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DXY: FOMC and data - OCBC
US Dollar (USD) strength moderated overnight, following the pullback in UST yields. DXY was last at 98.82 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR/JPY remains subdued near 171.00 as German economy contracts in Q2, Eurozone GDP eyed
EUR/JPY extends its losses for the third successive session, trading around 171.10 during the European hours on Wednesday. The currency cross holds losses following key economic data from Germany, the largest economy in the Eurozone. Traders shift their focus toward Eurozone GDP data.
NZD/USD picks up above 0.5950 as the US Dollar eases ahead of the Fed
The New Zealand Dollar is showing a mild recovery attempt against its US counterpart, trimming losses after a four-day losing st¡treak, as investors brace for the US Federal Reserve's monetary policy decision due later today.The Kiwi picked up from 0.5945 lows but remains trapped within Tuesday's ra
Forex Today: GDP releases from major economies, BoC and Fed rate decisions to ramp up volatility
Here is what you need to know on Wednesday, July 30:
German Preliminary GDP contracts 0.1% QoQ in Q2 as expected
The German economy contracted by 0.1% over the quarter in the second quarter of 2025, following a 0.4% increase in the first quarter, according to the preliminary data published by Destatis on Wednesday. Markets expected a 0.1% contraction in the reported period.
Pound Sterling trades with caution against US Dollar ahead of Fed interest rate decision
The Pound Sterling (GBP) trades cautiously near 1.3350 against the US Dollar (USD) during the European trading session on Wednesday as investors await the Federal Reserve's (Fed) monetary policy announcement at 18:00 GMT.
WTI holds near $69.00, five-week highs, following Trump's renewed threat to Russia
West Texas Intermediate (WTI) Oil price steadies after registering gains in the previous two successive sessions, trading around $68.90 per barrel during the early European hours on Wednesday.
EUR/GBP softens to near 0.8650 after German Retail Sales data
The EUR/GBP cross trades on a negative note near 0.8650 during the early European session on Wednesday. The Euro (EUR) weakens against the Pound Sterling (GBP) despite the upbeat German economic data.
China's Politburo says economic foundation is stable
China's Politburo held its latest meeting, with the key takeaways noted below.
German Retail Sales rise 4.9% YoY in June vs. 1.6% previous
Retail Sales in Germany rose 1.0% month-over-month (MoM) in June, following the revised 1.6% decline reported in May, according to official data released by Destatis on Wednesday.The market forecast was for a 0.5% increase.On an annual basis, Retail Sales rose 4.9% in June vs. May's 1.6% revision.
FX option expiries for Jul 30 NY cut
FX option expiries for Jul 30 NY cut at 10:00 Eastern Time via DTCC can be found below.
US GDP is expected to bounce up in Q2, buoyed by resilient consumption
The United States (US) Bureau of Economic Analysis (BEA) is set to publish its preliminary estimate of second-quarter Gross Domestic Product (GDP) on Wednesday at 12:30 GMT.
USD/CHF drifts lower to near 0.8050 as traders brace for Fed rate decision
The USD/CHF pair trades in negative territory around 0.8055 during the early European session on Wednesday. Markets turn cautious ahead of the US Federal Reserve (Fed) interest rate decision and the US tariff deadline.
EUR/JPY slides to near 171.00 as US-EU deal weakens Euro
The EUR/JPY pair slumps to near 171.00 during the Asian trading session on Wednesday. The pair falls sharply as the Euro (EUR) continues to underperform its peers, following the announcement of a trade agreement between the United States (US) and the European Union (EU) on Sunday.
USD/CAD Price Forecast: Tests rectangle's upper boundary near 1.3800 barrier
USD/CAD halts its four-day winning streak, trading around 1.3770 during the Asian hours on Wednesday.
USD/INR advances as Trump signals higher import duty on India
The Indian Rupee (INR) extends its downside against the US Dollar (USD) at open on Wednesday, sliding to near 87.30.
India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.
EUR/USD holds positive ground above 1.1550, all eyes on Fed rate decision
The EUR/USD pair gains ground to near 1.1560, snapping the four-day losing streak during the Asian trading hours on Wednesday. However, the potential upside for the major pair might be limited ahead of the crucial US events.
GBP/USD holds ground around 1.3350 as US Dollar weakens ahead of Fed decision
GBP/USD edges higher after four days of losses, trading around 1.3360 during the Asian hours on Wednesday.
US Dollar Index remains below 99.00 ahead of Fed policy decision
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is halting its four-day winning streak and trading around 98.80 during the Asian hours on Wednesday.
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