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EUR/USD loses momentum to near 1.1850 ahead of ECB's Lagarde speech, Fed rate decision
The EUR/USD pair loses momentum near 1.1855, snapping the four-day winning streak during the Asian trading hours on Wednesday.
Gold pulls back from record highs as USD recovers ahead of Fed decision
Gold (XAU/USD) attracts some sellers during the Asian session on Wednesday and moves away from the all-time peak, levels just above the $3,700 mark touched the previous day.
USD/CAD rebounds to near 1.3750 ahead of policy meeting from Fed, BoC
USD/CAD gains ground after two days of losses, trading around 1.3750 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) holds ground ahead of the US Federal Reserve (Fed) policy decision.
GBP/USD remains below 1.3650 ahead of UK CPI data
GBP/USD loses ground after two days of gains, trading around 1.3640 during the Asian hours on Wednesday. The Pound Sterling (GBP) inches lower against the US Dollar (USD) ahead of the United Kingdom's (UK) Consumer Price Index (CPI) and Retail Price Index data.
Silver Price Forecast: XAG/USD slumps to near $42.00, investors brace for Fed rate decision
The Silver price (XAG/USD) tumbles to around $42.05 during the Asian trading hours on Wednesday. The white metal retreats from a 14-year high of nearly $42.80 amid some profit-taking. Traders brace for the US Federal Reserve (Fed) interest rate decision later on Wednesday for fresh impetus.
Japanese Yen softens amid modest USD bounce; focus remains on FOMC and BoJ
The Japanese Yen (JPY) retreats slightly after touching its highest level since July 24 against the rebounding US Dollar (USD) during the Asian session on Wednesday, though the downside potential seems limited.
UK CPI is expected to grow at faster pace in August, endorsing BoE hawks
The United Kingdom (UK) Office for National Statistics (ONS) will publish the high-impact Consumer Price Index (CPI) data for August on Wednesday at 06:00 GMT.
Australian Dollar edges lower as US Dollar holds ground ahead of Fed policy
The Australian Dollar (AUD) inches lower against the US Dollar (USD) on Wednesday after two days of gains.
US Dollar Index remains on the defensive below 97.00 as traders await the Fed rate decision
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, remains on the defensive near 96.70 as investors firmed bets for a Federal Reserve (Fed) interest rate cut later on Wednesday.
PBOC sets USD/CNY reference rate at 7.1013 vs. 7.1027 previous
On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1013 compared to the previous day's fix of 7.1027 and 7.1021 Reuters estimate.
Gold Price Forecast: XAU/USD edges higher to near $3,700 as Fed rate decision looms
The Gold price (XAU/USD) gains ground to around $3,695 during the early Asian session on Wednesday. The precious metal edges higher amid a weak US Dollar (USD) and growing expectations for multiple rate cuts by the Federal Reserve (Fed). All eyes will be on the Fed rate decision later on Wednesday.
WTI extends upside above $64.00 on tighter global supplies, weaker US Dollar
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.25 during the early Asian trading hours on Wednesday. The WTI extends the rally on concerns over Russian supply disruptions and a weaker US Dollar (USD).
USD/JPY tumbles below 146.50, all eyes on Fed rate decision
The USD/JPY pair remains under some selling pressure around 146.45 during the early Asian session on Wednesday. The US Dollar (USD) weakens against the Japanese Yen (JPY) as investors continue to assess the likelihood of extra interest rate cuts by the Federal Reserve (Fed) in the next few months.
NZD/USD breaks higher, inches toward 0.60
NZD/USD climbed through key technical resistance on Tuesday, chalking in another bullish candle and grinding closer toward the 0.6000 handle as the Greenback tumbles across the board.
EUR/USD surges to 1.1878, highest since 2021, as Fed cut bets sink Dollar
The EUR/USD rallied to a four-year high of 1.1878 on Tuesday as investors ditched the Dollar on increased bets that the Federal Reserve will resume its easing cycle this week. The pair trades at 1.1865, up almost 0.90% at the time of writing.
EUR/JPY rallies for second day as bullish setup targets 178.00
The EUR/JPY trends higher for the second straight day, hits a six-day high of 173.83 as the technical picture, suggests that further upside is seen. At the time of writing, the cross-pair trades at 173.80, up 0.25%.
EUR/USD holds firm above 1.1800 as strong US Retail Sales limits Dollar downside
The Euro (EUR) came under mild pressure against the US Dollar (USD) during the American session on Tuesday, as upbeat US economic data tempers risk appetite and lifts the Greenback modestly off recent lows.
European Commission President Ursula von der Leyen agrees to pressure Russia
European Commission (EC) President Ursula von der Leyen acknowledged she communicated with United States (US) President Donald Trump, and will instruct the EC to accelerate proposals to clamp down on Russian market access in retaliation for failing to reach a peacefire agreement with Ukraine.
AUD/USD continues bullish climb, taps 47-week high
AUD/USD extended into another bullish candle on Tuesday, extending the Australian Dollar's (AUD) recent bull run against a broad-market Greenback selloff.
Gold Price Forecast: XAU/USD approaches $3,700 on Dollar's weakness
Gold appreciated for the third consecutive day on Tuesday as the US dollar tanked amid hopes of a dovish turn by the Fed on Wednesday. The US Dollar Index has dropped to fresh two-month lows, which buoys the precious metal to fresh record highs right below $3,700.
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