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Euro revisits monthly low against US Dollar in countdown to Fedās policy
The Euro (EUR) falls to its monthly low at around 1.1362 against the US Dollar (USD) during the early European trading session on Tuesday. The major currency pair weakens as the US Dollar extends gains amid caution ahead of the Federal Reserveās (Fed) monetary policy announcement on Wednesday.
Denmark Retail Sales (YoY): 4.8% (June) vs 3.8%
Denmark Retail Sales (YoY): 4.8% (June) vs 3.8%
AUD/USD Price Forecast: Slides to 0.6970 after failing to clear 38.2% Fibo. hurdle
The AUD/USD pair attracts some follow-through selling following the previous day's failure to find acceptance above the 0.7000 psychological mark and weakens to the 0.6970 area during the Asian session on Tuesday.
EUR/JPY Price Forecast: Holds position above nine-day EMA near 186.00
EUR/JPY holds ground after two days of losses, trading around 186.20 during the Asian hours on Tuesday. The currency cross is holding a bullish near-term bias as it trades above both the nine-period and 50-period Exponential Moving Averages (EMAs), keeping the broader uptrend supported.
New Zealand Dollar struggles above mid-0.5700s as USD stays firm ahead of FOMC meeting
The NZD/USD pair turns lower for the second consecutive day following a modest Asian session uptick to the 0.5785 region on Tuesday.
RBAās Bullock: Key question is whether tightening already delivered is enough to slow inflation
Speaking at the Anika Foundation Fundraising Lunch in Sydney on Tuesday, Reserve Bank of Australia (RBA) Governor Michele Bullock said that the ākey question is whether tightening already delivered is enough to slow inflation.ā
Japan's Katayama: Need to communicate JGB market before budget compilation
In the Asian trading session on Tuesday, Japan Finance Minister (FM) Satsuki Katayama highlighted the need to communicate to financial and Japanese Government Bonds (JGBs) markets regarding the administrationās intentions towards the fiscal policy stance.
Asian stocks including KOSPI slide as AI doubts hit chipmakers
Asian stocks fall sharply on Tuesday as mounting skepticism over the massive financial returns on artificial intelligence spending triggered a widespread sell-off across global semiconductor shares.
Canadian Dollar struggles near two-week low vs USD amid bearish oil prices, ahead of FOMC
The USD/CAD pair enters a bullish consolidation phase near a two-week high, touched during the Asian session on Tuesday, and currently trades around 1.4120.
United Kingdom BRC Shop Price Index (YoY) below forecasts (1.2%) in July: Actual (0.9%)
United Kingdom BRC Shop Price Index (YoY) below forecasts (1.2%) in July: Actual (0.9%)
Australian Dollar gains ahead of RBA Governor Bullockās speech
AUD/USD inches higher after recovering its daily losses, trading around 0.6990 during the Asian hours on Tuesday. Traders are keeping a close watch on scheduled remarks from Reserve Bank of Australia (RBA) Governor Michele Bullock later in the day.
British Pound softens as Fed rate uncertainty supports US Dollar
GBP/USD edges lower after opening at a bullish gap, remaining within positive territory and trading around 1.3290 during the Asian hours on Tuesday.
Euro hangs near monthly low, holds above 1.1350 as USD bulls pause ahead of FOMC meeting
The EUR/USD pair is seen consolidating near the monthly trough and trading just above mid-1.1300s during the Asian session on Tuesday. Traders seem hesitant and await the outcome of a two-day FOMC policy meeting before placing aggressive directional bets.