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US-Japan trade agreement pose accidental threat to US auto sector

United States (US) President Donald Trump is racing to secure preliminary trade deals ahead of his own self-imposed tariff deadline of August 1, following a self-imposed delay of President Trump's "liberation day" tariffs that were initially announced in early April.

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AUD/USD climbs on improved risk appetite and dampening demand for US Dollar

The Australian Dollar (AUD) is extending its gains against the US Dollar (USD) on Wednesday, supported by renewed global risk appetite and tailwinds from the newly announced US-Japan trade agreement.

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NZD/USD gains ground amid easing trade tensions and weaker USD

The New Zealand Dollar (NZD) extends gains for a second straight day against the US Dollar (USD) on Wednesday, as the Greenback remains under pressure amid a modest recovery in risk appetite following somewhat easing global trade tensions.

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Forex Today: PMIs draw attention amid expectations of a steady hand from the ECB

President Trump's announcement of a trade deal between the US and Japan and prospects of a potential US-EU agreement weighed on the US Dollar (USD), which added to the persistent ongoing weakness.

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Dow Jones Industrial Average rallies on potential trade deals

The Dow Jones Industrial Average (DJIA) caught a strong bid on Wednesday, rising to its highest levels in five months and knocking on the door of fresh all-time highs.

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EUR/CHF steady ahead of ECB policy decision, Euro buoyed by optimism around US-EU tariff deal

The Euro (EUR) reverses its intraday losses against the Swiss Franc (CHF) on Tuesday, with the EUR/CHF cross rebounding to trade around 0.9331 during the American trading hours.

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US-EU close to tariff deal mirroring Japan pact - Financial Times

Following the US-Japan deal on Tuesday, Washington and Brussels appear close to an agreement that would impose 15% duties on European imports, as reported by a copy of the deal struck with the Asian country via the Financial Times (FT).

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USD/JPY edges lower as US-Japan trade deal supports flows to the Yen

USD/JPY is experiencing its third consecutive day of losses on Wednesday as traders reassess positioning in the wake of a newly announced trade agreement between the US and Japan.

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GBP/USD rises past 1.3550 as US-Japan trade deal fuels risk-on rally

The GBP/USD rose more than 0.30% on Wednesday, boosted by an upbeat risk appetite following the announcement of the US-Japan trade deal, which increased demand for high-beta currencies like the British Pound and other commodity currencies.

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EUR/GBP slips as traders brace for ECB monetary policy decision

The Euro (EUR) weakens against the British Pound (GBP) on Wednesday as investors turn their focus to the European Central Bank (ECB) policy decision due Thursday. The EUR/GBP cross is under pressure, trading around 0.8655 during the American trading hours, down nearly 0.43% on the day.

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USD/CAD edges higher as US-Japan trade deal offers support to US Dollar

USD/CAD is trading slightly higher on Wednesday, hovering just above the 1.3600 level, as a US-Japan trade agreement offers the Greenback some short-term relief.

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Silver Price Forecast: XAG/USD treads water near multi-year highs amid cautious optimism

Silver (XAG/USD) is treading water on Wednesday after a sharp two-day run to mark fresh multi-year highs. The metal consolidating just below the key $39.50 mark during the American trading hours.

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Gold rally pauses as US-Japan deal offers temporary relief, Fed pressure and EU risks linger

Gold (XAU/USD is undergoing a modest pullback on Wednesday, as markets assess the implications of a United States (US)-Japan trade agreement and remain cautious ahead of further developments in the European Union (EU)-US negotiations.

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US Dollar steadies as markets weigh US-Japan deal

The US Dollar (USD) steadies on Wednesday after a rough three-day decline. Traders seem to be taking a breather as tensions around global trade ease somewhat after the US and Japan reached a trade deal ahead of the looming August 1 tariff deadline.

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AUD/JPY pulls back from intra-day highs at 96.65, despite the favourable risk sentiment

The Australian Dollar is one of the strongest performers in a risk-off session on Wednesday and is trading higher against the safe-haven Japanese Yen.

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US Treasury Sec. Bessent: Not in a rush to nominate Powell's replacement

In an interview with Bloomberg TV on Wednesday, United States (US) Treasury Secretary Scott Bessent noted that they are not in a rush to nominate a new Federal Reserve (Fed) chair to replace Chairman Jerome Powell.

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Gold Price Forecast: XAU/USD eyes triangle breakout, aims to revisit all-time highs around $3,500

Gold price (XAU/USD) trades firmly above $3,400 during the European trading session on Wednesday, the highest level seen in over five weeks. The precious metal strengthens as global trade tensions continue to persist even as the United States (US) has confirmed a trade agreement with Japan.

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JPY trade relief is tempered by political risk - Scotiabank

The Japanese Yen (JPY) is up a marginal 0.1% against the US Dollar (USD) as market participants temper their response to the announcement of a US/Japan trade agreement amid uncertainty surrounding PM Ishiba's political future, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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GBP: Few domestic developments ahead PMI's Thursday - Scotiabank

The Pound Sterling (GBP) steady, showing a marginal gain as it extends its recovery of the month-to-date pullback from its July 1 high, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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EUR is underperforming on the day - Scotiabank

The Euro (EUR) is soft, down 0.2% against the US Dollar (USD) and underperforming all of the G10 currencies into Wednesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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