MYR/TWD Exchange rate

AUD/USD attracts some dip-buying during the Asian session on Tuesday. The initial reaction to Trump's tariff threats turned out to be short-lived amid hopes for trade deals before the August 1 deadline. This leads to a slight improvement in the risk sentiment, which keeps a lid on the recent US Dollar rally to a three-week high and benefits the Aussie.

USD/JPY climbs to the 148.00 neighborhood, during the Asian session amid expectations that the Bank of Japan will forgo raising interest rates in 2025 in anticipation of the economic fallout from higher US tariffs. Hopes that a global trade war would be averted trigger a modest recovery in the risk sentiment and undermine the Japanese Yen.

Gold price gains ground to near $3,350 during the early Asian session on Tuesday. The precious metal edges higher amid safe-haven demand after US President Donald Trump threatened 100% Russia tariffs. All eyes will be on the US Consumer Price Index  inflation data, which is due later on Tuesday. 

Bitcoin marked a new all-time high of $123,091 on Monday following prevailing bullish sentiment in the spot and futures market. Despite the price growth, profit-taking is developing on the side as revealed by a spike in Bitcoin's exchange net inflows.

Which country will be the next to receive a letter from America? US  President Donald Trump has been extending his tariff threats through the weekend. Has the US economy felt the consequences of levies already imposed? These are the topics for another hot summer month.