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AUD/USD holds lower ground below 0.6550 amid risk aversion
AUD/USD is holding lower ground below 0.6550 in Asian trading on Tuesday. Broad risk-aversion-led US Dollar uptick and mixed Australian housing data weigh on the pair. The focus now shifts to top-tier US jobs data ahead of Wednesday's Australian CPI data.
USD/JPY remains on the defensive below 154.00, Fed/BoJ rate decision in the spotlight
The USD/JPY pair trades on a weaker note near 153.90 during the early Asian session on Tuesday. The pair trims gains after retreating from 153.35 amid the risk-off mood and rising speculation of a rate hike by the Bank of Japan.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold price languishes around $2,380, looks to Fed decision for fresh impetus
Gold price struggled to find acceptance above the $2,400 mark and attracted some intraday sellers on Monday amid a strong pickup in US Dollar demand. Apart from this, the risk-on impulse was seen as another factor exerting some downward pressure on the safe-haven precious metal.
Ethereum could be attractive to investors again amid consolidative move
Ethereum ETFs launch has attracted increased investors’ interest to Layer 1 protocols. Ethereum falls to number five among top fee generating protocols. Ethereum may continue trading horizontally until Grayscale ETHE outflows cool.
Getting ready for central bank risk later in week
We’re seeing some attempts at a recovery in risk assets, though it’s been a tough and slow go thus far. The US Dollar has been in the driver’s seat as global sentiment remains subdued.