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Canada's CPI is set to decline in July on annual basis while gaining steam on monthly reading
Statistics Canada will issue the Consumer Price Index (CPI) for July on Tuesday. This will attract the market's attention since it will provide the Bank of Canada (BoC) with fresh information on how inflation is changing, which they use to set interest rates.
Forex Today: Eyes on US housing data and Canada inflation report
Here is what you need to know on Tuesday, August 19:
NZD/USD remains above 0.5900 on dovish Fed outlook, awaits upcoming RBNZ decision
NZD/USD edges higher after recovering its recent losses registered in the previous session, trading around 0.5930 during the early European hours on Tuesday.
EUR/GBP steadies above 0.8600 as Trump pushes Ukraine talks
The EUR/GBP cross trades on a flat note around 0.8635 during the early European session on Tuesday.
USD/CHF loses momentum below 0.8100 despite hopes for a Russia-Ukraine peace deal
The USD/CHF pair tumbles to near 0.8070 during the early European session on Tuesday.
EUR/JPY flat lines above 172.00 mark; bullish potential seem intact
The EUR/JPY cross extends its sideways consolidative price move for the second straight day and remains confined in a narrow band, above the 172.00 mark through the Asian session on Tuesday.
USD/CAD holds above 100-day SMA; looks to build on strength beyond 1.3800
The USD/CAD pair climbs back above the 1.3800 mark during the Asian session on Tuesday, though it lacks bullish conviction and remains below an over two-week high touched the previous day.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
GBP/USD softens to near 1.3500 as traders pare bets on Fed rate cut
The GBP/USD pair trades on a softer note near 1.3500 during the early European session on Tuesday. The US Dollar (USD) posts modest gains against the Pound Sterling (GBP) as traders pared bets on a rate cut at the US Federal Reserve (Fed) September 16-17 meeting.
EUR/USD remains subdued near 1.1650, awaits Ukraine-Russia developments, EU economic data
EUR/USD remains subdued for the second successive session, trading around 1.1660 during the Asian hours on Tuesday. The pair struggles as the US Dollar receives support from positive signals toward a possible resolution of the Ukraine-Russia war, following the Trump-Zelenskyy summit on Tuesday.
FX option expiries for Aug 19 NY cut
FX option expiries for Aug 19 NY cut at 10:00 Eastern Time via DTCC can be found below.
S&P affirms US 'AA+/A-1+' sovereign ratings; outlook remains Stable
The S&P Global Ratings agency affirmed the US 'AA+/A-1+' sovereign ratings while maintaining a 'Stable' outlook on steady, albeit high, deficits.
US Dollar Index maintains position above 98.00 amid Ukraine-Russia peace hopes
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground for the second successive session and trading around 98.20 during the Asian hours on Tuesday.
Japanese Yen oscillates in range amid BoJ-Fed divergence and geopolitical optimism
The Japanese Yen (JPY) is seen oscillating in a range against its American counterpart during the Asian session on Tuesday amid mixed fundamental cues. The growing acceptance is that the Bank of Japan (BoJ) will stick to its policy normalization path and hike interest rates by the year-end.
USD/INR holds positive ground on US-India trade fog
The Indian Rupee (INR) weakens on Tuesday amid persistent US-India trade tensions. US President Donald Trump said he would delay new tariffs on countries like China that continue purchasing Russian oil after talks with Russian President Vladimir Putin.
Australian Dollar remains subdued despite improved Westpac Consumer Confidence
The Australian Dollar (AUD) extends its losses for the second consecutive session on Tuesday. The AUD/USD pair depreciates despite an improved Westpac Consumer Confidence, which surged 5.7% in August to 98.5, following a 0.6% increase in July.
PBOC sets USD/CNY reference rate at 7.1359 vs. 7.1322 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1359 as compared to the previous day's fix of 7.1322 and 7.1846 Reuters estimate.
NZD/USD gathers strength above 0.5900 as investors await RBNZ rate decision
The NZD/USD pair gains ground to near 0.5925 during the early Asian session on Tuesday. The US Dollar (USD) softens against the New Zealand Dollar (NZD) as a slew of US economic data keeps the case for a September Federal Reserve (Fed) interest rate cut intact.
US Secretary of State Rubio to work with allies on security guarantees for Ukraine
US Secretary of State Marco Rubio said on Tuesday that he will work with European allies and non-European countries on security guarantees for Ukraine.
Ukraine's President Zelenskyy pushes for real peace, signals US support on security guarantees
Ukraine's President Volodymyr Zelenskyy late Monday emphasized the need for true peace and welcomed US involvement in security guarantees. Zelenskyy also confirmed major US arms purchase plans.
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