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AUD/USD bounces from fresh weekly low, trades below 0.6500
Demand for the US Dollar soared on Tuesday amid escalating tensions between Israel, Iran and now the United States. The AUD/USD pair fell alongside Wall Street, trading below 0.6500 in the early Asian session.
GBP/USD plummets, nears 1.3400 as sentiment sours
GBP/USD nears the 1.3400 level ahead of Tuesday's close, its lowest in three weeks. The risk-averse market atmosphere amid Middle East tensions fueled by US President Trump's comments helps the USD stay resilient against its peers ahead of the Fed's and BoE's decisions.
Gold holds firm below $3,400 as strong Dollar defies global turmoil
Gold prices retreated below the $3,400 level on Tuesday despite deteriorating risk appetite as overall US Dollar strength drove the yellow metal lower. Nevertheless, the escalation of the Israel–Iran conflict would likely underpin the precious metal due to its safe-haven appeal.
Ondo Finance rolls out Global Markets Alliance to advance tokenized securities
ONDO saw double-digit losses on Tuesday despite Ondo Finance's announcement that it has launched the Global Markets Alliance, comprising crypto wallet providers, exchanges, and institutional custodians to improve the adoption of tokenized real-world assets.
Chinese data suggests economy on track to hit 2025 growth target
China's May data was mixed with strong retail sales, but soft readings on fixed-asset investment and property price. Overall, though, data suggests that China remains on track to achieve its growth target in the first half of 2025.
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