Dollar Holds Near Six-Week Low as Yen Loses Momentum Ahead of U.S. Jobs Data 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Gold Prices Surge 7% as Dollar Falls, Fed Rate Hike Bets Ease 
Gold Price Hits Seven-Week High as Fed Rate Hike Bets Fade and Hormuz Deal Hopes Grow 
China Exports Beat July Forecasts as AI Demand Fuels High-Tech Trade 
Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data 
Asian Currencies Steady as Markets Await U.S. Jobs Data 
The Australian government bonds suffered during Asian session of the second trading day of the week Tuesday tracking a similar movement in the U.S. Treasuries after a slew of solid corporate earnings pushed Wall Street higher overnight.
Also, slight relief from U.S.-China trade talks, after President Donald Trump indicated that China has “started the buying” of US agricultural goods, weighed on debt prices.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, jumped 2-1/2 basis points to 1.176 percent, the yield on the long-term 30-year bond surged 2 basis points to 1.763 percent while the yield on short-term 2-year traded flat at 0.802 percent by 04:20GMT.
Investors also interpreted the UK Speaker John Bercow’s rejection of a second vote on PM Boris Johnson’s Brexit deal (“repetitive and disorderly” and “in substance the same as Saturdays motion”) as implying a Brexit extension is more likely, even though Johnson will introduce the Withdrawal Agreement Bill again today, OCBC Treasury Research reported.
The S&P500 rose 0.69 percent, summiting the 3000 handle with Apple Inc hitting a record, whilst UST bonds sold off with a steepening bias as the 10-year yield pushed higher by 5bps to 1.8 percent, the report added.
Meanwhile, the S&P/ASX 200 index traded tad 0.23 percent up at 6,653.50 by 04:30GMT.
