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US judge blocks Trump from firing Fed Governor Lisa Cook -- Reuters
A federal judge on Tuesday temporarily blocked US President Donald Trump from firing Federal Reserve (Fed) Governor Lisa Cook as her lawsuit challenging her termination plays out in court, Reuters reported.
Japanese Yen flickers as BoJ hawkish bets clash with political uncertainty, USD recovery
The Japanese Yen (JPY) is seen oscillating in a narrow trading band against its American counterpart during the Asian session on Wednesday amid mixed fundamental cues.
WTI extends upside above $62.00 after Israel attacks on Qatar
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.15 during the early Asian trading hours on Wednesday.
Australian Dollar remains subdued following China's CPI data
The Australian Dollar (AUD) loses ground on Wednesday for the second consecutive day.
Russian drone incursions suspected into Poland, breaching NATO airspace - Reuters
Reuters reported early Wednesday that Poland placed its air defenses on high alert after Ukraine's Air Force warned of a suspected Russian drone incursion into Polish airspace, breaching the North Atlantic Treaty Organization (NATO) airspace.
PBOC sets USD/CNY reference rate at 7.1062 vs. 7.1008 previous
On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1062 compared to the previous day's fix of 7.1008 and 7.1359 Reuters estimate.
USD/CAD strengthens above 1.3850 on trade deal uncertainty
The USD/CAD pair extends the rally to near 1.3855 during the early Asian session on Wednesday. The Canadian Dollar (CAD) weakens against the US Dollar (USD) as trade worries put pressure on Canada's economy.
US President Donald Trump urges EU to impose 100% tariffs on China, India to pressure Russia
US President Donald Trump has urged the European Union (EU) to impose 100% tariffs on Chinese and Indian goods in an effort to pressure Russian President Vladimir Putin, the Financial Times reported on Tuesday.
GBP/USD reverses gains ahead of US inflation figures
GBP/USD briefly touched a four-week peak on Tuesday, testing chart territory north of 1.3550 before getting dragged back into the low side, snapping a two-day winstreak and putting Cable back on track for a decline to the 1.3500 handle.
When is the China CPI, and how could it impact AUD/USD?
The latest Chinese Consumer Price Index (CPI) inflation report for August is due early on Wednesday at 01:30 GMT. Headline Chinese CPI inflation is expected to contract, forecast to decline 0.2% YoY compared to the previous print of 0.0%.
US President Donald Trump says trade negotiations with India are still continuing
US President Donald Trump said that his administration is continuing negotiations with India to address trade barriers between the two countries, Reuters reported late Tuesday.
USD/JPY weakens below 147.50 as traders bet on Fed rate cut
The USD/JPY pair loses momentum to around 147.35 during the early Asian session on Wednesday. The US Dollar (USD) weakens against the Japanese Yen (JPY) amid speculation of a larger rate cut by the US Federal Reserve (Fed) next week.
AUD/USD grapples with Greenback resurgence
AUD/USD briefly toyed with a seven-week high north of 0.6600 before settling back and paring intraday gains. Tuesday saw another sharp downside revision in US jobs data, reigniting market-wide glee for Federal Reserve (Fed) interest rate cuts.
USD/CHF Price Forecast: Steadies near 0.7970 as payroll revision sparks Fed cut bets
The USD/CHF stopped its fall on Tuesday, rose over 0.51% following a worse than expected Nonfarm Payrolls benchmark revision, which revealed that the labor market is cooling faster than expected.
EUR/USD falls to 1.1705 as US Dollar rebounds despite Fed cut bets
EUR/USD retreated over 0.48% on Tuesday, even though data from the United States (US) seems to confirm that the Federal Reserve (Fed) might reduce interest rates at next week's meeting.
Gold hits $3,674 record before US Dollar rebound caps rally
Gold price advanced for the third consecutive day and reached a new record high of $3,674, before retreating somewhat as a jump in US Treasury yields boosted appetite for the Greenback.
Silver Price Forecast: XAG/USD consolidates below $41.50 with bearish RSI divergence
Silver (XAG/USD) trades under pressure on Tuesday, retreating from recent highs as a modest rebound in the US Dollar (USD) and Treasury yields weighs on the metal. At the time of writing, spot prices are trading near $40.85, down over 1% on the day.
Canadian Dollar sinks after NFP revisions drive US Dollar higher
The Canadian Dollar (CAD) backslid on Tuesday, driven lower by a general improvement in US Dollar (USD) flows. The Loonie is down over one-quarter of one percent against the Greenback, with the US Dollar Index (DXY) climbing nearly 0.3% on the day for comparison.
Forex Today: Inflation comes to the fore with US PPI and China's CPI
The US Dollar (USD) managed to leave behind a drop to multi-week lows and regain some upside traction on Tuesday, while market participants assessed the NFP Annual Revision amid speculation of a larger rate cut by the Federal Reserve at its meeting next week.
Dow Jones Industrial Average froths as employment revisions support Fed rate cuts
The Dow Jones Industrial Average (DJIA) briefly tested the high side on Tuesday, bolstered by sharp downward revisions in US job hiring over the past 18 months.
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