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GBP/USD holds gains above 1.3600 due to improved risk appetite
GBP/USD extends its winning streak for the third successive session, trading around 1.3620 during the Asian hours on Wednesday. The pair is hovering around 1.3648, the highest since February 2022, which was recorded on Tuesday.
Premier Li: China's economy showed a steady improvement in the second quarter
Speaking at the t World Economic Forum (WEF) in Tianjin on Wednesday, China's Premier Li Qiang said that "Judging from key indicators, China's economy showed a steady improvement in the second quarter."
Japanese Yen stands firm near one-week high against USD amid BoJ rate hike bets
The Japanese Yen (JPY) remains on the front foot against its American counterpart during the Asian session on Wednesday and remains close to a one-week high touched the previous day amid a combination of supporting factors.
Australian Dollar remains strong despite a weaker-than-expected Monthly CPI
The Australian Dollar (AUD) extends its gains for the third successive session on Wednesday. The AUD/USD pair remains stronger following the release of Australia's Monthly Consumer Price Index (CPI), which climbed by 2.1% year-over-year in May.
WTI drifts lower below $65.00 after Israel agrees to Iran ceasefire
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.90 during the Asian trading hours on Wednesday. The WTI price tumbles to a two-week low near $64.75 after Israel agrees to a ceasefire with Iran after nearly two weeks of conflict.
Australia's monthly CPI inflation eases to 2.1% YoY in May vs. 2.3% expected
Australia's monthly Consumer Price Index (CPI) eased to 2.1% in the year to May, compared to a 2.4% rise seen in April, according to the data published by the Australian Bureau of Statistics (ABS) on Wednesday.
BoJ' Tamura: Inflation is on track, somewhat stronger than expected
The Bank of Japan (BoJ) board member Naoki Tamura said on Wednesday that inflation is on track or moving somewhat stronger than expected.
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