The USD/JPY pair edges higher to around 159.85 during the early European trading hours on Tuesday.
The EUR/USD pair struggles to capitalize on the overnight bounce from the 100-day Simple Moving Average (SMA), near the 1.1575-1.1580 region, or a one-and-a-half-week low, and drifts lower during the Asian session on Tuesday.
The AUD/JPY cross trades in a positive territory near 114.60 during the early European session on Tuesday. Stronger-than-expected Chinese economic data provides some support to the China-proxy Australian Dollar (AUD) against the Japanese Yen (JPY).
Gold (XAU/USD) struggles to capitalize on the previous day's bounce from sub-$4,400 levels, or a one-and-a-half-week low, and attracts fresh sellers during the Asian session on Tuesday.
EUR/JPY inches lower after registering gains in the previous day, trading around 185.50 during Asian hours on Tuesday.
A senior official from Japan’s Ministry of Finance on Tuesday declined to comment on recent foreign exchange shifts, adding that expected the Bank of Japan (BoJ) to steer monetary policy aligned with the economy, not influenced by the United States.
Silver price (XAG/USD) trades in a tight range at around $66.67 during the Asian trading session on Tuesday. The white metal consolidates as investors await the United States (US) ISM Manufacturing PMI data for August and the JOLTS Job Openings data for July, which will be published at 14:00 GMT.
NZD/USD depreciates after posting minor gains in the previous day, trading around 0.5910 during the Asian hours on Tuesday.
Japanese Finance Minister (FM) Satsuki Katayama said Tuesday that he confirmed with US Treasury Secretary Scott Bessent that continued, coordinated action on FX is needed.
AUD/USD gains ground for the second consecutive day, trading around 0.7170 during the Asian hours on Tuesday.
The GBP/USD pair trades with mild losses around 1.3550 during the early Asian trading hours on Tuesday. The US Dollar (USD) edges higher against the British Pound (GBP) amid ongoing Middle East tensions and Federal Reserve (Fed) Chair Kevin Warsh's hawkish remarks at the Jackson Hole symposium.
The USD/JPY pair holds steady below the 160.00 psychological mark during the Asian session on Tuesday and remains close to a one-month peak, which was retested the previous day.
China's RatingDog Manufacturing Purchasing Managers' Index (PMI) climbed to 51.5 in August from 50.9 in July the latest data published by RatingDog showed on Tuesday. The market forecast was for a 50.9 reading.
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7809 compared to the previous day's fix of 6.7828 and 6.7170 Reuters estimate.
The USD/CAD pair is hovering around mid-1.3800s during the Asian session on Tuesday, though the lack of follow-through selling warrants caution before positioning for an extension of the previous day's retracement slide from an over two-week top.
West Texas Intermediate (WTI) oil price gains ground for the second successive day, trading around $85.60 per barrel during the Asian hours on Tuesday.
The EUR/USD pair trades with mild gains around 1.1620 during the early Asian session on Tuesday. The US Dollar (USD) strengthens against the Euro (EUR) despite a hawkish Jackson Hole speech from Federal Reserve (Fed) Chair Kevin Warsh.
The United Kingdom Maritime Trade Operations (UKMTO) said on Monday that a tanker has reported being struck by three projectiles while sailing out of the Strait of Hormuz, Reuters reported.
Gold price (XAU/USD) declines to near $4,445 during the early Asian trading hours on Tuesday. The precious metal loses momentum as ongoing tensions in the Middle East stoked concerns about inflationary pressures that could make the Federal Reserve hike interest rates.
The Aussie Dollar traded sideways on Monday, unchanged at 0.7165, as a jump in energy prices sparked by the Middle East conflict pushed US Treasury yields higher, but not the Greenback.
GBP/USD trades near 1.3550 on Monday, a fraction higher on the session after three consecutive declines took the pair more than a cent off the six-month high just short of 1.3700.
USD/JPY trades a little beneath 160.00 on Monday, down around 0.2% after an early push above the handle was sold back inside the session. The 50-day Exponential Moving Average (EMA) sits directly on 160.00 and has been descending since the late-July intervention, while the 200-day sits on 158.00.
NZD/USD trades a little above 0.5900 on Monday, barely changed on the session and around seventy pips beneath the late-August peak that stalled just short of 0.6000.
GBP/JPY trades flattish for the third straight day as buyers have failed to decisively crack the 217.00 level, which could open the door to further upside. This pushed the cross-pair to the mid-point of the trading range of 216.08-216.85,
The NZD/USD pair is poised to finish Monday’s session virtually unchanged near its opening price, despite a modest 0.08% gain as the US Dollar (USD) weakens amid rising tensions in the Middle East. The pair trades above 0.5900.
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Japanese Yen (JPY) is modestly stronger versus the US Dollar (USD), helped by upbeat domestic data including robust retail sales and industrial production.
US President Donald Trump said on Monday that strikes on Iran will be limited, following a previous story reported by Axios, which said that he and his senior aides are considering waging limited strikes in Hormuz to prevent Iran from reconstituting its radar and missile capabilities to attack ships
The Dow Jones Industrial Average closed just short of 53,300, roughly 250 points and about 0.5% lower, after American forces struck two Iranian rocket launchers on Larak Island and Tehran answered with missile and drone attacks on bases in Jordan and the United Arab Emirates.
The Mexican Peso (MXN) appreciates by about 0.20% against the US Dollar (USD) on Monday, even as risk appetite deteriorated amid the escalation of the US-Iran conflict, which triggered a jump in energy prices.
Commerzbank’s Dr. Henry Hao argues that two months of broad Purchasing Managers' Index (PMI) contraction leave China’s Gross Domestic Product (GDP) growth tracking below the official 4.5%-5.0% target, intensifying pressure on Beijing.
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