Economic activity in the US manufacturing sector picked up some pace in June, with the ISM Manufacturing PMI advancing to 49.0 from 48.5 in May, coming in above experts' expectations of 48.8.

United States RealClearMarkets/TIPP Economic Optimism (MoM) came in at 48.6, below expectations (50.1) in July

The number of job openings on the last business day of May stood at 7.769 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday.

United States JOLTS Job Openings registered at 7.769M above expectations (7.3M) in May

United States ISM Manufacturing PMI came in at 49, above forecasts (48.8) in June

United States Construction Spending (MoM) came in at -0.3% below forecasts (-0.2%) in May

United States ISM Manufacturing Prices Paid above expectations (69) in June: Actual (69.7)

United States ISM Manufacturing Employment Index came in at 45 below forecasts (47) in June

United States ISM Manufacturing New Orders Index: 46.4 (June) vs previous 47.6

Jerome Powell, Chairman of the Federal Reserve System (Fed), Christine Lagarde, European Central Bank (ECB) President, participate in a policy panel at the 2025 ECB Forum on Central Banking, alongside Bank of England (BoE) Governor Andrew Bailey and Bank of Japan (BoJ) Governor Kazuo Ueda.

The Japanese Yen (JPY) gains against the US Dollar (USD) on Tuesday, reaching its highest level in over two weeks as the broadly weak Greenback remains under pressure amid fiscal uncertainty and dovish Federal Reserve (Fed) expectations.

Brazil S&P Global Manufacturing PMI came in at 48.3, below expectations (52) in June

United States Redbook Index (YoY) increased to 4.9% in June 27 from previous 4.5%

The US Dollar (USD) continues to face selling pressure, with the US Dollar Index (DXY) currently trading around 96.45, its lowest level since February 2022, as it continues its descent for the ninth straight day.

Gold prices climbed on Tuesday as investor attention shifted to a high-profile gathering of global central bankers in Portugal.At the time of writing, XAU/USD is holding firm above the $3,300 mark, with prices hovering above $3,350 ahead of key policy remarks expected at 13:30 GMT.

South Africa Total New Vehicle Sales increased to 47294 in June from previous 45308

The ECB concluded its strategy assessment yesterday. The review does not suggest major changes in the conduct of monetary policy, nor in the communication of its policy decisions, Rabobank's Senior Macro Strategist Bas van Geffen reports.

The EUR/USD pair keeps marching higher for the tenth consecutive day.

China imported large quantities of Gold from Hong Kong for the second month in a row in May. According to data from the Hong Kong Statistics Department, net shipments to China amounted to 48.1 tons, compared to 43.4 tons in April.

The Gold price has been on the rise again since yesterday, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

Trump is also lagging behind his own ambitions on another important point of his energy policy agenda, Commerzbank's commodity analyst Carsten Fritsch notes.

US crude Oil production rose to a record level of 13.47 million barrels per day in April, according to the US Energy Information Administration, Commerzbank's commodity analyst Carsten Fritsch notes.

The Australian Dollar keeps marching higher against a depressed US Dollar.

The eight OPEC+ countries with voluntary production cuts are likely to decide next weekend to increase oil production by 411 thousand barrels per day in August, as reported by Reuters and Bloomberg, citing delegates from the expanded production cartel, Commerzbank's commodity analyst Carsten Fritsch

On Monday, the Australian government presented its quarterly forecasts for the mining and export of metals and energy, Commerzbank's FX analyst Volkmar Baur notes.

The euro gained 13.8% against the US dollar in the first six months of this year, marking the best start to a year against the greenback since its introduction. In the last three months alone, the euro gained 9%, representing one of its best quarters against the US dollar.

USD/RUB and EUR/RUB are not market-driven or floating exchange rates. Even so, at this time, these exchange rates are reflecting excessive optimism that the Ukraine war may somehow end and that some of the harsh sanctions on Russia may be removed.

The Pound is accelerating its uptrend on Tuesday, unaffected by rather downbeat UK manufacturing PMI data.

There is potential for US Dollar (USD) to drop below 7.1500 against Chinese Yuan (CNH); it is unclear whether there is sufficient momentum for it to reach 7.1450.

Increase in momentum may lead to US Dollar (USD) breaking below 143.50 against Japanese Yen (JPY); any further decline is unlikely to reach 142.70. In the longer run, buildup in momentum could trigger further USD declines toward 142.70, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.