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AUD/USD consolidates latest gains below 0.6550 after RBA Governor Bullock's press conference early Tuesday. The Aussie's uptick was driven by the RBA's surprise policy decision. The RBA left the Official Cash Rate (OCR) unchanged at 3.85% after concluding its July policy meeting.
EUR/USD climbs to near 1.1750 as tariffs uncertainty downs the US Dollar
EUR/USD stays firm near 1.1750 in the European session on Tuesday. The pair is helped by renewed US Dollar weakness amid uncertainty around US President Trump's tariff plans. Additionally, optimism surrounding a likely EU-US trade deal underpins EUR/USD.
Gold price drifts lower as reduced Fed rate cut bets offset trade jitters
Gold price attracts fresh sellers amid diminishing odds for a rate cut by the Fed in July. Concerns about the economic fallout from Trump’s tariffs weigh on investors’ sentiment. The emergence of some USD weakness might contribute to limiting losses for the XAU/USD pair.
Ripple CEO to speak on need for crypto market structure legislation ahead of Crypto Week
Ripple CEO Brad Garlinghouse announced on Monday that he will address the Senate Banking Committee on the need to pass the crypto market structure legislation ahead of the House's Crypto Week, scheduled for next week.
Eurozone Retail Sales drop in May, confirming second quarter weakness
The -0.7% month-on-month decline in retail sales coincided with a -0.3% decline in overall services activity in April. While surveys had previously indicated potential weakness in eurozone services for the second quarter, this concrete data confirms our expectations that GDP growth between April and June may have been negative.