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AUD/USD eyes multi-month low on US-China trade war concerns
AUD/USD remains under heavy selling pressure for the second straight day and dives back closer to a multi-month low during the Asian session on Tuesday. Trump's threatened tariffs on China undermine the China-proxy Aussie amid a softer risk tone.
USD/JPY extends its consolidative price move around 154.00
USD/JPY remains confined in a familiar range as traders seem reluctant amid mixed fundamental cues. The uncertainty over the timing and pace of interest rate hikes by the BoJ, the recent surge in the US bond yields and the risk-on mood undermine the JPY.
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Gold rebounds from one-week low; finds support ahead of $2,600
Gold price dropped to a one-week low during the Asian session on Tuesday, albeit finds some support in the vicinity of the $2,600 mark. The prevalent risk-on environment, along with bets for slower Fed rate cuts and elevated US bond yields, drives flows away from the safe-haven XAU/USD and supports prospects for further losses.
Ripple's XRP eyes $1.96 after WisdomTree files for XRP ETF in the US
Ripple's XRP surged over 7% on Monday and aims to stage a rally toward its April 2021 high after WisdomTree registered for an XRP ETF in the US state of Delaware on Monday.
Crypto Today: ADA, AVAX, TON in profit as BTC stalls at $100K
Altcoin market updates: ADA, AVAX, TON emerge as top gainers While BTC has stagnated on Monday, traders are redirecting capital toward mid-cap assets, driving the likes of Cardano (ADA), Avalanche (AVAX) and Toncoin (TON) above key resistance levels.