USD/BRL Exchange rate

The EUR/USD pair trades calmly around 1.1670 during the Asian trading session on Tuesday. The major currency pair oscillates in a limited range, with investors awaiting fresh development on trade negotiations between the United States and the European Union.

The GBP/USD pair consolidates near the 1.3430-1.3435 region, just above a three-week low touched during the Asian session on Tuesday as traders keenly await the release of the US consumer inflation figure. Meanwhile, the fundamental backdrop seems tilted in favor of bears and suggests that the path of least resistance for spot prices is to the downside.

Gold price regains positive traction amid a modest USD pullback from a multi-week high. Persistent trade-related uncertainties also lend support to the safe-haven precious metal. Reduced Fed rate cut bets might cap the commodity ahead of the critical US CPI report.

Bonk continues its bullish momentum, extending gains, trading around $0.000027 on Tuesday after rallying almost 20% the previous week. On-chain and derivatives data paint a bullish picture as BONK’s launchpad has collected the highest weekly revenue, and Open Interest reaches its yearly high.

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.