The session began with confusion over the private oil inventory survey for last week. The headline API figure initially showed a massive 19 million barrel build, but this was quickly corrected to a much smaller 839K increase. Product figures were similarly revised. Official government data is due Wednesday morning (U.S. time). Crude oil prices traded in a narrow range.
Trump returned to the headlines, announcing that:
On the central bank front, Dallas Fed President Lorie Logan gave a speech reaffirming a patient stance on interest rates. Key takeaways:
The Fed is likely to keep rates steady for now in a “wait and see” mode
Rate cuts are not off the table — should inflation soften and the labor market weaken, a cut would be possible
In the Q&A, Logan emphasized uncertainty around how much tariffs will be passed on to consumers
Many businesses are adopting a wait-and-see approach before raising prices
The FOMC will continue to monitor the data through summer and into autumn before making decisions
In crypto, Trump posted that he had secured the votes needed to pass the GENIUS Act.
Major FX pairs remained tightly range-bound, while U.S. Treasury yields held at elevated levels.
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ETH/USD hit a fresh 5-month high BEFORE Trump announced he had secured the votes for his GEMIUS Act. The GENIUS Act and other U.S. legislative progress toward stablecoin regulation are boosting confidence—and demand—in the Ethereum ecosystem.
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about forexlive asia pacific fx news wrap limited ranges prevailed was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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