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United States Dollar Index rises to near 100.00 ahead of US inflation data
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending gains for the third successive day and trading around 99.90 during the Asian hours on Wednesday.
Silver Price Forecast: XAG/USD rises to near $65.40 with US inflation in focus
Silver price (XAG/USD) trades 1.1% higher at around $65.40 during the Asian trading session on Wednesday. The white metal reflects strength ahead of the United States (US) Consumer Price Index (CPI) data for July, which will be published at 12:30 GMT.
Canadian Dollar eases from two-month high as USD preserves weekly gains ahead of US CPI
The USD/CAD pair ticks higher during the Asian session on Wednesday, snapping a three-day losing streak to the 1.3915 area or its lowest level since June 10. Spot prices, however, lack bullish conviction and trade around 1.3930, awaiting the release of the latest US inflation figures.
New Zealand Dollar struggles as US Dollar gains on Middle East uncertainty
NZD/USD continues its losing streak for the third consecutive day, trading around 0.5870 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) gains ground on increased safe-haven demand amid rising uncertainty surrounding Middle East peace talks.
Australian Dollar slips as US Dollar strengthens amid uncertainty over Fed outlook
AUD/USD depreciates after registering modest gains in the previous day, trading around 0.7060 during the Asian hours on Wednesday. The currency pair loses ground as the US Dollar (USD) rises ahead of a crucial inflation report.
Japanese Yen slides to two-week low, seems vulnerable as USD stands firm ahead of US CPI
The USD/JPY pair touches a one-and-a-half-week high during the Asian session on Wednesday, with bulls now looking to build on the momentum further beyond mid-159.00s amid a supportive fundamental backdrop.
British Pound loses as rising US Dollar, geopolitical tensions weigh on sentiment
GBP/USD inches lower after remaining flat in the previous day, trading around 1.3500 during the Asian hours on Wednesday. The currency pair continues to hold its losses as the US Dollar (USD) gains strength ahead of a crucial inflation report.
Gold sits near two-month top, above $4,400 as traders eye US CPI for Fed cues
Gold (XAU/USD) maintains its bid tone above the $4,400 mark through the first half of the European session and remains close to the highest level since June 5, touched on Tuesday.
Experts split on whether next RBA move is a hike or cut amid energy risks
The Reserve Bank of Australia (RBA) unanimously held rates at 4.35% in August, but major economic forecasters offer varying takes on what comes next:
PBOC sets USD/CNY reference rate at 6.7882 vs. 6.7900 previous
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7882 compared to the previous day's fix of 6.7900 and 6.7430 Reuters estimate.
Euro consolidates below mid-1.1500s vs USD ahead of German HICP, US CPI
The EUR/USD pair struggles to gain any meaningful traction and holds steady around mid-1.1500s during the Asian session on Wednesday, within a familiar range held over the past week or so.
WTI advances above $82.50 due to mixed signals regarding potential US-Iran deal
West Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $82.70 per barrel during the Asian hours on Wednesday. Crude oil prices advance as investors weigh mixed signals regarding a potential deal between the United States (US) and Iran.
Japan Money Supply M2+CD (YoY) unchanged at 2.2% in July
Japan Money Supply M2+CD (YoY) unchanged at 2.2% in July