Latest Forex News

Gold prices fell in India on Tuesday, according to data compiled by FXStreet.

EUR/JPY appreciates after two days of gains, trading around 185.80 during the Asian hours on Tuesday. Technical analysis of the daily chart indicates the currency cross remains within the ascending channel pattern, signaling an ongoing bullish bias.

The USD/CAD pair sticks to a positive bias for the second straight day and trades around mid-1.3800s during the Asian session on Tuesday.

Reserve Bank of Australia (RBA) Head of Domestic Markets, David Jacobs, said during the Asian trading session on Tuesday that the central bank aims to have a system that can flexibly supply whatever quantity the banking system demands, while keeping the cash rate close to the board’s target.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive day and trading around 99.00 during the Asian hours on Tuesday.

Silver price (XAG/USD) is down 1.6% to near $67.87 during the Asian trading session on Tuesday. The white metal is under pressure as investors turn cautious ahead of the United States (US) Personal Consumer Expenditure Price Index (PCE) data for July, which will be released on Wednesday.

The GBP/USD pair extends its sideways consolidative price move for the second straight day and trades around the 1.3630 area during the Asian session on Tuesday.

NZD/USD gains ground after registering modest losses in the previous day, trading around 0.5960 during the Asian hours on Tuesday.

Gold (XAU/USD) faces rejection ahead of the $4,700 mark on Tuesday and witnessed an intraday turnaround from its highest level since May 14, touched during the Asian session.

Japan Finance Minister (FM) Satsuki Katayama said in the Asian trading session on Tuesday that the government aims to balance fiscal sustainability and economic growth and communicate with markets on this stance.

AUD/USD gains ground after registering modest losses in the previous day, trading around 0.7150 during the Asian hours on Tuesday.

West Texas Intermediate (WTI) oil price appreciates after registering over 2% losses in the previous day, trading around $84.70 per barrel during the Asian hours on Tuesday.

Reserve Bank of Australia (RBA) published the Minutes of its July monetary policy meeting on Tuesday, with the key takeaways noted below.

Iranian Economy Minister Ali Madanizadeh said on Tuesday, "We are fully prepared for the US sanctions."

The USD/JPY pair is seen oscillating in a narrow band just above the 159.00 mark during the Asian session on Tuesday, awaiting a fresh catalyst before the next leg of a directional move.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7852 compared to the previous day's fix of 6.7841 and 6.7219 Reuters estimate.

EUR/USD inches higher after posting minor losses in the previous day, trading around 1.1670 during the Asian hours on Tuesday. The pair finds support as rising oil prices, elevated bond yields, and escalating Middle East tensions drive Eurozone inflation concerns.

The Australian Dollar began the week on a lower note, trading with a 0.28% loss against the Greenback as risk appetite soured after the US Department of the Treasury imposed sanctions on Iran-linked entities. At the time of writing, the pair trades at 0.7159

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a downside bias on USD/CNH after the pair dipped to 6.7180 and closed near 6.7210.

The EUR/JPY trades horizontally on Monday as market participants remain reluctant to push the cross higher amid fears of potential intervention by Japanese authorities, even though they have remained shut following the coordinated action by the US and Japan.

The GBP/JPY consolidates near familiar levels around 217.00 on Monday, as risk aversion dominates markets, with flows moving into haven assets like the US Dollar and Gold amid uncertainty over the Middle East conflict.

OCBC’s Sim Moh Siong and Christopher Wong note that South Korean Won (KRW) has extended its rally, with USD/KRW briefly touching 1380 on exporter and corporate US Dollar (USD) selling and a softer USD backdrop.

Dollar-Yen holds near 159.00 into the North American afternoon, marginally higher on the day inside a range of roughly three quarters of a Yen between the 158.50 area and a high short of 159.50.

The shared currency registers minimal losses of 0.13% versus the US Dollar as EUR/USD fails to surpass 1.1700, exacerbating the drop towards the 1.1660 area, despite retaining its current neutral-to-upward bias.

The New Zealand Dollar (NZD) is holding firm against the US Dollar (USD) at the time of writing, with NZD/USD consolidating near its recent multi-month highs, just south of the 0.6000 handle.

Sterling holds just above 1.3600 into the North American afternoon, marginally lower on the day and inside a range of barely 35 pips, having printed a five-month high short of 1.3700 late last week.

The US Dollar (USD) is grinding higher against the Japanese Yen (JPY) at the time of writing, with USD/JPY holding north of the 159.00 mark.

DBS Group Research economist Chua Han Teng reviews Prime Minister Lawrence Wong’s National Day Rally 2026, highlighting policy themes rather than markets.

Brown Brothers Harriman’s (BBH) Elias Haddad expects the Bank of Thailand (BoT) to hold rates at 1.00%, leaving negative real yields that keep Thai Baht (THB) lagging. The Bank of Korea (BoK) is seen hiking again to 3.00%, supporting South Korean Won (KRW) as growth and inflation exceed targets.

The Mexican Peso (MXN) loses ground against the Greenback on Monday, even though economic data showed that inflation accelerated in the first half of August, while economic growth was softer than expected. Consequently, the USD/MXN pair trades with gains of over 0.25% to 16.96.