Market News
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Canadian Dollar hangs near one-week low as weak oil prices counter USD downtick
The USD/CAD pair trades with a positive bias for the fourth straight day and currently hovers around the 1.4070 region, or a nearly one-week high set the previous day.
Indonesia Gross Domestic Product (YoY) above expectations (5.1%) in 2Q: Actual (5.29%)
Indonesia Gross Domestic Product (YoY) above expectations (5.1%) in 2Q: Actual (5.29%)
Indonesia Gross Domestic Product (QoQ) came in at 3.73%, above forecasts (3.5%) in 2Q
Indonesia Gross Domestic Product (QoQ) came in at 3.73%, above forecasts (3.5%) in 2Q
EUR/JPY Price Forecast: Softens below 182.00 on intervention risks, bearish outlook prevails
The EUR/JPY cross trades in negative territory around 181.70 during the early European trading hours on Wednesday.
US nears Hormuz deal, aiming for Wednesday announcement â Axios
According to a report from Axios, the United States (US), Iran, and Oman are closing in on an interim agreement to reopen the Strait of Hormuz, with the U.S. aiming for a Wednesday announcement, sources said.
Japanâs Kihara: Specific monetary policy means are up to the BoJ to decide
Japanese Chief Cabinet Secretary Minoru Kihara said on Wednesday, âspecific monetary policy means are up to the Bank of Japan (BoJ) to decide.â
British Pound weakens as US Dollar gains despite easing safe-haven demand
GBP/USD edges lower after registering modest gains in the previous day, trading around 1.3450 during the Asian hours on Wednesday.
Euro edges lower below 1.1550 on Hormuz uncertainty
The EUR/USD pair trades with mild losses near 1.1530 during the Asian trading hours on Wednesday. Uncertainty surrounding US-Iran talks weighs on riskier assets such as the Euro (EUR) against the US Dollar (USD).
Australian Dollar consolidates near 0.7050, highest since June 17 amid reviving USD demand
The AUD/USD pair struggles to break through the 100-day Simple Moving Average (SMA) pivotal barrier near mid-0.7000s and consolidates near its highest level since June 17, touched during the Asian session on Wednesday.
Chinaâs RatingDog Services PMI eases to 50.4 in July, vs. 53.7 expectedÂ
China's Services Purchasing Managers' Index (PMI) declined to 50.4 in July from 54.1 in June, the latest data published by RatingDog showed on Wednesday. This figure came in weaker than the market expectations of 53.7.Â
China RatingDog Services PMI came in at 50.4, below expectations (53.7) in July
China RatingDog Services PMI came in at 50.4, below expectations (53.7) in July
New Zealand ANZ Commodity Price: -3.9% (July) vs previous -1%
New Zealand ANZ Commodity Price: -3.9% (July) vs previous -1%
Japanese Yen edges higher on upbeat wages data, hawkish BoJ Minutes and soft USD
The USD/JPY pair struggles to capitalize on this week's solid bounce from the 155.25-155.20 area, or the lowest level since early May, and edges lower during the Asian session on Wednesday. Spot prices, however, lack follow-through selling and hold just above mid-157.00s amid mixed cues.