Market News

The RBA held its cash rate at 4.35 percent as expected, but its statement kept the door open to a future hike if inflation risks build.

This week brings the RBA rate decision, US CPI, PPI, and Retail Sales — a full preview of what forex traders should watch.

Gold broke above $4,300 an ounce, its highest since mid-June, as cooling geopolitical tension and firmer Fed rate-cut bets support the metal.

The dollar edged up from a two-month low as rising oil prices offered support, with this week’s US CPI report now in focus.

The RBA is widely expected to hold its cash rate at 4.35 percent Tuesday, though one major bank still forecasts a hike.

Gold is holding near $4,342 as easing Strait of Hormuz tensions and anticipation of Wednesday’s US CPI report pull the metal in opposite directions.

Japan posted its first current account deficit in 17 months, pushing USD/JPY back above 158.00 on renewed fiscal concerns.

The US Dollar Index rebounded to four-day highs above 103.50, pressuring gold and silver after their post-NFP rally.

The yen’s persistent weakness traces back to widening US-Japan bond yield differentials, a force intervention alone can’t fully offset.

A day-by-day recap of the dollar’s volatile week, from Thursday’s data-driven rally to Friday’s sharp reversal on weak jobs data.