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South Korean Won nears four-month highs despite the KOSPI index selloff
The South Korean Won (KRW) extends gains for the second consecutive day against the US Dollar (USD), and is set for a 6.5% monthly rally. Strong South Korean macroeconomic data and market expectations of monetary tightening by the Bank of Korea have offset the KOSPI Index’s sell-off.
WTI Price Forecast: Likely revisit 50-day high above $92 on renewed US-Iran attacks
West Texas Intermediate (WTI), futures on NYMEX, trade 3.2% higher at around $81.00 during the early European trading session on Wednesday.
Euro: Softer Fed signals may lift EUR against US Dollar - Commerzbank
Commerzbank’s Antje Praefcke argues that the FOMC under Chair Kevin Warsh is likely to deliver a "hawkish hold", with markets already pricing at least one Fed rate hike by year-end.
Norway Retail Sales increased to 1.8% in June from previous -2.1%
Norway Retail Sales increased to 1.8% in June from previous -2.1%
South Africa Private Sector Credit: 7.8% (June) vs previous 8.57%
South Africa Private Sector Credit: 7.8% (June) vs previous 8.57%
South Africa M3 Money Supply (YoY) declined to 9.31% in June from previous 9.59%
South Africa M3 Money Supply (YoY) declined to 9.31% in June from previous 9.59%
AUD/USD Price Forecast: Seems vulnerable near 0.6950 after soft CPI-driven breakdown
The AUD/USD pair attracts sellers for the third straight day on Wednesday and dives to an over two-week trough following the release of softer Australian consumer inflation figures.
Indonesian Rupiah gains as Fed uncertainty weighs on US Dollar
USD/IDR depreciates after two days of gains, trading around 18,120 during the Asian hours on Wednesday. However, the pair has lost ground as the US Dollar (USD) struggles ahead of the Federal Reserve’s (Fed) upcoming policy decision.
Iran's IRGC confirms striking US base in Jordan
In European trade on Wednesday, the Iranian Islamic Revolutionary Guard Corps (IRGC) announces that it fired several ballistic missiles at a United States (US) air base and the military Central Command (CENTCOM) center in Jordan.
Indian Rupee rally hits pause as oil price recovers strongly, Fed policy awaited
The Indian Rupee (INR) trades marginally lower against the US Dollar (USD) on Wednesday after a three-day winning streak. The USD/INR pair rebounds to near 95.85, the intraday high, as oil prices have rebounded strongly due to revived geopolitical risks.
New Zealand Dollar holds steady below 0.5900 vs USD as traders seem hesitant ahead of FOMC
The NZD/USD pair struggles to build on the overnight bounce from the 0.5860 horizontal support and seesaws between tepid gains/minor losses during the Asian session on Wednesday.
Gold stalls intraday recovery near of $4,050 as traders keenly await FOMC decision
Gold (XAU/USD) struggles to capitalize on its intraday recovery from an over one-week low and trades below the $4,050 level through the first half of the European session on Wednesday.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.