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New Zealand Dollar holds gains near 0.5800, unfazed by risk aversion
The New Zealand Dollar (NZD) appreciates against the US Dollar (USD) on Tuesday, hardly affected by the risk-averse scenario.
Euro declines against Canadian Dollar as oil prices rise
EUR/CAD extends its losing streak for the third consecutive day, trading around 1.6070 during the European hours on Tuesday. The currency cross depreciates as the commodity-linked Canadian Dollar (CAD) gains ground on higher oil prices.
Spain 9-Month Letras Auction rose from previous 2.518%Â to 2.623%
Spain 9-Month Letras Auction rose from previous 2.518%Â to 2.623%
Spain 3-Month Letras Auction rose from previous 2.239%Â to 2.366%
Spain 3-Month Letras Auction rose from previous 2.239%Â to 2.366%
Japanese Yen: Stays weak within broad band against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann report USD/JPY rebounded from 161.26 to trade between 161.55 and 162.48, closing firm at 162.42. They see scope for a test of 162.70 while keeping 163.00 out of view, with support at 162.20/162.00.
Euro rises against US Dollar as latter corrects ahead of US CPI data
The Euro (EUR) trades slightly higher to near 1.1395 against the US Dollar (USD) during the European trading session on Tuesday. The major currency pair gains as the US Dollar corrects ahead of the United States (US) Consumer Price Index (CPI) data for June, which will be published at 12:30 GMT.
Breaking: US CPI inflation softens to 3.5% in June vs. 3.8% expected
Annual inflation in the United States (US), as measured by the change in the Consumer Price Index (CPI), declined to 3.5% in June from the three-year high it set at 4.2% in May, the US Bureau of Labor Statistics (BLS) reported on Tuesday. This print came in well below the market expectation of 3.8%.
Dow Jones futures fall ahead of results from Wall Street lenders
Dow Jones futures lose 0.26% to trade around 52,620 during European trading hours on Tuesday. Meanwhile, S&P 500 futures and Nasdaq 100 futures fall 0.03% and 0.42%, trading near 7,560 and 29,600, respectively.
Oil: Stagflation fears rise with Middle East tensions – Deutsche Bank
Deutsche Bank strategists highlight a sharp jump in Oil prices driven by escalating tensions between the US and Iran and renewed rhetoric from President Trump on the Strait of Hormuz.
USD/CHF Price Forecast: Consolidates gains above 0.8130 with US CPI, Fed Warsh in focus
The US Dollar (USD) is trading practically flat against the Swiss Franc (CHF) on Tuesday, consolidating gains after a 0.7% rally on Monday, boosted by rising geopolitical tensions and hawkish Comments by Federal Reserve (Fed) Governor Christopher Waller.
Swiss Franc: Weakens as Euro tests triangle resistance – Societe Generale
Societe Generale technical analysts note that EUR/CHF has moved above its 200-DMA and is challenging resistance defined by the March and April highs.
USD/CAD Price Forecast: Surging Oil prices back further downside
The Canadian Dollar (CAD) trades higher against its major currency peers, except antipodeans, during the European trading session on Tuesday.
US Dollar: Fed reaction focus after Waller – MUFG
MUFG’s Michael Wan notes the Dollar strengthened as US Treasury yields rose and equities sold off, helped by renewed US–Iran tensions and higher Oil prices.