps September rate cut on table
US consumer prices increase moderately in JulyDollar erases early gains to trade modestly lower against euroFormer Fed bank president Bullard says he'd accept Fed Chair job if offered Aussie dips after widely expected RBA rate cutSterling supported by British jobs data By Saqib Iqbal Ahmed NE...Reuters
Tue, Aug 12
Circle CEO Says There Are Opportunities For M&A But Bar Will Be High - Conference Call
Aug 12 (Reuters) - Circle Internet Group CRCL.N:CIRCLE CEO JEREMY ALLAIRE SAYS GENIUS ACT WILL DRIVE MUCH BROADER USE OF STABLECOINS IN PAYMENTS - CONF CALLCIRCLE CEO SAYS COMPANY SEES OPPORTUNITIES TO DO M&A, BUT BAR IS HIGHCIRCLE CEO SAYS CONTINUE TO SEE DEMAND FOR STABLECOIN IN REMITTANCE TRA...Reuters
Tue, Aug 12
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
Fxstreet
Tue, Aug 12
CANADA FX DEBT - Canadian dollar unchanged, benchmark yield slips
The Canadian dollar was unchanged against the greenback on Tuesday, and the yield on benchmark government debt slipped. The loonie CAD= was trading is unchanged at C$1.378 to the greenback, or 72.57 U.S. cents, after trading in a range of 1.3767 to 1.3806.Canadian government 10-year bond yields CA10...Reuters
Tue, Aug 12
FOREX-Dollar slips after US inflation data
NEW YORK, Aug 12 (Reuters) - The U.S. dollar slipped against the euro on Tuesday, after data showed U.S. consumer prices increased moderately in July.The consumer price index rose 0.2% last month after gaining 0.3% in June, the Labor Department's Bureau of Labor Statistics said on Tuesday. In th...Reuters
Tue, Aug 12
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.
Fxstreet
Tue, Aug 12
FOREX-Currency markets brace for US inflation data
Traders watch for signs of tariff pressures in US CPI dataAussie dips after widely expected RBA rate cutSterling supported by British jobs data By Kevin Buckland and Alun John TOKYO/LONDON, Aug 12 (Reuters) - Currency markets were in a holding pattern on Tuesday ahead of U.S. inflation data - imp...Reuters
Tue, Aug 12
INDIA RUPEE-Indian rupee ends flat as market awaits key inflation data in US and India
By Ashwin Manikandan MUMBAI, Aug 12 (Reuters) - The Indian rupee was largely unchanged on Tuesday with traders in "wait and watch" mode awaiting the release of key inflation data in the U.S. and India later in the day, which could provide clues on the interest rate trajectories in the two...Reuters
Tue, Aug 12
