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USD/INR flattens as investors await India-US CPI data for July
The Indian Rupee (INR) flattens around 87.80 against the US Dollar (USD) at open on Tuesday. The USD/INR pair trades sideways ahead of the release of the Consumer Price Index (CPI) data for July from both India and the United States (US), which will be published during the day.
EUR/JPY rises to near 172.50 as trade tensions ease, Japanese Yen weakens
EUR/JPY extends its gains for the third successive session, trading around 172.50 during the Asian hours on Tuesday. The currency cross gains ground as the Japanese Yen (JPY) depreciates due to lessened safe-haven demand, driven by dampening global trade concerns.
GBP/USD steadies below 1.3450 following BRC Like-For-Like Retail Sales, UK labor data eyed
GBP/USD moves little after the release of Like-For-Like Retail Sales by the British Retail Consortium, hovering around 1.3430 during the Asian hours on Tuesday.
US CPI data set to show inflation ticked up in July as tariffs push prices up
The United States (US) Bureau of Labor Statistics (BLS) will publish the all-important Consumer Price Index (CPI) data for July on Tuesday at 12:30 GMT.
EUR/USD remains above 1.1600, sentiment improves due to upcoming US-Russia meet
EUR/USD edges higher after registering losses in the previous two successive sessions, trading around 1.1620 during the Asian hours on Tuesday.
Japanese Yen slides to over one-week low against mostly flat USD amid BoJ uncertainty
The Japanese Yen (JPY) drifts lower against its American counterpart for the third straight day and slides to a one-and-a-half-week low during the Asian session on Tuesday.
Australian Dollar steadies as US extends China tariff deadline, RBA decision eyed
The Australian Dollar (AUD) maintains its position against the US Dollar (USD) on Tuesday ahead of the interest rate decision by the Reserve Bank of Australia. The AUD/USD pair may appreciate as US President Donald Trump has extended the China tariff deadline by another 90 days.
US Dollar Index holds steady near 98.50 ahead of US CPI inflation data
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a flat note near 98.50 as traders prefer to wait on the sidelines ahead of a key US inflation report, which is due later on Tuesday.
China Commerce Ministry: Suspends adding some US firms to unreliable entity list for 90 days
China's Commerce Ministry said early Tuesday that it will suspend adding some US firms to the unreliable entity list for 90 days.
PBOC sets USD/CNY reference rate at 7.1418 vs. 7.1405 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1418 as compared to the previous day's fix of 7.1405 and 7.1901 Reuters estimate.
NZD/USD gathers strength to near 0.5950 as Trump extends China tariff deadline by another 90 days
The NZD/USD pair gains ground to around 0.5940 during the early Asian session on Tuesday. The New Zealand Dollar (NZD) strengthens against the Greenback after US President Donald Trump extends the China tariff deadline by another 90 days.
GBP/USD momentum falters ahead of hefty Tuesday docket
GBP/USD spun in a circle on Monday, wearing worry lines into the charts near 1.3430 as Cable traders buckle down ahead of a slew of key data on both sides of the Atlantic due on Tuesday.
USD/CAD trades flat above 1.3750, all eyes on US CPI release
The USD/CAD pair trades on a flat note near 1.3775 during the early Asian session on Tuesday. The Canadian Dollar (CAD) weakens against the US Dollar (USD) as traders turn cautious ahead of a key US inflation report later on Tuesday.
RBA expected to cut interest rate as inflation cools, unemployment rises
The Reserve Bank of Australia (RBA) is expected to announce a 25 basis points (bps) cut to the Official Cash Rate (OCR) to 3.6% from 3.85% following the conclusion of its August monetary policy meeting on Tuesday. The decision will be announced at 04:30 GMT.
Banxico Rodriguez: MXN gains from US tariff view, policy stance adequate
In an interview with El Financiero, Victoria Rodriguez Ceja, Banco de Mexico (Banxico) Governor, said that the Mexican Peso (MXN) strength was due to the market's perception of Mexico's "preferential treatment" in the US tariffs policy.
EUR/USD dips as traders brace for US CPI and geopolitical developments
The EUR/USD edges lower on Monday, down 0.26% as the Greenback is bought by traders ahead of another inflation report in the United States (US) coming Tuesday.
Dow Jones Industrial Average eases as investors brace for CPI
The Dow Jones Industrial Average (DJIA) fell back on Monday, shedding around 200 points and testing below 44,000 once again as investors brace for the latest United States (US) Consumer Price Index (CPI) inflation figures due on Tuesday.
Forex Today: US CPI data and the RBA meeting will be the salient events
The US Dollar (USD) added to Friday's advance amid the generalised prudence among market participants ahead of the publication of the US inflation data, while a potential Trump-Putin meeting also helped with the cautious environment.
Australian Dollar consolidates ahead of RBA rate call; traders eye US inflation data
The Australian Dollar (AUD) trades with a slightly negative tone against the US Dollar (USD) on Monday, with AUD/USD holding steady above the 0.6500 level as investors brace for Tuesday's Reserve Bank of Australia (RBA) monetary policy decision.
Donald Trump extends tariff deadline for China by another 90 days
US President Donald Trump hit markets with fresh trade headlines late on Monday, this time refocusing his efforts on negotiating trade deals with the Chinese government. Trump has announced that hefty tariffs aimed at Chinese goods will again be delayed, pushing back the deadline by 90 days.
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