What you need to know on Tuesday, September 17:
Market sentiment remains sour over the threat of a military response to recent attacks to Saudi Arabia, poor Chinese data and pre-Fed caution.
Aussie emerges the weakest currency amid dovish RBA minutes.
EUR/USD clings onto recovery gains on the 1.10 amid US-EU tariffs threat.
In today’s economic calendar, we have German ZEW data.
USD/JPY lacks follow-through amid weaker Treasury yields and Wall Street futures, having hit fresh seven-week tops at 108.36. However, uncertainty over the US-Japan trade deal caps the pair’s downside. Japan’s Foreign Minister said that he wants to confirm in writing that the US will refrain from added tariffs on Japan auto exports. US Pres. Trump said that the US has reached an initial trade agreement with Japan.
GBP/USD keeps the red above 1.2400 amid looming Brexit uncertainty.
Oil prices keep their corrective mode intact, down over 1%, awaiting fresh Mid-East developments and US weekly Crude Stocks data.