On Tuesday, the Greenback fell vs. a basket of major currencies, as investors remained cautious following North Korea's latest provocation amid signs that may conduct more missile tests.
On the economic calendar for Tuesday, markets are awaiting the U.S. Factory Orders, which are expected to fall to -3.3% from 3.0%.
In terms of the U.S. debt limit, only its Congress can hike it; however, anticipations state that the ceiling would not affect the Federal Reserve efforts to clean up after Hurricane Harvey.
The Sterling pound fell yesterday, negatively affected by weaker than expected data as the British new car sales declined between 6% and 7% year-on-year in August.
In addition, the UK construction sector activity unexpectedly declined in August, touching a one-year low and dampening hopes over the British economy. UK construction purchasing managers' index edged down to a seasonally adjusted 51.1 in August from July’s reading of 51.9. GBP/USD fell as much as 0.05%, to settle at $ 1.2923.
The Greenback fell as much as 0.29% vs. the JPY at 109.39 as global tensions simmered.
The common currency decline as much as 0.13%, to settle at $1.1881.
Earlier today, Gold prices edged higher reaching its highest rank in about a year, as safe-haven demand for gold remained strong in the wake of North Korea's most powerful nuclear test to date. The recent tensions have prompted traders to leave assets seen as riskier, such as stocks and high yielding currencies, and shift to traditional safe-haven assets like the yen and Gold. Gold futures rose as much as 0.64% to settle at $1,338.93, after hitting its highest level since September 2016 at $1,345.50 earlier.
Gasoline prices fell and U.S. crude prices traded mixed yesterday as some refineries returned to operate again following Hurricane Harvey. U.S. markets were closed yesterday due to a national holiday and trading remained quiet. Brent Oil fell as much as -0.11%, to settle at $52.28, while Crude Oil WTI rose as much as +0.63%, to settle at 47.59.
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