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China's Xi: We are willing to keep close high-level exchanges with Russia
Chinese leader Xi Jinping welcomed Russian President Vladimir Putin as an "old friend" as the two began bilateral talks in Beijing, Bloomberg reported on Tuesday.
Forex Today: Gold notches new record-high, focus shifts to US data
Here is what you need to know on Tuesday, September 2:
AUD/JPY Price Forecast: Retains bullish bias, first upside target emerges near 97.00
The AUD/JPY cross attracts some buyers around 96.80 during the early European session on Tuesday. The Japanese Yen (JPY) softens against the Australian Dollar (AUD) amid the uncertainty over the likely timing of the next interest rate hike by the Bank of Japan (BoJ).
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Tuesday, early in the European session. WTI trades at $64.69 per barrel, up from Monday's close at $64.42.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $68.05 price posted on Monday, and trading at $68.34.
ECB's Schnabel: Rates are already mildly accommodative
European Central Bank (ECB) board member Isabel Schnabel said on Tuesday that the interest rates are already mildly accommodative, adding that she does not see a reason for a further rate cut.
GBP/JPY revisits 200.00 as Japanese Yen underperforms across the board
The GBP/JPY pair reclaims the psychological level of 200.00 during the Asian trading session on Tuesday. The pair strengthens as the Japanese Yen (JPY) underperforms across the board amid growing uncertainty about whether the Bank of Japan (BoJ) will hike interest rates again this year.
Japan's Himino says will watch the certainty of outlook and risks for rate hike
Bank of Japan (BoJ) Deputy Governor Himino said on Tuesday that he needs to be wary of the outlook and risks for the next rate hike.
WTI Price Forecast: Climbs to one-week high; bulls await move beyond $65.00 mark
West Texas Intermediate (WTI) US Crude Oil prices edge higher for the second straight day - also marking the fourth day of a positive move in the previous five - and climb to an over one-week high during the Asian session on Tuesday.
USD/CHF drifts higher above 0.8000 as US ISM Manufacturing PMI looms
The USD/CHF pair edges higher to around 0.8015 during the early European session on Tuesday, bolstered by a modest rebound in US Dollar (USD). Nonetheless, potential upside for the pair might be limited amid rising bets of the US Federal Reserve (Fed) rate cut.
USD/INR opens flat ahead of US ISM Manufacturing PMI
The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Tuesday. The USD/INR pair trades around 88.25, slightly below the all-time high of 88.50.
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 falls toward 1.3500 amid uncertain Fed policy outlook
GBP/USD retraces its recent gains from the previous session, trading around 1.3520 during the Asian hours on Tuesday.
EUR/JPY climbs to three-week top, around 172.80 area ahead of Eurozone inflation data
The EUR/JPY cross prolongs its uptrend for the fourth consecutive day and climbs to a nearly three-week peak, around the 172.75-172.80 region during the Asian session on Tuesday.
EUR/USD weakens below 1.1700 as traders brace for US ISM Manufacturing PMI data
The EUR/USD pair loses momentum to around 1.1695, snapping the three-day winning streak during the Asian trading hours on Tuesday, pressured by a firmer US Dollar.
Silver Price Forecast: XAG/USD reaches 14-year highs above $40.50 amid safe-haven demand
Silver price (XAG/USD) trades near $40.85 per troy ounce, the highest since September 2011, which was marked during the Asian hours on Tuesday.
USD/CAD holds ground near 1.3750 as inflation risks add to Fed policy uncertainty
USD/CAD extends its gains for the second successive session, trading around 1.3750 during the Asian hours on Monday.
Japanese Yen slides to nearly one-week low against rebounding USD; downside seems limited
The Japanese Yen (JPY) trades with a negative bias for the third consecutive day against a rebounding US Dollar (USD), lifting the USD/JPY pair to a nearly one-week high, around the 147.65 area during the Asian session on Tuesday.
US Dollar Index recovers above 97.50 ahead of US ISM Manufacturing PMI release
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, recovers some lost ground to near 97.80 during the early Asian trading hours on Tuesday.
Australian Dollar trades flat as traders await clearer signals on Fed policy outlook
The Australian Dollar (AUD) steadies against the US Dollar (USD) following its five-day winning streak. Rising odds of a US Federal Reserve (Fed) rate cut in the September meeting weighed on the US Dollar (USD), which supported the AUD/USD pair.
Japan's Akazawa: Schedule of next US visit not set yet
Japan trade negotiator Ryosei Akazawa said on Tuesday that there has been no date set yet for his next visit to the United States (US). Akazawa added that there is no misunderstanding with the US on trade talks.
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