FxAnalysis

The Aussie Dollar continues to lose momentum, remaining unable to not only find a catalyst that prevents the currency from falling further but also reverse course and resume its uptrend.

Silver trades around $62 per ounce on Tuesday, not far from the 2026 low of $61.01 posted in March. King Dollar regained its crown after the Federal Reserve shifted to a hawkish stance at its June meeting, with easing tensions in the Middle East also helping.

Keir Starmer’s resignation as the United Kingdom (UK) Prime Minister comes ten years after the Brexit referendum vote, a coincidence that financial markets have been quick to note.

Gold is resuming its downside momentum toward $4,100 early Tuesday, following a temporary reversal seen a day ago.

Chairman Alan Greenspan has now passed from the scene at the age of 100.

The Aussie Dollar is still looking for a fresh catalyst to resume its upward trend, which began in late March and appears to have lost momentum ahead of the 0.7300 hurdle in early May.