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AUD/USD struggles above 0.6600, as RBA rate decision looms

AUD/USD struggles above 0.6600, as RBA rate decision looms

AUD/USD is trading close to 0.6600, resuming its losing streak early Tuesday. The US Dollar attempts a bounce and weighs down on the pair. Traders turn cautious ahead of the Reserve Bank of Australia interest rate decision and Governor Bullock’s press conference. 

AUD/USD News

USD/JPY drops to 157.50 after BoJ Ueda's hawkish remarks

USD/JPY drops to 157.50 after BoJ Ueda's hawkish remarks

USD/JPY has come under fresh selling pressure, testing 157.50 in Tuesday's Asian trading. BoJ Governor Ueda's hawkish comments put a fresh bid under the Japanese Yen, dragging USD/JPY lower. A tepid US Dollar rebound could cap the downside. US Retail Sales data eyed. 

USD/JPY News

Gold price slumps on risk aversion, high US yields

Gold price slumps on risk aversion, high US yields

Gold price retreated on Monday due to rising US Treasury bond yields after Federal Reserve officials decided to keep rates unchanged and revised their expectations on rate cuts from three to one later in the year. Therefore, the XAU/USD trades around $2,317, after retreating from the daily high of $2,332.

Gold News

Binance faces backlash following announcement to delist FET

Binance faces backlash following announcement to delist FET

Binance released an announcement stating it will delist FET, stirring FUD among holders. FET experienced a heavy price drop following the announcement, with crypto community members criticizing Binance. FET is down 8% following the announcement.

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RBA set to hold interest rate steady, Bullock likely to retain hawkish rhetoric

RBA set to hold interest rate steady, Bullock likely to retain hawkish rhetoric

The Reserve Bank of Australia is unlikely to give into the pressure of a dovish policy pivot, as adopted by the Bank of Canada and the European Central Bank when it concludes its policy meeting on Tuesday.

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