Trading news

In an interview with CNBC on Tuesday, Former St. Louis Federal Reserve Bank President James Bullard said that he spoke with US Treasury Secretary Scott Bessent last week, per Reuters.

The Euro (EUR) edges higher against the US Dollar (USD) on Tuesday, snapping a two-day losing streak after mixed US inflation data for July showed headline figures that matched expectations and came in slightly below forecasts on the annual measure, while core inflation surprised to the upside on bo

United States Redbook Index (YoY) dipped from previous 6.5% to 5.7% in August 8

Germany Current Account n.s.a. up to €18.6B in June from previous €9.6B

United States Consumer Price Index Core s.a up to 328.66 in July from previous 327.6

United States Consumer Price Index Core s.a up to 328.98 in July from previous 327.6

United States Consumer Price Index n.s.a (MoM) registered at 323.048, below expectations (323.17) in July

United States Consumer Price Index (YoY) came in at 2.7%, below expectations (2.8%) in July

United States Consumer Price Index ex Food & Energy (YoY) registered at 3.1% above expectations (3%) in July

Canada Building Permits (MoM) below expectations (-4.3%) in June: Actual (-9%)

United States Consumer Price Index n.s.a (MoM) registered at 323.05, below expectations (323.17) in July

United States Consumer Price Index ex Food & Energy (MoM) meets expectations (0.3%) in July

United States Consumer Price Index (MoM) meets expectations (0.2%) in July

Gold (XAU/USD) steadies on Tuesday after slipping to a one-week low on the previous day. At the time of writing, the precious metal is consolidating near $3,345 during European trading hours, with investors awaiting the release of the US inflation data at 12:30 GMT for fresh monetary policy cues.

Brazil IPCA Inflation registered at 0.26%, below expectations (0.37%) in July

The USD/JPY pair extends its winning streak for the third trading day on Tuesday and advances to near 148.50 during the European trading session. The asset strengthens ahead of the United States (US) Consumer Price Index (CPI) data for July, which will be published at 12:30 GMT.

The Japanese Yen is soft, down 0.2% against the US Dollar (USD) and underperforming most of the G10 currencies along with AUD and NZD, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Pound Sterling (GBP) is up 0.2% against the US Dollar (USD) and outperforming all of the G10 currencies as markets respond to the release of stronger than expected employment data.

The Euro (EUR) is quietly consolidating in a tight range just above 1.16 and ignoring the release of weaker than expected ZEW sentiment survey figures.

The Canadian Dollar (CAD) is little changed in quiet trade as markets await US data, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.