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AUD/USD steady around 0.6640 ahead of Aussie’s inflation data
The Australian Dollar registered minuscule losses against the US Dollar on Tuesday amid higher US Treasury yields. A softer-than-expected US 5-year Treasury note auction boosted the Greenback, which posed gains versus most other currencies. As the Asian session begins, the AUD/USD trades at 0.6649.
EUR/USD churns chart paper but makes little progress ahead of Wednesday’s German CPI inflation
EUR/USD rose to an intraday high near 1.0890 on Tuesday before market flows dragged the pair back down to familiar levels near 1.0860, and the pair is holding on-balance as Euro traders head into a fresh print of German Consumer Price Index inflation.
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Editors’ Picks
Gold shines bright and hits three-day high despite Fed hawkish commentary
Gold price was modestly up late in the North American session, registering gains of around 0.15% amid high US Treasury bond yields that make it less appealing to hold the non-yielding metal. Consequently, the Greenback erased its previous losses, capping Gold’s rally. The XAU/USD trades around $2,357.
Ethereum follows sideways trend as ETH community favors 'programmable money' slogan
Ethereum followed a sideways trend on Tuesday as the crypto community seems to favor the term 'programmable money' as ETH's one-liner. Meanwhile, whales have continued accumulating ETH despite profiting from the recent price spike.
Price inflation isn't an accident; It's a policy
If you listen to government officials and central bankers talk about price inflation, you might think they don’t have the foggiest idea of what caused it. It might have been supply chain problems, or perhaps it was Putin’s fault.