
National Bank of Canada (NBC) strategists note that global equities, including the MSCI ACWI, remain on track for another positive quarter, helped by an August rebound.

The 10-year Treasury yield trades near 4.79%, roughly four basis points higher and at its highest level since January 2025, in a fifth consecutive session of selling.

The US Dollar Index (DXY) edges higher on Tuesday, reversing all of the previous days losses as hawkish Federal Reserve (Fed) expectations and rising US Treasury yields provide a strong tailwind.

The US Dollar (USD) has managed to leave behind the negative start to the week and regained balance on Tuesday. The recovery has come on the back of a generalised recovery in US Treasury yields and ongoing tensions in the geopolitical landscape.

Crude Oil reached its session high in a straight line rather than a grind, with West Texas Intermediate (WTI) pinned beneath $87.50 through the afternoon before taking better than a dollar and a quarter in three consecutive five-minute bars to print just short of $89.00.
The European Central Bank is seen hiking rates in September as the Iran war raises energy costs in the region.

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $64.76 per troy ounce, down 2.69% from the $66.55 it cost on Monday.

Gold prices fell in India on Tuesday, according to data compiled by FXStreet.

The USD/JPY pair edges higher to around 159.85 during the early European trading hours on Tuesday.

The EUR/USD pair struggles to capitalize on the overnight bounce from the 100-day Simple Moving Average (SMA), near the 1.1575-1.1580 region, or a one-and-a-half-week low, and drifts lower during the Asian session on Tuesday.

A senior official from Japans Ministry of Finance on Tuesday declined to comment on recent foreign exchange shifts, adding that expected the Bank of Japan (BoJ) to steer monetary policy aligned with the economy, not influenced by the United States.

Silver price (XAG/USD) trades in a tight range at around $66.67 during the Asian trading session on Tuesday. The white metal consolidates as investors await the United States (US) ISM Manufacturing PMI data for August and the JOLTS Job Openings data for July, which will be published at 14:00 GMT.

NZD/USD depreciates after posting minor gains in the previous day, trading around 0.5910 during the Asian hours on Tuesday.

Japanese Finance Minister (FM) Satsuki Katayama said Tuesday that he confirmed with US Treasury Secretary Scott Bessent that continued, coordinated action on FX is needed.

AUD/USD gains ground for the second consecutive day, trading around 0.7170 during the Asian hours on Tuesday.

The GBP/USD pair trades with mild losses around 1.3550 during the early Asian trading hours on Tuesday. The US Dollar (USD) edges higher against the British Pound (GBP) amid ongoing Middle East tensions and Federal Reserve (Fed) Chair Kevin Warsh's hawkish remarks at the Jackson Hole symposium.

EURUSD | Bearish Continuation & Downside Potential Fundamental View EUR/USD remains under pressure as the U.S. dollar gains support from renewed expectations of tighter Federal Reserve policy. Fed Chair Kevin Warshs hawkish Jackson Hole remarks increased market expectations for a September rate hike, while higher U.S. short-term Treasury yields have strengthened the dollar. The euro therefore faces additional pressure as the current policy-rate differential favors the USD. Upcoming U.S. …

The EUR/USD pair trades with mild gains around 1.1620 during the early Asian session on Tuesday. The US Dollar (USD) strengthens against the Euro (EUR) despite a hawkish Jackson Hole speech from Federal Reserve (Fed) Chair Kevin Warsh.

The United Kingdom Maritime Trade Operations (UKMTO) said on Monday that a tanker has reported being struck by three projectiles while sailing out of the Strait of Hormuz, Reuters reported.

GBP/JPY trades flattish for the third straight day as buyers have failed to decisively crack the 217.00 level, which could open the door to further upside. This pushed the cross-pair to the mid-point of the trading range of 216.08-216.85,