Forex Today: Markets turn cautious ahead of mid-tier data releases – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies
Following a three-day weekend in the US, trading conditions normalize on Tuesday and markets seem to have adopted a cautious stance. Housing Starts and Building Permits data for May will be featured in the US economic docket. Several Federal Reserve policymakers, including St. Louis Fed President James Bullard and NY Fed President John Williams, will be delivering speeches later in the day.announced that it lowered the benchmark Loan Prime Rates by 10 basis points as expected.
Meanwhile, the Minutes of the Reserve Bank of Australia's June monetary policy meeting revealed that the board considered a rate rise of 25 basis points or holding the policy rate steady and reconsidering an increase at later meeting. Arguments were "finely balanced" but the board decided the case for an immediate hike was stronger, the RBA noted in its publication.came under heavy bearish pressure early Tuesday and was last seen trading deep in negative territory at around 0.6800.
registered small losses on Monday but didn't have a difficult time regaining its traction. In the European morning, the pair continues to edge higher toward 1.0950. Eurostat will release Construction Output data for April later in the session.staged a rebound to the 1.2800 area early Tuesday. On Wednesday, the UK's Office for National Statistics will publish the Consumerclimbed above 142.
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