Asian Currencies Mixed as Yen Rallies on BOJ Bets 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
Gold Prices Rise as Yen Rally Weakens Dollar 
UK House Prices Fall for First Time Since 2023 
China Inflation Accelerates in August as CPI, PPI Rise 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
Add as a preferred source on Google
The U.S. dollar edged higher on Tuesday as geopolitical tensions in the Middle East and investor caution ahead of major central bank meetings kept most currencies range-bound. Market sentiment remained risk-averse, with attention turning to the Bank of Japan (BOJ) and the U.S. Federal Reserve.
The BOJ is expected to maintain interest rates at its policy meeting, while investors await comments from Governor Kazuo Ueda regarding inflation and potential adjustments to bond-buying. The yen slightly strengthened to 144.70 per dollar, recovering modestly after earlier losses.
Carol Kong, currency strategist at Commonwealth Bank of Australia, noted the BOJ’s role as the next key market driver, especially amid Japan’s inflation and trade concerns. Prime Minister Shigeru Ishiba’s recent tariff discussions with U.S. President Donald Trump ended without agreement, according to Fuji TV.
Meanwhile, the dollar gained on safe-haven demand as tensions escalated between Iran and Israel. Trump’s early departure from the G7 summit and his call for evacuation from Tehran underscored the crisis. Still, DBS analysts said global spillover risk remains “manageable” for now.
The risk-sensitive Australian dollar fell 0.27% to $0.6507, while the New Zealand dollar slipped 0.17% to $0.6049. The euro dipped 0.1% to $1.1545, and the British pound declined 0.09% to $1.3563. The U.S. dollar index edged up to 98.23.
Looking ahead, the Fed’s policy decision on Wednesday is the week’s major event. While rates are expected to remain steady, investors will focus on the dot plot and economic projections for clues on future policy. Ronald Temple of Lazard predicts no rate cuts this year, diverging from market expectations of two.
Trump also signed a deal to reduce certain tariffs on British imports, advancing U.S.-UK trade negotiations.
