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AUD/USD: Rebound remains capped at 0.6200 despite gradual US tariff plan
AUD/USD stalls the overnight bounce to near 0.6200 despite reports of gradual Trump tariffs boost investors' sentiment and weigh on the US Dollar. Bets that the Fed will pause its rate-cutting cycle, the RBA's dovish shift, China's economic woes and geopolitical risks act, however, remain a headwind for the Aussie.
USD/JPY volatile within range below 158.00 after BoJ Himino's comments
USD/JPY is seeing a volatile Asian session below 158.00 on Tuesday, courtesy of a dovish commentary from BoJ Deputy Governor Himino as he ruled out a rate hike later this month. However, a negative sentiment on Japanese stocks and a broad US Dollar retreat drag the pair lower.
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Editors’ Picks
Gold price regains positive traction amid retreating US bond yields, softer USD
Gold price attracts some dip-buyers during the Asian session on Tuesday and reverses a part of the previous day's retracement slide from a one-month top. Reports that Trump's top economic advisers are mulling a slow ramp-up in tariffs to avoid a sudden spike in inflation trigger a pullback in the US bond yields, which keeps the USD bulls on the defensive and benefits the XAU/USD.
Crypto Today: BTC price plunges 4%, Litecoin X account hacked; traders position for US inflation report
The cryptocurrency sector plunged by 5% on Monday, with over $148 billion wiped off the aggregate market capitalization. Bitcoin price dropped below $90,600 for the first time in 24 days, as traders anticipate the upcoming US CPI report.
Bitcoin falls below $92,000 as exchanges show overheating conditions
Bitcoin (BTC) continues its ongoing correction, falling below $92,000 on Monday after declining almost 4% last week. CryptoQuant data shows that BTC is overheating in exchanges and suggests further decline ahead.