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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
GBP/JPY Price Forecast: Struggles at 50-day SMA with bulls near 215.50
The GBP/JPY ended Tuesday’s session unchanged at 215.17 as buyers remained reluctant to test the 50-day Simple Moving Average (SMA) at 215.43, seen as the first resistance level on its way to re-test yearly peaked at around 219.61.
Singapore Dollar: Decline risks assessed against US Dollar – OCBC
OCBC analysts Sim Moh Siong and Christopher Wong discuss USD/SGD after its post-payroll decline, noting the pair last traded near 1.28 with bearish momentum starting to wane.
South Korea Unemployment Rate up to 2.8% in July from previous 2.7%
South Korea Unemployment Rate up to 2.8% in July from previous 2.7%