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AUD/USD drifts lower amid cautious RBA, global trade uncertainty
The Australian Dollar (AUD) slips against the US Dollar (USD) on Tuesday, retreating from recent highs to 0.6460 as traders react to the Reserve Bank of Australia’s (RBA) cautious tone and softer-than-expected current account figures.
Fxstreet
Tue, Jun 3
CAD edges lower after another rebound from the upper 1.36s – Scotiabank
The Canadian Dollar (CAD) has edged a little lower on the session, in line with its major currency peers. Spot may continue to range trade ahead of Wednesday’s BoC policy decision, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Tue, Jun 3
FOREX-Dollar lingers near six-week low as trade war wears on US economy
Dollar index briefly hits lowest since late April and recoversUS manufacturing contracts for third monthEuro dented by slower euro zone inflationFiscal worries prompt 'sell America' theme, Senate debates tax billBy Rocky Swift and Amanda Cooper TOKYO/LONDON, June 3 (Reuters) - The dollar ...Reuters
Tue, Jun 3
Indian rupee, bonds set to be among top three Asian beneficiaries of foreign inflows, BofA Sec exec says
By Dharamraj Dhutia MUMBAI, June 3 (Reuters) - Indian markets will likely be among the top three in Asia to attract foreign inflows once tariff-related uncertainties ease, with the rupee and local currency-denominated bonds benefiting the most, an executive from BofA Securities told Reuters."...Reuters
Tue, Jun 3
USD/JPY: 143.85 must be breached for a sustained upside – UOB Group
US Dollar (USD) could decline further; given the deeply oversold momentum against Japanese Yen (JPY), a clear break below 142.10 appears unlikely. In the longer run, for a sustained decline, USD must first close below 142.10, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Jun 3
AUD/USD to test 0.6510 before leveling off – UOB Group
Sharp rise appears excessive, but there is room for Australian Dollar (AUD) to test 0.6510 before leveling off. In the longer run, price action suggests AUD could continue to rise and test the significant resistance level at 0.6540, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Jun 3
EMERGING MARKETS-Emerging market stocks rise from three-week low; Polish assets extend slide
EM stocks up 0.4%, FX flatPolish stocks extend declines in emerging marketsTurkish inflation falls to 35.4% in May, below forecastBy Nikhil Sharma June 3 (Reuters) - Polish assets extended declines on Tuesday amid heightened uncertainty following eurosceptic Karol Nawrocki's presidential elec...Reuters
Tue, Jun 3
AUD/JPY drops to near 92.00 following cautious remarks by RBA’s Hunter
AUD/JPY depreciated by approximately 0.50%, trading around 92.20 during the European hours on Tuesday. The currency cross loses ground as the Australian Dollar (AUD) falls following the release of the Reserve Bank of Australia’s (RBA) Meeting Minutes.
Fxstreet
Tue, Jun 3
Sterling tiptoes lower; 40-year gilt auction, BoE speakers in focus
LONDON, June 3 (Reuters) - The pound trod water on Tuesday, holding mostly steady against the dollar and the euro, ahead of a raft of Bank of England speakers and an auction of long-dated government bonds that may offer a gauge of investor confidence in Britain's finances.Sterling was last down ...Reuters
Tue, Jun 3
GBP/JPY Price Forecast: Potential double top at the 196.40 area
The Pound is trading lower for the fourth consecutive day against a stronger Yen, favoured by the frail market sentiment, and hawkish comments by BoJ Governor Ueda, which keep hopes of further rate hikes alive.The BoJ’s chief warned about trade uncertainty but maintained that the bank will continue
Fxstreet
Tue, Jun 3
