Austria UniCredit Bank Manufacturing PMI climbed from previous 54.4 to 54.9 in September

FXStreet Team FXStreet

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

AUD/USD holds steady above 0.7000 as traders await RBA rate decision

AUD/USD extends its consolidative price move through the Asian session on Tuesday, trading just above 0.7000 ahead of the RBA rate decision. Meanwhile, the US Dollar sits near a two-month high as oil-driven inflation fears reaffirm Fed hike bets and continue to push US bond yields to multi-year highs. Moreover, the US-Iran standoff underpins the safe-haven buck and caps the currency pair.

USD/JPY consolidates near 157.50 as a bullish USD counters intervention risks

USD/JPY struggles to capitalize on the overnight bounce from a one-week low, consolidating around mid-157.00s during the Asian session on Tuesday. Trump's concerns about the Japanese Yen's weakness fueled speculation about another US-Japan joint intervention. This, along with the hawkish BoJ, underpins the JPY and caps the currency pair. Meanwhile, rising Fed rate-hike bets and oil-driven inflation fears continue to push US bond yields to multi-year highs, keeping the US Dollar pinned near a two-month high and supporting spot prices.

Gold bears await $4,100 break amid Fed hike bets and surging US bond yields

Gold consolidates the previous day's heavy losses to its lowest level since August 5, awaiting a break below $4,100 before the next leg down. Oil-driven inflation fears reaffirm bets of another Fed rate hike in October and continue to push US bond yields to multi-year highs, undermining the non-yielding bullion. Moreover, geopolitical risks help the US Dollar stand firm near a two-month high, which, in turn, favors XAU/USD bears.

HBAR, QNT rally as AI safety and tokenized deposits fuel institutional momentum

Hedera (HBAR) and Quant (QNT) are among the crypto market’s strongest performers on Monday, as fresh developments around artificial intelligence (AI) and tokenized banking drive renewed institutional attention. HBAR briefly surged above $0.130 before settling around $0.123, gaining 30% over the past 24 hours.

The week ahead: A key moment for the global economy as threats rise

UK diesel hits a record, as economic concerns rise. The market expects an aggressive Fed rate hiking cycle, but is it necessary? Oil supply concerns ease, even as oil prices rise. What’s next for the AI trade.

Fed vs BoJ: Both hiked. The market only believes one of them – and the chart shows which

The Fed and the BoJ have just done something remarkably similar. Both central banks raised interest rates by 25 bps last week, both are confronting inflation risks, and both signal that future decisions will depend on incoming economic data.