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The Rupee opened slightly stronger and under pressure on Tuesday with traders expecting the central bank to lean against ?pressure on the currency, while a modest pickup in portfolio inflows ?is also expected to offer support. Elsewhere, Asian currencies were mostly range-bound. The U.S. dollar struggled to hold onto gains against major peers on Tuesday ?as investors parsed Washington's ?expanded Iran-related sanctions ?and renewed efforts to ease pressure on longer-dated Treasury yields. U.S. Treasury Secretary Scott Bessent unveiled an expansion of sanctions against ?Iran on Monday, while CNBC reported that the U.S. Treasury could ?use part ?of its cash balance to buy back longer-dated bonds to ease borrowing costs. The U.S. dollar struggled to hold onto gains against major peers on Tuesday, ?as investors parsed Washington's expanded Iran-related sanctions and renewed efforts to ease pressure on longer-dated Treasury yields. The euro ?was a shade higher at $1.1668, hovering near a three-month peak hit last week, while sterling was 0.1% stronger at $1.3639, near its six-month peak. The Canadian dollar held flat at $1.3844, steadying ?after a 0.6% dip in the previous session, as the U.S. threatened to raise tariffs on Canadian goods after trade negotiations collapsed. The Japanese yen strengthened a tad to 159.21 per dollar, having given back most of its inttervention gains but still well off a multi-decade low of about 164. The dollar ?index , which measures the U.S. currency against six major peers, was down marginally at 98.96 in Asia trades. It climbed 0.16% overnight, lifting ?it from three-month lows amid a revived debasement tradex, but appeared to be struggling to sustain the momentum. The New Zealand dollar and the Australian ?dollar were ?up 0.1% ahead of the Reserve Bank of Australia's August policy meeting minutes release, last trading at $0.5965 and $0.7157, respectively.Oil prices recovered ground on ?Tuesday after settling down more than 2% in the previous session, with investors assessing the impact of ?the latest U.S. sanctions against Iran. Brent crude futures rose 27 cents, or 0.3%, to $92.44 a barrel by 0330 GMT, while U.S. West Texas Intermediate crude was up 37 cents, or 0.4%, at $85.38.......
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GlobalFX

The US dollar weakened sharply against other major currencies after data showed that the US economy suffered a record contraction in Apr-Jun, while jobless claims rose in the week ended Saturday also rose.The US unit also extended its decline globally on Thursday after Trump raised the possibility of delaying presidential election in the US, scheduled for November.European Stocks ended lower on Thursday due to mounting concern over sluggish economic recovery and a possible second wave of the COVID-19 pandemic.Germany reported its worst decline in GDP since 1970, with the Eurozone’s largest economy shrinking 10.1% quarter-on-quarter in Apr-Jun.Corporate earnings were high on investors' agenda on Thursday.In the US, Most share indices ended lower on Wednesday following bleak economic data.Lack of progress in talks between Congressional Democrats, Republicans and the White House on a new coronavirus aid package also weighed on sentiment.Gold futures settled lower on Thursday after nine consecutive days of gains, with the bullion retreating from a record rally as traders booked some profit.......
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