Trading news

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is continuing to gain ground for the fourth successive session and trading around 98.70 during the Asian hours on Tuesday.

Gold prices remained broadly unchanged in India on Tuesday, according to data compiled by FXStreet.

Gold price (XAU/USD) struggles to attract any meaningful buyers during the Asian session on Tuesday and remains within striking distance of a nearly three-week low, around the $3,300 neighborhood, touched the previous day.

The EUR/JPY cross extends the previous day's retracement slide from the vicinity of the 174.00 mark, or a fresh one-year high, and drifts lower for the second consecutive day on Tuesday. Spot prices drop to the 171.80 region during the Asian session and seem vulnerable to slide further.

The GBP/USD pair extends its losing streak for the fourth successive session, trading around 1.3340 during the Asian hours on Tuesday. The bearish bias prevails as the daily chart’s technical analysis suggests that the pair remains within the descending channel pattern.

Silver price (XAG/USD) trades cautiously near its weekly low around $38.00 during the Asian trading session on Tuesday.

EUR/USD moves little after registering more than 1% losses in the previous session, trading around 1.1590 during the Asian hours on Tuesday. The pair faced challenges as the US Dollar (USD) rose on trade optimism, driven by the trade deal between the United States (US) and the European Union (EU).

USD/CAD halts its three-day winning streak, trading around 1.3740 during the Asian hours on Tuesday. The pair may further appreciate as the Canadian Dollar (CAD) could struggle amid rising tariff uncertainty between the United States (US) and Canada.

The NZD/USD pair rebounds a few pips from a one-week trough touched during the Asian session on Tuesday and climbs to the 0.5975 region in the last hour. Spot prices, for now, seem to have snapped a three-day losing streak, though any meaningful recovery seems elusive.

In a Fox News interview early Tuesday, US Commerce Secretary Howard Lutnick said that President Donald “Trump is expected to impose tariffs on other nations by end of week.”

West Texas Intermediate (WTI) US Crude Oil prices edged lower during the Asian session on Tuesday and eroded a part of the previous day's strong gains to over a one-week high. The commodity currently trades just below mid-$66.00s, down 0.40% for the day, though the downside seems cushioned.

US Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng held trade talks on Monday at the Swedish Prime Minister’s office in Stockholm.

AUD/USD edges higher after registering losses in the previous three sessions, trading around 0.6520 during the Asian hours on Tuesday. The pair faced challenges as the US Dollar (USD) rose on the trade deal between the United States (US) and the European Union (EU).

The USD/JPY pair attracts buyers for the fourth consecutive day and climbs to a one-and-a-half-week high, around the 148.70 area during the Asian session on Tuesday.

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1511 as compared to the previous day's fix of 7.1467.

GBP/USD caught another leg lower to start the new trading week, falling for a third straight session and tumbling back below the 1.3400 handle, hitting a ten-week low in the process.

United Kingdom BRC Shop Price Index (YoY) came in at 0.7%, above forecasts (0.2%) in July

The EUR/USD dropped more than 1% on Monday as investors bought the Dollar on news that the United States (US) and the European Union (EU) had reached a trade agreement, similar to the one inked by Japan. The pair trades at 1.1590 after reaching a high of 1.1771.

The Canadian Dollar (CAD) pared further gains on Monday, marking the start of the new trading week with a renewed decline against the US Dollar (USD).

AUD/USD is trading lower after failing to hold above the 0.6600 psychological level, slipping back toward support following a sharp rejection at the recent high of 0.6625.