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AUD/USD holds steady below 0.6700 after RBA Minutes
AUD/USD is trading flat below 0.7000, a little impressed by the hawkish Minutes of the RBA's May policy meeting. Souring risk sentiment also keep the recovery attempts elusive in the Aussie pair ahead of more Fedspeak.
USD/JPY extends gains to near 156.50, tracking positive US yields
USD/JPY is extending previous gains to test 156.50, despite the comments from Japan's Finance Minister Shunichi Suzuki. The pair stays supported amid an uptick in the US Treasury bond yields and the US Dollar after Fed officials adopted a cautious stance on the inflation and policy outlook.
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Editors’ Picks
Gold price extends its upside as investors bet on rate cuts
Gold price extends the rally on Tuesday after retracing from a record high earlier. The renewed gold demand is bolstered by higher bets on interest rate cuts from the US Federal Reserve, ongoing geopolitical tensions, along with the strong demand stemming from central banks and Asian buyers.
New York Attorney General reaches $2 billion settlement with Genesis after claims of fraud
After a lawsuit filed by the New York Attorney General against crypto lender Genesis in late 2023, the company reached a settlement of $2 billion with the AG on Monday.
The market-moving data this week comes from everywhere other than the US
The market-moving data this week comes from everywhere other than the US. We get inflation from the UK, Canada, and Japan, possibly shifting central bank outlooks. The Fed releases FOMC minutes on Wednesday. And we get a slew of PMI’s on Thursday.