Trading news

The AUD/JPY cross loses momentum to near 103.20 during the Asian trading hours on Tuesday. The Australian Dollar (AUD) edges lower against the Greenback after the Reserve Bank of Australia (RBA) interest rate decision.

The AUD/NZD pair falls sharply to near 1.1440 as the Reserve Bank of Australia (RBA) has kept its Official Cash Rate (OCR) steady at 3.6%. The RBA was expected to do so as inflation in Australia grew at a faster pace in the third quarter of the year.

Australia RBA Interest Rate Decision in line with forecasts (3.6%)

Indonesia Consumer Confidence climbed from previous 121.2 to 124 in November

The USD/CAD pair struggles to capitalize on the previous day's goodish recovery from the 1.3800 mark, or its lowest level since September 22, and edges lower during the Asian session on Tuesday.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.65 during the Asian trading hours on Tuesday. The WTI price edges lower as Iraq restores production at one of its oilfields.

US President Donald Trump on Monday threatened to impose ‌a 5% tariff on Mexico if it doesn't immediately provide additional water to help US farmers, accusing the country of violating a decades-old treaty that grants US farmers access to water from the Rio Grande, Reuters reported on Tuesday. 

The Australian Dollar (AUD) consolidates against its American counterpart during the Asian session on Tuesday and, for now, seems to have stalled the previous day's modest pullback from its highest level since September 18.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 7.0773 compared to the previous day's fix of 7.0764.

The NZD/USD pair declines to around 0.5775 during the early Asian session on Tuesday. The US Dollar (USD) strengthens against the New Zealand Dollar (NZD) as markets brace for a hawkish cut from the US Federal Reserve (Fed) on Wednesday.

Australia National Australia Bank's Business Confidence declined to 1 in November from previous 6

Australia National Australia Bank's Business Conditions fell from previous 9 to 7 in November

Japan Money Supply M2+CD (YoY) up to 1.8% in November from previous 1.6%

Gold Price (XAU/USD) trades in negative territory around $4,195 during the early Asian session on Tuesday. The precious metal edges lower amid concerns that the US Federal Reserve (Fed) will adopt a hawkish tone in its rhetoric, despite delivering a rate cut on Wednesday. 

GBP/USD found little momentum on either side of the line on Monday, with the Cable pair churning chart paper just north of the 1.3300 handle to kick off a fresh trading week.

US President Donald Trump said that he will impose severe tariffs on fertilizer from Canada if he deems it necessary in order to bolster domestic production, Reuters reported on Monday.

The USD/JPY pair attracts some buyers to near 155.95 during the early Asian session on Tuesday. The Japanese Yen (JPY) weakens against the US Dollar (USD) as traders assess the potential impact of a strong earthquake in Japan.

EUR/USD slides 0.05% as the week begins, courtesy of broad US Dollar strength, amid choppy trading as traders brace for the Federal Reserve monetary policy decision. At the time of writing, the pair trades at 1.1637 after hitting a daily high of 1.1672.

The Reserve Bank of Australia (RBA) is on track to leave the Official Cash Rate (OCR) unadjusted at 3.6%, following the conclusion of its December monetary policy meeting on Tuesday.

Gold (XAU/USD) retreats on Monday as traders brace for the Federal Reserve (Fed) meeting, where the central bank is expected to deliver its third consecutive rate cut, ahead of 2026. At the time of writing, XAU/USD trades at $4,195, down 0.27%, after hitting a daily high of $4,219,.