United States Monthly Budget Statement came in at $-291B below forecasts ($-215B) in July

Aug 12, 2025

EUR/GBP muted as UK labor market steadies and EU economic sentiment weakens

The EUR/GBP stays flat during the North American session, as economic data in the UK initially pushed the pair lower, even though the European Union (EU) ZEW survey showed a deterioration in the bloc. The cross-pair trades at around 0.8644, muted.

AUD/USD rebounds above 0.6500 as RBA rate cut overshadowed by USD weakness

The Australian Dollar (AUD) recovers ground against the US Dollar (USD) on Tuesday, with the Reserve Bank of Australia's (RBA) interest rate cut decision overshadowed by broad Greenback softness following mixed US Consumer Price Index (CPI) figures.

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United States Monthly Budget Statement came in at $-291B below forecasts ($-215B) in July

EUR/GBP muted as UK labor market steadies and EU economic sentiment weakens

AUD/USD rebounds above 0.6500 as RBA rate cut overshadowed by USD weakness