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US FBI Director: China targets our food supply, putting American lives serious risk
Federal Bureau of Investigation (FBI) Director Kash Patel confirmed via post on X the arrest of two Chinese nationals charged for smuggling potential bioterror fungus into the US.
Australian Dollar remains stronger following Q1 GDP data
The Australian Dollar (AUD) appreciates against the US Dollar (USD) on Wednesday after registering over 0.5% losses in the previous session. The AUD/USD pair remains in positive territory following the release of mixed economic data from Australia.
PBOC sets USD/CNY reference rate at 7.1886 vs. 7.1869 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1886 as compared to the previous day's fix of 7.1869 and 7.1977 Reuters estimate.
NZD/USD strengthens to near 0.6000, eyes on potential US-China talks
The NZD/USD pair holds positive ground around 0.6000 during the early Asian session on Wednesday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) amid concerns over the impact of US President Donald Trump's tariffs on the US economy and global trade.
Iran says open to accept nuclear consortium on its soil
Iran is open to basing a nuclear deal with the United States (US) around the idea of a regional uranium enrichment consortium based in Iran, Axios reported on Wednesday, citing a senior Iranian official.
WTI extends upside above $62.50 geopolitical risks, supply fears
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.80 during the Asian trading hours on Tuesday. The WTI price extends the rally to two-week highs amid persistent geopolitical tensions and a weaker US Dollar (USD).
GBP/USD settles into a holding pattern just above 1.3500
GBP/USD trimmed bullish momentum on Tuesday, settling into slim chart churn just north of 1.3500.
USD/CAD remains on the defensive near 1.3700 ahead of BoC rate decision
The USD/CAD pair remains on the defensive around 1.3715 during the early Asian session on Wednesday. The Canadian Dollar (CAD) edges higher against the Greenback as crude oil prices rise.
Australia's Gross Domestic Product expected to show modest Q1 growth
The Australian Gross Domestic Product (GDP) will be released on Wednesday, with mixed expectations ahead of the announcement. The first quarter (Q1) figures from the Australian Bureau of Statistics (ABS) are expected to show that the economy made modest progress in the three months to March 2025.
AUD/JPY Price Forecast: Edges higher with eyes set on 94.00 as bullish harami emerges
The AUD/JPY opens Wednesday's Asian session with a positive mood, posting gains of over 0.08% at the time of writing. The cross-pair appears poised to extend the ongoing leg up, testing the May 29 daily high of 93.86.
USD/CHF Price Forecast: Rebounds from 6-week low, climbs past 0.8200
USD/CHF bounces off six-week lows of 0.8155 and surges past the 0.8200 figure as the Greenback is boosted by solid US jobs data, which is pushing the pair above its opening price by 0.26%.
Silver Price Forecast: XAG/USD pulls back from yearly highs stays above $34.50
Silver price trimmed some of its Monday's 5% gains, edging down 0.52% on Tuesday, with the grey metal trading near the $34.50 area, stuck to the highs of the current week.
AUD/USD retreats from psychological resistance as the Fed remains in the spotlight
The Australian Dollar (AUD) is erasing some of its gains against the US Dollar (USD) on Tuesday, after experiencing a positive surge in bullish momentum on Monday.
EUR/USD tumbles below 1.14 on US data as trade tensions resurface
EUR/USD retreats after hitting a six-week peak of 1.1454 on Tuesday amid increasing concerns of market participants regarding the trade war ignited by the United States (US). The Greenback's appreciation weighs on the pair, which trades at 1.1379, down 0.52%.
British Pound trades flat amid BoE caution, US Dollar recovers modestly
The British Pound (GBP) is trading flat against the US Dollar (USD) on Tuesday, edging slightly lower from its intraday high while remaining within Monday's range.
Mexican Peso trades sideways against the US Dollar as US jobs data remains in focus
The Mexican Peso (MXN) is trading in a tight range against the US Dollar (USD) on Tuesday, following the Greenback's recovery from Monday's sell-off.
Dow Jones Industrial Average rises as markets hope for trade deals
The Dow Jones Industrial Average (DJIA) rose on Tuesday, bolstered by endless optimism in the tech sector. AI rally frontrunner Nvidia (NVDA) led a chip-based market advance, surpassing Microsoft's market cap for the first time since January.
Forex Today: Further US hard data and the BoC meeting grab all the attention
After bottoming out in fresh multi-week troughs, the US Dollar (USD) managed to regain composure and advance markedly on turnaround Tuesday. The recovery, however, did not offset concerns over the impact of Trump's tariffs on the US economy and global trade.
Fed's discount rate meeting minutes: Businesses are preparing staff reductions if costs rise
The Federal Reserve's (Fed) discount rate meeting minutes from April 7, 28, and May 8 revealed that policymakers are increasingly uneasy about looming economic impacts, mostly from US trade policy.
WTI Crude Oil extends gains as Canada wildfires, geopolitical tensions, and a broadly weaker US Dollar support prices
West Texas Intermediate (WTI) Crude Oil prices continue their upward trajectory on Tuesday, marking the second day of gains. At the time of writing, WTI is hovering near Monday's high, trading around $63.06 per barrel, reflecting a nearly 2% increase on the day.
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