With the reversal of US economic data, it has become difficult for the USA and Japan to move upwards.

An increasing amount of evidence shows that the economic growth of the USA is reversing. The USA and Japan are recently highly influenced by the Federal Reserve's interest rate expectations. The ISM services report released on Wednesday is more important to the market. Due to the effects of narrowing yield differentials and concerns over the US economic outlook, the USD/JPY was in a disadvantageous position in early June. Data to be released in the coming days may provide an answer, offering ample two-way price risk in the face of rising uncertainties.

FX678 Finance01:17 ET

Bets on Fed rate cuts heat up, with the dollar falling to its lowest level in nearly two months.

According to the news from Zhitong Finance and Economics, the US dollar fell to its lowest level since April against the euro and the British pound on Tuesday, as signs of a weak US economy have given the Federal Reserve reason to cut interest rates in advance. The US dollar fell to a two-week low against the yen, after data showed that manufacturing activity had slowed for the second consecutive month and that construction spending had unexpectedly slipped. According to LSEG's interest rate probability application, the probability of a Fed fund futures rate cut in September has increased to around 59.1% after the data was released. As of press time, the US dollar index had fallen 0.05% to 103.99, its lowest level since April 9. By contrast, data released last Friday showed that consumer

Zhitong Finance23:01 ET

Australian Dollar Edges Lower, Possibly Due to Unexpected Current Account Deficit

The Australian Dollar (AUD) halted its three-day winning streak on Tuesday, likely due to Australia's unexpected current account deficit of A$ 4.9 billion (USD 3.2 billion) in the first quarter.

FXStreet22:59 ET

Seven Reasons to Bet on a Stronger AUD/USD

0158 GMT - CBA outlines seven reasons why AUD/USD is set to rise further this year and into 2025. The pair is already 5 U.S. cents above its cyclical low of 0.6170, with more upside looking locked in,

WSJ22:00 ET

Manufacturing PMIs Signal Global Industry Rebound in 2Q -- Market Talk

The latest manufacturing PMIs suggest the global industry recovery has gathered momentum so far in 2Q and price pressures have risen.

WSJ20:42 ET

AUD/USD Rises Amid Weak ISM PMI, Ahead of Aussie's Data

The Australian Dollar registered gains of 0.55% versus the Greenback on Monday and opened Asian Tuesday’s session with renewed strength amid falling US yields.

FXStreet19:23 ET