Australian Dollar Struggles Near 0.6520 as Risk Aversion Keeps US Dollar Firm
The Australian Dollar (AUD) continues to face downward pressure against the US Dollar (USD) on Tuesday, extending losses from the previous two sessions. The AUD/USD pair remains under pressure following the release of the Reserve Bank of Australia’s (RBA) July meeting minutes, which indicated a cautious stance on future interest rate cuts. According to the […]
Gold Hovers Below $3,400 as Trade Tensions and Fed Drama Fuel Uncertainty
Gold (XAU/USD) slipped slightly on Tuesday after posting gains over the past two sessions. Despite the pullback, the precious metal remains supported by heightened geopolitical and monetary concerns, particularly as markets brace for the looming August 1 tariff deadline set by US President Donald Trump. The spotlight remains on the ongoing trade talks between the […]
EUR/USD Steady Near 1.1700 as US-EU Trade Tensions Intensify
The EUR/USD pair is holding firm around the 1.1700 level during Tuesday’s Asian session, extending the gains made on Monday. The euro continues to benefit from a pullback in the US Dollar (USD), which weakened following renewed trade tensions between the United States and the European Union. The US Dollar Index (DXY), which measures the […]