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Forex Today: US Dollar firms ahead of a packed session
The US Dollar (USD) has extended its recovery on Wednesday following a Consumer Price Index (CPI) report that printed in line with forecasts. The US Dollar Index (DXY) has pushed back above the 100.00 mark, and the bid has broadened out against most majors heading into a data-heavy Thursday.
Japanese Yen stumbles as US Dollar strengthens
USD/JPY is back around the mid-159.00s area, testing the day's highs after rebounding sharply from a low around the 158.60 level.
EUR/USD Price Forecast: Fading bullish momentum puts focus on 1.1500 support
EUR/USD edges lower on Wednesday, reversing earlier gains as the US Dollar (USD) shrugs off in-line US Consumer Price Index (CPI) data. At the time of writing, the pair trades around 1.1521 after touching an intraday high of 1.1563.
United States 10-Year Note Auction increased to 4.683% from previous 4.58%
United States 10-Year Note Auction increased to 4.683% from previous 4.58%
British Pound holds near 1.3500 as CPI relief meets Hormuz risk
The Pound Sterling (GBP) holds firm within familiar levels on Wednesday after the US inflation report was in line with estimates, a relief for the Federal Reserve (Fed), which is laser-focused on tackling higher prices. The GBP/USD pair trades at around 1.3500 after reaching a high of 1.3546.
Australian Dollar slips as US Dollar steadies post CPI
AUD/USD is trading near the 0.7070 zone, holding onto a minority of Wednesday's gains after the pair touched a session high near 0.7090.
Russia Consumer Price Index (MoM) down to 0.5% in July from previous 0.87%
Russia Consumer Price Index (MoM) down to 0.5% in July from previous 0.87%
Singapore Dollar: Strong Singapore growth supports SGD against US Dollar – Commerzbank
Commerzbank analysts highlight that Singapore’s final Q2 GDP was revised up, lifting H1 growth to 6.1% year-on-year and prompting MTI to raise its 2026 GDP forecast to 4.5–5.5%.
New Zealand Dollar struggles as political uncertainty overshadows US inflation
NZD/USD retreats to around 0.5865 on Wednesday at the time of writing, down 0.25% on the day. The New Zealand Dollar (NZD) remains under pressure against the US Dollar (USD), while inflation data from the United States (US) triggers only a limited reaction across the foreign exchange market.
Euro steadies against Pound Sterling as traders await UK GDP verdict
The Euro (EUR) steadies against the Pound Sterling (GBP) on Wednesday, with EUR/GBP trading flat near the 0.8540 zone after two consecutive declines.
British Pound: Improving sentiment supports gains against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report the British Pound (GBP) is posting fractional gains versus the US Dollar (USD) and outperforming G10 peers as improving sentiment supports price action.
Canadian Dollar steadies as US inflation meets expectations, Oil limits downside
USD/CAD trades around 1.3915 on Wednesday at the time of writing, virtually unchanged on the day with a modest decline of 0.06%.
Brazil: Lula victory could deepen fiscal risks - Societe Generale
Societe Generale analysts Brendan McKenna and Dev Ashish outline scenarios for Brazil’s 2026 election, assigning a 65% probability to President Lula winning a fourth term and 30% to Flavio.