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Japanese Yen edges higher against a broadly retreating USD, ahead of Fed/BoJ decisions
The Japanese Yen (JPY) edges higher against the retreating US Dollar (USD) during the Asian session on Wednesday and moves away from a one-week low touched the previous day.
AUD/JPY weakens to near 96.50 on softer Australian CPI inflation data
The AUD/JPY cross edges lower to near 96.50 during the Asian trading hours on Wednesday. The Australian Dollar (AUD) weakens against the Japanese Yen (JPY) after the softer-than-expected Australian inflation data.
Australian Dollar strengthens despite weaker inflation data
The Australian Dollar (AUD) appreciates against the US Dollar (USD) on Wednesday, halting its four-day losing streak.
PBOC sets USD/CNY reference rate at 7.1441 vs. 7.1511 previous
On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1441 as compared to the previous day's fix of 7.1511.
China's Finance Minister signals more proactive fiscal support amid rising uncertainty
China's Finance Minister Lan Fo'an said on Tuesday that the country will ramp up fiscal support to bolster domestic consumption and mitigate mounting economic headwinds.
NZD/USD extends the decline to near 0.5950, all eyes on Fed rate decision
The NZD/USD pair extends its downside to around 0.5955 during the early Asian session on Wednesday. Uncertainty surrounding the United States (US) and China tariff truce continues to undermine the China-proxy Kiwi.
EUR/USD extends selloff to 1.1550 as Dollar strengthens despite weak US data
The EUR/USD resumed its downtrend for the second straight day as market participants digest softer-than-expected economic data from the United States (US).
GBP/USD finds bottom ahead of key Fed rate call
GBP/USD found some balance on Tuesday, pumping the brakes on an extended backslide but falling just short of snapping its losing streak.
USD/CAD holds steady above 1.3750 ahead of BoC, Fed rate decisions
The USD/CAD pair trades on a flat note near 1.3770 during the early Asian session on Wednesday. Markets might turn cautious later in the day as traders brace for the imminent interest rate decision by the Bank of Canada (BoC) and the US Federal Reserve (Fed).
Australian CPI expected to remain stable for June
Australia will release inflation updates on Wednesday, two weeks ahead of the Reserve Bank of Australia (RBA) monetary policy meeting, scheduled for August 11-12.
US Treasury Secretary Scott Bessent: Not the end of the world if tariffs snap back
United States (US) Treasury Secretary Scott Bessent hit newswires on Tuesday following the conclusion of the latest round of trade talks between the US and China.
AUD/USD steadies above 0.6500 as traders eye Australia CPI, Fed decision
The Australian Dollar (AUD) stays under pressure for the fourth day in a row against the US Dollar (USD) on Tuesday, as the Greenback continues to gain strength.
Forex Today: The Fed is largely expected to stand pat
The US Dollar (USD) extended further its march north on Tuesday, reaching new multi-week highs on the back of rising scepticism surrounding the trade scenario, while investors geared up for the imminent interest rate decision by the Federal Reserve and, later in the week, the publication of the cruc
Canadian Dollar continues to slide ahead of Fed rate call
The Canadian Dollar (CAD) extended into a fourth straight day of losses against the US Dollar (USD) on Tuesday, continuing a Greenback-positive theme in the run-up to the latest interest rate call from the Federal Reserve (Fed).
GBP/USD slips to 10-week low as JOLTS miss offsets Fed caution
GBP/USD registers modest losses of over 0.10% on Tuesday after jobs data in the United States (US) showed signs of cooling, according to the Job Openings and Labor Turnover Survey (JOLTS). The Federal Reserve (Fed) has begun its two-day monetary policy meeting, which will end on July 30.
Euro extends losses as US-EU trade pact fuels US Dollar demand, Fed decision in focus
The Euro (EUR) edges lower for the second straight day against the US Dollar (USD) on Tuesday, as the Greenback extended its rally following the US-EU trade agreement, which has faced heavy criticism across Europe for being one-sided and heavily skewed in favor of the United States (US).
US CB Consumer Confidence Index rose to 97.2 in July
US consumer sentiment picked up extra pace in July, as the Conference Board's Consumer Confidence Index increased to 97.2 from a revised 95.2, adding to the previous recovery.
Lutnick: Deals are on the table for Trump to consider
US Commerce chief Howard Lutnick stated on Tuesday that President Trump is set to make his trade deal decisions this week, despite ongoing negotiations with China and the European Union, ahead of the August 1 deadline.
EUR/GBP weakens as US-EU trade deal backlash weighs on Euro sentiment
The Euro (EUR) continues to weaken against the British Pound (GBP) for a second consecutive day on Tuesday, dragged down by rising backlash to the US‑EU trade deal announced over the weekend.
US Dollar extends trade-driven rally as markets await key US economic data
The US Dollar (USD) is holding firm on Tuesday after posting its strongest single-day gain since May, rallying 1.0% on Monday. The rally came after the United States (US) and European Union (EU) announced a major trade deal framework on Sunday.
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