The AUD/JPY cross trades in a positive territory near 114.60 during the early European session on Tuesday. Stronger-than-expected Chinese economic data provides some support to the China-proxy Australian Dollar (AUD) against the Japanese Yen (JPY). 

EUR/JPY inches lower after registering gains in the previous day, trading around 185.50 during Asian hours on Tuesday.

NZD/USD depreciates after posting minor gains in the previous day, trading around 0.5910 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.

The USD/JPY pair holds steady below the 160.00 psychological mark during the Asian session on Tuesday and remains close to a one-month peak, which was retested the previous day.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7809 compared to the previous day's fix of 6.7828 and 6.7170 Reuters estimate.

The USD/CAD pair is hovering around mid-1.3800s during the Asian session on Tuesday, though the lack of follow-through selling warrants caution before positioning for an extension of the previous day's retracement slide from an over two-week top.

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 Aussie Dollar traded sideways on Monday, unchanged at 0.7165, as a jump in energy prices sparked by the Middle East conflict pushed US Treasury yields higher, but not the Greenback.

GBP/USD trades near 1.3550 on Monday, a fraction higher on the session after three consecutive declines took the pair more than a cent off the six-month high just short of 1.3700.

USD/JPY trades a little beneath 160.00 on Monday, down around 0.2% after an early push above the handle was sold back inside the session. The 50-day Exponential Moving Average (EMA) sits directly on 160.00 and has been descending since the late-July intervention, while the 200-day sits on 158.00.

NZD/USD trades a little above 0.5900 on Monday, barely changed on the session and around seventy pips beneath the late-August peak that stalled just short of 0.6000.

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,

The NZD/USD is poised to finish Monday’s session virtually unchanged near its opening price, despite a modest 0.08% gain as the US Dollar weakens amid rising tensions in the Middle East. The pair trades above 0.5900.

Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Japanese Yen (JPY) is modestly stronger versus the US Dollar (USD), helped by upbeat domestic data including robust retail sales and industrial production.

The Mexican Peso appreciates by about 0.20% against the US Dollar, even as risk appetite deteriorated amid the escalation of the US-Iran conflict, which triggered a jump in energy prices. This exerted upward pressure on US bond yields on speculation that the Fed will raise rates.

AUD/USD trades in a narrow range on Monday as markets weigh hawkish expectations from both the Reserve Bank of Australia (RBA) and Federal Reserve (Fed). At the time of writing, the pair trades around 0.7167, with a modest pullback in the US Dollar (USD) helping cushion the downside.

Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is fractionally higher versus the US Dollar (USD), stabilizing after recent losses and attempting a modest recovery from upper-1.15 lows.

The US Dollar (USD) has faded part of Friday’s strong advance despite the geopolitical landscape seeming to have deteriorated a tad in the last few days, while market participants appear to have already digested the hawkish remarks from Chair Warsh in Jackson Hole.

The Pound Sterling advances during the North American session, up a modest 0.09%, as the Greenback edges lower despite last Friday’s hawkish remarks from Fed Chair Warsh, ahead of a packed week of economic data from the United States (US). The GBP/USD trades at 1.3549.

USD/JPY declines 0.21% on Monday and trades around 159.80 at the time of writing, after briefly moving above the psychological 160.00 level.

USD/CHF trades with a downside bias on Monday as the US Dollar (USD) struggles to gain traction despite rising Federal Reserve (Fed) interest rate hike expectations and Middle East tensions. At the time of writing, the pair trades around 0.8080, down roughly 0.15% on the day.

USD/CAD falls 0.24% on Monday and trades around 1.3870 at the time of writing, after reaching its highest level in more than two weeks earlier. The pair comes under pressure from both a stronger Canadian Dollar (CAD), supported by rising Oil prices, and a modest pullback in the US Dollar (USD).

Scotiabank strategists Shaun Osborne and Eric Theoret observe that the Canadian Dollar (CAD) is little changed, with USD/CAD trading around their fundamental equilibrium estimate near 1.3920.

EUR/USD holds modest gains on Monday during American trading hours as the US Dollar (USD) struggles to build on Friday’s strength, which followed hawkish remarks from Federal Reserve (Fed) Chair Kevin Warsh at the Jackson Hole Symposium.

Wee Khoon Chong at BNY reports strong Japanese macro data and resilient housing and commerce indicators, supporting the narrative that Japan has exited deflation and Bank of Japan (BoJ) normalization remains in play.

GBP/JPY trades on the back foot on Monday as the Japanese Yen (JPY) strengthens against its major peers. The Pound Sterling (GBP), meanwhile, lacks a fresh domestic catalyst as UK markets remain closed for the Summer Bank Holiday.

The US Dollar (USD) is down 0.3% to near 159.65 against the Japanese Yen (JPY) during the European trading session on Monday. The USD/JPY pair declines as the Japanese currency outperforms its peers on hopes of support from the United States (US)-Japan joint intervention.

The Euro (EUR) posts marginal gains against the US Dollar (USD) on Monday, but it remains close to Friday’s lows at 1.1578, as bulls fail to find significant acceptance above 1.1600.

NZD/USD trades around 0.5910 on Monday, virtually unchanged on the day at the time of writing. The New Zealand Dollar (NZD) retains some support from improving Chinese activity data, but the move remains limited as investors prepare for the Reserve Bank of New Zealand (RBNZ) decision on Wednesday.