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Donald Trump announces he will have a "majority" on the Fed
United States (US) President Donald Trump stepped in it on Tuesday, declaring that there would soon be a majority of rate-cut voters on the Federal Reserve's (Fed) interest rate setting voting body, the Federal Open Market Committee (FOMC).
BoC's Macklem reaffirms dropping inflation target amid trade policy uncertainty
Bank of Canada (BoC) Governor Tiff Macklem noted that the BoC will not be revisiting its 2% inflation targets for the foreseeable future, citing uncertainty around trade and ever-changing tariff policies from the United States (US).
Canadian Dollar gains ground on Greenback weakness
The Canadian Dollar (CAD) caught a slight bid on Tuesday, gaining some ground against the softening US Dollar (USD) heading into a quiet midweek.
EUR/USD threads water below 1.1650
The EUR/USD pair trades within a limited range on Tuesday, holding above the 1.1600 mark but unable to extend gains beyond an intraday peak in the 1.1660 region. The pair is hovering around 1.630 in the American afternoon, lacking a clear bias.
Forex Today: Australian inflation comes to the fore
The US Dollar (USD) reversed its prior gains and came under some modest downside pressure on Tuesday, as market participants shifted their attention to another bout of the Trump-Fed spat ahead of the release of key inflation data toward the end of the week.
Dollar weakness pressures USD/JPY as Fed jitters grow
Following Monday's decent gains, USD/JPY faces renewed downside pressure on turnaround Tuesday, coming all the way down to retest the 147.00 region, where some decent contention seems to have turned up.
AUD/USD nears recent peak above 0.6500 amid a better market mood
Generally encouraging United States data revived optimism among market players.
Donald Trump vows new tariffs, more jobs, and lower Crude Oil prices
United States (US) President Donald Trump struck a mix of new and familiar talking points during a cabinet meeting on Tuesday.
France's government faces collapse and markets react - ABN AMRO
Yesterday, French Prime Minister François Bayrou announced that a no-confidence vote will be held on September 8th. This comes in the wake of the ongoing political impasse, a phenomenon we have been highlighting for some time, ABN AMRO's Senior Fixed Income Strategist Sonia Renoult reports.
BoE's Mann: A more persistent hold on the bank rate is appropriate right now
Catherine Mann, a member of the Bank of England's Monetary Policy Committee (MPC), said on Tuesday that the bank rate should be held persistently to lean against inflation risks. She added that she was ready to cut rates more forcefully if downside risks to growth materialise.
USD/JPY recovers above 147.50 as markets focus on Trump-Fed feud
USD/JPY lost its traction and declined below 147.00 after posting strong gains on Monday. Although the pair recovers above 147.50 region in the second half of the day on Tuesday, it remains in negative territory.
EUR/USD regains traction near 1.1650, focus stays on US docket
The Euro (EUR) is clawing back ground on Tuesday, with EUR/USD rebounding after Monday's hiccup and edging toward the 1.1650 area. Continued upside could put a test for the monthly highs near 1.1740 (August 22) back on the radar.
GBP/USD recovers toward 1.3500 ahead of US consumer sentiment data
Following Monday's bearish action, GBP/USD stages a rebound on Tuesday. At the time of press, the pair was up 0.25% on the day at 1.3485.
Gold picks up pace, retargets $3,400 on USD selling
Gold prices are climbing again, snapping Monday's brief dip and pushing back toward the key $3,400 per ounce level.
EUR up modestly and outperforming G10 - Scotiabank
The Euro (EUR) is up 0.2% against the US Dollar (USD) and outperforming all of the G10 currencies in quiet trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
CAD quiet ahead of Macklem speech - Scotiabank
The Canadian Dollar (CAD) is trading in a tight range and entering Tuesday's NA session with a marginal gain against the US Dollar (USD)
CAD steady ahead of BoC Gov. Macklem speech - Scotiabank
The US Dollar (USD) is soft but overall movement remains limited as G10 currencies respond to news of President Trump's moves to fire Fed Gov, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
AUD/USD edges up to near 0.6500 ahead of US Durable Goods Orders data
The AUD/USD pair ticks higher to near the psychological level of 0.6500 during the European trading hours on Tuesday.
EUR/GBP Price Forecast: Euro reversal brings 0.8600 support area into focus
The Euro posted a significant reversal from the 0.8670 area on Monday, printing a bearish engulfing candle on the daily chart. This figure has strongly negative connotations and has shifted the pair's focus towards the key support area around 0.8600.
US Consumer Confidence Preview: Some weakness could emerge in August
The United States (US) will see the release of the August Conference Board's Consumer Confidence Index on Tuesday. The report is a monthly survey conducted by the Conference Board that gathers information on consumer behaviour, expectations, purchasing intentions, and vacation plans.
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