United States Monthly Budget Statement came in at $-120B, above forecasts ($-132.8B) in June

Gold price crashes as Waller warning sparks Fed hike fears

Gold price (XAU/USD) plunges on Monday after remarks by Federal Reserve (Fed) Governor Christopher Waller, who revealed that if the Consumer Price Index (CPI) rises this week, the Fed should consider interest rate hikes.
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Singapore Dollar: Downside bias within established range against US Dollar – UOB

UOB’s Quek Ser Leang and Lee Sue Ann note that USD/SGD opened stronger after a quiet prior session, with upward momentum tentatively building but still facing resistance around 1.2945–1.2955. For the next 1–3 weeks, they keep its view that USD/SGD will trade between 1.2890 and 1.2990.
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