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Fed proposes easing capitalization requirements despite internal opposition
The Federal Reserve (Fed) announced a proposal to lower leverage ratios for major banks on Wednesday, drawing some criticism from Fed policymakers who intend to oppose the rule changes if and when they take place.
Forex Today: Focus remains on US data and comments from central bankers
The Greenback remained on the back foot, surrendering initial gains and refocusing on the downside as market participants kept assessing the ceasefire in the Middle East as well as the cautious message from Chair Powell.
AUD/USD steadies as markets assess central bank policy and growth prospects
The Australian Dollar (AUD) is steadying against the US Dollar (USD), following a two-day rally that lifted AUD/USD back above 0.6500.
Gold steadies at $3,334 as Powell sticks to hawkish stance, US data weakens
Gold prices remain steady during the North American session on Wednesday, rising over 0.30% as risk appetite improves due to the de-escalation and truce of the Israel-Iran conflict. Worse-than-expected housing data in the United States (US) could lead to actions by the Federal Reserve (Fed).
WTI snaps losing streak as US crude stockpiles fall
West Texas Intermediate (WTI) Crude Oil reverses course during the American session on Wednesday, snapping a two-day losing streak after spending much of the day drifting lower.
Dow Jones Industrial Average holds steady at the top end on Wednesday
The Dow Jones Industrial Average (DJIA) missed the bullish train on Wednesday, churning chart paper near the 43,000 major price handle as Dow traders ease into a lull after a tense start to the week.
EUR/JPY climbs as risk sentiment, policy divergence weigh on the Yen
The Euro (EUR) is strengthening against the Japanese Yen (JPY) in Wednesday's trading session, with improved risk sentiment dampening demand for the safe-haven Yen.
US tariffs: Is EU retaliation inevitable? - Standard Chartered
A sliding scale of potential EU retaliation against US tariffs, depending on trade negotiation progress. Sectoral tariffs are likely to be the key determinant of how far the EU is willing to push its own tariffs.
USD/JPY climbs as Yen slips on cautious BoJ, steady DXY
The Japanese Yen (JPY) weakens against the US Dollar (USD) on Wednesday, halting a two-day winning streak as the Greenback finds footing. A stabilizing US Dollar Index (DXY) and cautious sentiment following the Bank of Japan's (BoJ) latest policy commentary weighed on the Yen.
GBP/USD holds above 1.3600 as ceasefire lifts mood, BoE turns dovish
The Pound Sterling extends its gains to three straight days during the week, amid an upbeat market mood triggered by the ceasefire of the Israel-Iran conflict. Nevertheless, the truce remains fragile after both parties exchanged blows close to or after the deadline proposed by Washington.
Powell speech: Federal debt doesn't affect our month-to-month policy decisions
"Federal financial policy, debt, doesn't affect our month-to-month policy decisions," Federal Reserve (Fed) Chairman Jerome Powell said while testifying about the Semi-Annual Monetary Policy Report before the Senate Banking Committee on Wednesday.
Fed's Collins: Monetary policy well-positioned, time for patience and care
Federal Reserve Bank of Boston President Susan Collins said on Wednesday that the US economy is solid overall and added that the monetary policy is well-positioned, per Reuters.
USD/CAD edges higher ahead of Fed Powell's remarks
The Canadian Dollar (CAD) is softening against the US Dollar (USD) on Wednesday as the currency pair attempts to break free from a consolidation phase.
Silver Price Forecast: XAG/USD tests rising channel support, momentum indicators flash caution
Silver (XAG/USD) is showing muted price action on Wednesday, slipping modestly lower but staying within Tuesday's range. At the time of writing, the metal is trading around $35.75 during the American session, down roughly 0.46% on the day.
USD/INR firms near 86.00 as US Dollar stabilizes
The Indian Rupee (INR) weakens against the US Dollar (USD) during European trading hours on Wednesday, surrendering early gains as the Greenback steadies.
Gold holds steady as risk sentiment improves, Fed's Powell back in focus
Gold (XAU/USD) is trading within a tight range on Wednesday, as markets continue to show signs of optimism following Tuesday's ceasefire between Israel and Iran.
EUR/GBP flattens above 0.8500 while BoE's Bailey warns of UK labor market risks
The EUR/GBP pair trades flat around 0.8525 during European trading hours on Wednesday. The cross flattens as market experts reassess their expectations for the Bank of England's (BoE) monetary outlook for the remainder of the year amid growing concerns over United Kingdom's (UK) job market.
JPY soft as hawkish BoJ comms highlight importance of trade talks - Scotiabank
The Japanese Yen (JPY) is weak, down 0.5% against the US Dollar (USD) and underperforming all of the G10 currencies in relatively quiet trade overall, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
WTI Oil remains depressed below $65.00 on easing supply concerns
Crude Oil is consolidating losses on Wednesday, after having depreciated more than $10 from Monday's highs.
GBP trading in a tight range around 1.36 - Scotiabank
Pound Sterling (GBP) is entering Wednesday's NA session unchanged vs. the US Dollar (USD), consolidating in a tight range around 1.36 and trading just below Tuesday's multiyear high that reached levels last seen in January 2022, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report
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