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EUR/JPY Price Forecast: Softens to near 184.50, mildly bearish bias persists under 100-day SMA
The EUR/JPY cross trades in negative territory around 184.60 during the early European trading hours on Wednesday. The Japanese Yen (JPY) edges higher against the Euro (EUR) amid hawkish signals from the Bank of Japan (BoJ).
US President Trump: I have paused 50% tariffs against Canada
Following overnight negotiations with Canadian Prime Minister Mark Carney, US President Donald Trump announced on Wednesday, “I have paused 50% tariffs against Canada for a three-day period.”
RBA’s Hauser: Will have to raise rates again if inflation doesn’t come down
Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said during the Asian trading session on Wednesday that inflation is too high and the central bank needs to raise interest rates to bring price pressures down.
Japanese Yen gains ground as BoJ rate hike bets rise
The USD/JPY pair edges lower to around 159.45 during the Asian trading hours on Wednesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) as market expectations grow for another interest rate hike by the Bank of Japan (BoJ).
United Kingdom CPI inflation jumps to 2.9% YoY in July, as expected
The United Kingdom (UK) headline Consumer Price Index (CPI) climbed 2.9% over the year in July, compared to a rise of 2.6% in June, the data released by the Office for National Statistics (ONS) showed on Wednesday.
New Zealand Dollar declines to weekly low as USD holds firm ahead of FOMC Minutes
The NZD/USD pair is seen extending this week's retracement slide from the 0.5925 area, or the highest since June 3, and drifting lower for the second straight day on Wednesday.
British Pound declines below 1.3550 on soft UK labour figures, traders brace for CPI data
The GBP/USD pair loses ground to around 1.3535 during the early Asian trading hours on Wednesday. The British Pound (GBP) weakens against the US Dollar (USD) amid disappointing UK labour data.
Australia Wage Price Index (QoQ) in line with expectations (0.8%) in 2Q
Australia Wage Price Index (QoQ) in line with expectations (0.8%) in 2Q
Australia Wage Price Index (YoY) in line with expectations (3.2%) in 2Q
Australia Wage Price Index (YoY) in line with expectations (3.2%) in 2Q
Canadian Dollar consolidates near 1.3900 vs USD ahead of US tariffs deadline, FOMC Minutes
The USD/CAD pair struggles to capitalize on this week's modest recovery from its lowest level since June 3 and oscillates in a range around the 1.3900 mark during the Asian session on Wednesday.
PBOC sets USD/CNY reference rate at 6.7854 vs. 6.7905 previous
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7854 compared to the previous day's fix of 6.7905 and 6.7421 Reuters estimate.
Euro strengthens above 1.1550 on fading Fed hike bets
The EUR/USD pair trades with mild gains near 1.1580 during the early Asian session on Wednesday. The US Dollar (USD) softens against the Euro (EUR) as softer US inflation data dialed back expectations of tighter Federal Reserve (Fed) policy.
Australian Dollar reverses as Iran risks lift USD ahead of Fed minutes
The Aussie Dollar reversed its course against the Greenback on Tuesday as investors remain uncertain of the outcome of the Middle East conflict, which tends to push energy prices higher, increasing the likelihood that major central banks would need to tighten monetary policy.