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The US Dollar Index finds support from positive signals toward a possible resolution of the Ukraine-Russia war. President Trump has begun preparatory steps for a trilateral meeting with Russian President Putin and Ukrainian President Zelenskyy. CME’s FedWatch tool shows markets are pricing an 84% probability of a 25-basis-point Fed rate cut in September. The US…

Copper market refocuses on fundamentals after US tariffs Source link

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1359 as compared to the previous day’s fix of 7.1322 and 7.1846 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate…

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Asia FX, dollar subdued as investors weigh Fed cut bets, geopolitical risks Source link

NZD/USD attracts some buyers as the upbeat market mood benefits the risk-sensitive Kiwi. A modest USD uptick caps the currency pair amid bets for another RBNZ rate cut this week. The Jackson Hole Symposium will also be looked for Fed rate cut cues and a fresh impetus. The NZD/USD pair gains some positive traction at…

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