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GBP/USD Price Forecast: Slides below mid-1.3400s, over one-week low ahead of UK CPI

The GBP/USD pair drifts lower for the third consecutive day on Wednesday - also marking the fourth day of a negative move in the previous five - and drops to an over one-week low during the Asian session.

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EUR/USD extends downside below 1.1650 ahead of ECB's Lagarde speech

The EUR/USD pair extends the decline to near 1.1635 during the early European trading hours on Wednesday. The US Dollar (USD) strengthens against the Euro (EUR) as traders await the Federal Reserve's (Fed) annual Jackson Hole symposium later on Friday for clues on the US interest rate path.

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USD/INR bounces back as FIIs continue to pare stake in Indian stock market

The Indian Rupee (INR) opens lower against the US Dollar (USD) on Wednesday after a three-day winning streak.

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India Gold price today: Gold rises, according to FXStreet data

Gold prices rose in India on Wednesday, according to data compiled by FXStreet.

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Gold hits three-week low as USD steadies and Russia-Ukraine peace hopes rise

Gold (XAU/USD) hits a nearly three-week low during the Asian session on Wednesday, with the bears now awaiting a sustained break below the 100-day Simple Moving Average (SMA) before positioning for further losses.

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NZD/USD Price Forecast: Falls toward 0.5700 after RBNZ policy decision

NZD/USD continues its three-day losing streak, trading around 0.5830 during the Asian hours on Wednesday. The pair loses ground after the Reserve Bank of New Zealand (RBNZ) announced to cut interest rates by 25 basis points, bringing the Official Cash Rate (OCR) to 3%, as expected.

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Silver Price Forecast: XAG/USD dips toward 50-day EMA near $37.00

Silver price (XAG/USD) extends its losing streak for the fifth consecutive session, trading around $37.20 per troy ounce during the Asian hours on Wednesday.

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RBNZ's Hawkesby: Next two meetings are live, no decisions have been made

Reserve Bank of New Zealand (RBNZ) Governor Christian Hawkesby explains the decision to reduce the Official Cash Rate (OCR) by 25 basis points (bps) to 3% at a press conference following the August monetary policy meeting on Wednesday.

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Japanese Yen edges higher as BoJ-Fed divergence offsets weak domestic data

The Japanese Yen (JPY) reverses a modest Asian session downtick led by mixed domestic data and turns positive for the second straight day against a firmer US Dollar (USD) on Wednesday. A government report showed that Japan's core Machinery Orders unexpectedly rose in June.

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AUD/NZD rallies beyond 1.1000, highest since early April after RBNZ's dovish 25 bps rate cut

The AUD/NZD cross attracts some dip-buyers near the 1.0940 region, or a one-and-a-half-week low touched during the Asian session on Wednesday, and snaps a two-day losing streak.

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UK CPI is expected to tick up, endorsing BoE hawks' positions  

The United Kingdom (UK) June Consumer Price Index (CPI) is scheduled for release on Wednesday at 06:00 GMT. The report, released by the Office for National Statistics (ONS), is closely watched amid the potential impact of inflation data on the Bank of England (BoE) monetary policy decisions.

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Australian Dollar remains weaker following China's interest rate decision

The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Wednesday, extending its losses for the third consecutive session.

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NZD/USD falls to near 0.5850 as RBNZ delivers a quarter basis point rate cut

NZD/USD extends its losses for the third successive session, trading around 0.5850 during the Asian hours on Wednesday. The pair depreciates following the interest rate decision by the Reserve Bank of New Zealand (RBNZ).

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US Dollar Index strengthens above 98.00 ahead of FOMC Minutes

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a stronger note around 98.30 during the Asian trading hours on Wednesday.

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PBOC sets USD/CNY reference rate at 7.1384 vs. 7.1359 previous

On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1384 as compared to the previous day's fix of 7.1359 and 7.1897 Reuters estimate.

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PBOC leaves Loan Prime Rates unchanged in August

The People's Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Wednesday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively. 

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WTI drifts lower to near $62.00 on talks to end Russian invasion of Ukraine

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.05 during the early Asian trading hours on Wednesday. The WTI edges lower on the prospect of peace in Ukraine after the end of talks between US President Donald Trump and Ukrainian President Volodymyr Zelenskiy. 

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White House says Russia-Ukraine meeting plans are underway following Trump meetings

White House press secretary Karoline Leavitt said that plans for a bilateral meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy are now underway, CNN reported on Tuesday. 

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US Treasury Sec. Bessent: Status quo with China is working very well

US Treasury Secretary Scott Bessent said late Monday that the talks between the United States (US) and China are going well, adding that he expects US growth to pick up in the fourth quarter (Q4). 

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GBP/USD eases ahead of bloated data docket

GBP/USD eased lower on Tuesday, edging back below 1.3500 as Cable traders await a reason to make a move. The trading week opened up with little of note on the economic data docket, leaving markets to react to headline flows that remained constrained.

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