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Fed's Bostic warns that tariffs may cause some structural changes

Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic took a general measure of the US economy's health, noting a general weakening in the latest round of labor data, and also noted that certain segments are struggling under the weight of tariffs more than others.

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Fed's Goolsbee: Fed independence crucial, tariffs pose stagflationary risks

Chicago Fed President Austan Goolsbee crossed the wires and said that economists are unanimous that the Federal Reserve (Fed) must be independent from political interference.

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US President Trump: Fed rates should be at 1%, second Putin meeting uncertain

United States (US) President Donald Trump delivered his latest thoughts on his efforts to be the primary peace deal broker between Russia and Ukraine on Wednesday, and dipped back into the Federal Reserve (Fed) pool of usual statements to reiterate his own estimations of where interest rates should

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WTI Crude plunges to two-month low as surprise US stock build stokes oversupply fears

West Texas Intermediate (WTI) Crude Oil slumped further on Wednesday, falling below the psychological $62 mark and hitting its lowest level since early June.

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GBP/USD rallies as Fed cut bets soar despite hot core CPI

The GBP/USD advances during the North American session, up by 0.56% as the Greenback gets battered amid increasing bets that the Federal Reserve might resume its easing cycle as soon as September. The pair trades at 1.3572 after bouncing off lows of 1.3487.

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Euro climbs to near three-week high amid US Dollar weakness and Fed rate cut bets

The Euro (EUR) extends gains for the second consecutive session on Wednesday, climbing above $1.1700 to its highest level in nearly three weeks, supported by broad US Dollar (USD) weakness after the latest US Consumer Price Index (CPI) report.

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EUR/CHF Price Forecast: Bulls eye breakout above 0.9430 as Swiss Franc under pressure on US tariff shock

The EUR/CHF cross is trading flat but remains resilient above the 0.9400 level on Wednesday, consolidating its recent gains after a strong rebound from the lower end of its multi-month trading range.

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EUR/GBP weakens as Pound holds firm ahead of UK, Eurozone GDP data

The Euro (EUR) extends its decline against the British Pound (GBP) on Wednesday, with EUR/GBP coming under renewed selling pressure after failing to sustain Tuesday's overnight bounce. At the time of writing, the pair trades near 0.8625 in the early American session, down around 0.25% on the day.

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Gold holds above $3,350 as mild inflation data weighs on US Dollar

Gold (XAU/USD) extends its rebound on Wednesday, advancing for a second day after recovering from over a one-week low near $3,330.

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US Treasury Sec. Bessent: Good chance of 50 basis point rate cut

In an interview with Bloomberg on Wednesday, United States (US) Treasury Secretary Scott Bessent said that there is a good chance that the Federal Reserve (Fed) could opt for a 50 basis points rate cut at the next meeting.

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Gold Price Forecast: XAU/USD ticks up to near $3,360, wobbles around 20-day EMA

Gold price (XAU/USD) trades marginally higher to near $3,360.00 during the European trading session on Wednesday.

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JPY gains on broader developments ahead of GDP - Scotiabank

The Japanese Yen (JPY) is up 0.4% against the US Dollar (USD) and a relative underperformer among the G10 in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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GBP extends Tuesday's jobs-driven rally - Scotiabank

The Pound Sterling (GBP) is up 0.6% against the US Dollar (USD) and outperforming most of the G10 currencies into Wednesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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USD/CAD remains limited below 1.3800, Loonie lacks bullish momentum

The Canadian Dollar is drawing some support from the generalised US Dollar weakness, as the moderate US inflation figures seen on Tuesday boosted expectations of Fed monetary easing in September. The pair, however, remains within previous ranges, as the Loonie lacks upside momentum.

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EUR extending recovery and threatening fresh highs - Scotiabank

The Euro (EUR) is entering Wednesday's NA session with an impressive 0.5% gain against the US Dollar (USD), rising in tandem with most of its G10 peers in an environment of broadbased USD weakness.

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Canadian institutional investors cut USD exposure - Scotiabank

The Canadian Dollar (CAD) has picked up a little ground against the weaker USD on the session but gains are minimal and the CAD is underperforming its peers quite obviously, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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USD slides as focus returns to rates, spreads - Scotiabank

The US Dollar (USD) is weaker overall this morning and it is perhaps no great surprise, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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USD/JPY Price Forecast: US Dollar is nearing a key support area at 147.00

The US Dollar is trading lower against its main peers on Wednesday, and has extended its reversal against the Japanese Yen after the moderate US inflation figures shown on Tuesday boosted hopes that the Fed will cut interest rates in after the summer.July's Consumer Prices Index figures showed that

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AUD/USD jumps to near 0.6560 as US Dollar underperforms across the board

The AUD/USD pair posts a fresh two-week high around 0.6560 during the European trading session on Wednesday.

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USD/CNH: Any decline is unlikely to threaten 7.1700 - UOB Group

US Dollar (USD) is likely to edge lower to 7.1780; any further decline is unlikely to threaten the support at 7.1700.

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