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Australian Dollar moves little following mixed Chinese CPI
The Australian Dollar (AUD) remains steady against the US Dollar (USD) on Wednesday after registering more than 0.50% gains in the previous session. The AUD/USD pair moves little following the release of the Consumer Price Index (CPI) data from China, Australia's close trading partner.
NZD/USD holds positive ground above 0.6000 as RBNZ leaves interest rate unchanged at 3.25%
The NZD/USD pair gains ground to around 0.6000 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) strengthens against the Greenback after the Reserve Bank of New Zealand (RBNZ) interest rate decision.
US Dollar Index edges higher above 97.50 ahead of FOMC Minutes
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, edges higher to near 97.55 during the Asian trading hours on Wednesday. The release of the FOMC Minutes will be in the spotlight later on Wednesday.
China's CPI inflation arrives at 0.1% YoY in June vs. 0% expected
China's Consumer Price Index (CPI) rose at an annual pace of 0.1% in June after declining 0.1% in May, the National Bureau of Statistics of China reported on Wednesday. The market consensus was for 0% in the reported period.
PBOC sets USD/CNY reference rate at 7.1541 vs. 7.1534 previous
On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1541 as compared to the previous day's fix of 7.1534 and 7.1806 Reuters estimate.
US Treasury Sec. Bessent says US tariff revenue could reach $300 billion this year
US Treasury Secretary Scott Bessent spoke late Tuesday at a White House cabinet meeting.
WTI gains ground above $67.00 amid renewed Red Sea attacks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $67.15 during the early Asian trading hours on Wednesday. The WTI price edges higher amid renewed Houthi attacks on shipping in the Red Sea.
RBA's Hauser: Enormous amount of uncertainty in global economy
Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said early Wednesday that there is an enormous amount of uncertainty in the global economy.
USD/CAD trades with mild gains above 1.3650 as Trump vows 50% tariff on copper
The USD/CAD pair trades with mild gains near 1.3665 during the early Asian session on Wednesday. The Canadian Dollar (CAD) softens against the Greenback after US President Donald Trump reignited concerns following tariffs on Japan and South Korea.
GBP/USD coils as investors await tariff clarity again
GBP/USD churned the charts near 1.3600 as the market grapples with inconsistent policy messaging on President Donald Trump's whipsaw tariff policies.
EUR/USD holds ground as EU spared from tariffs, Trump urges Fed cuts and delays deadline
EUR/USD registers minimal gains during the North American session as the US dollar erases some of its earlier gains, following US President Donald Trump's demand that the Federal Reserve cut interest rates, as he delays the July 9 deadline towards August 1.
RBNZ expected to keep interest rate on hold after six consecutive cuts
The Reserve Bank of New Zealand (RBNZ) is expected to keep the Official Cash Rate (OCR) steady at 3.25% following the conclusion of its July monetary policy meeting on Wednesday.
Canadian Dollar corkscrews as market sentiment roils on fresh tariff threats
The Canadian Dollar (CAD) struggled on Tuesday, briefly gaining ground against the US Dollar (USD). Risk-off flows returned to the forefront and kicked the Loonie back into the day's opening bids just below 1.3700.
AUD/USD rises after RBA holds rates, attention shifts to FOMC Minutes
The Australian Dollar (AUD) is strengthening against the US Dollar (USD) on Tuesday, following the Reserve Bank of Australia's (RBA) decision to hold the cash rate steady at 3.85%.
US Commerce Secretary Lutnick: 15-20 letters expected, copper tariffs by August
US Commerce Secretary Howard Lutnick revealed that another 15 to 20 letters are expected to be announced in the next two days, he said in a CNBC interview.
Forex Today: Focus shifts to the FOMC Minutes
The Greenback could not maintain its initial strong momentum, finishing the day with only a slight change from Monday's closing levels. Meanwhile, investors remained watchful of events on the trade front after President Trump reignited concerns following tariffs on Japan and south Korea.
NZD/USD flattens as risk sentiment sours ahead of RBNZ rate decision
The New Zealand Dollar (NZD) halts its gains against the US Dollar (USD) on Tuesday, as the Greenback strengthens following renewed tariff threats and an extension of the deadline for reciprocal tariffs.
USD/JPY climbs toward 147.00 as trade tensions dominate sentiment, FOMC Minutes loom
The Japanese Yen (JPY) is weakening against the US Dollar (USD) on Tuesday as markets digest the latest tariff threats on Japan and weigh the potential prospects of a trade deal.
Gold price crashes as US yields soar, Trump tariff fears ease
Gold price is plunging over 1% on Tuesday during the North American session as appetite for its safe-haven demand diminished, although US President Donald Trump announced that the first tariff letters had been sent to some of the US's trade partners.
Dow Jones Industrial Average grapples with recursive trade talk
The Dow Jones Industrial Average (DJIA) struggled to maintain its balance on Tuesday, churning chart paper near 44,350 as the Trump administration angles to keep the pressure on trade talks.
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