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EUR/GBP holds positive ground near 0.8650, investors await UK GDP data 

The EUR/GBP cross trades on a stronger note near 0.8650 during the early European session on Wednesday. The Euro (EUR) edges higher against the Pound Sterling (GBP) on potential talks between US President Donald Trump and Russian President Vladimir Putin in Alaska on Friday to end sanctions.

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FX option expiries for Aug 13 NY cut

FX option expiries for Aug 13 NY cut at 10:00 Eastern Time via DTCC can be found below.

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USD/CHF trades cautiously near 0.8060 as US CPI weighs on Greenback

The USD/CHF pair trades with caution around 0.8060 during the late Asian session on Wednesday.

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EUR/JPY climbs to over two-week top, around 173.00 amid notable JPY supply

The EUR/JPY cross prolongs its uptrend for the fourth consecutive day - also marking the sixth day of a positive move in the previous seven - and advances to over a two-week high during the Asian session on Wednesday.

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US Dollar Index loses traction to near 98.00 as traders ramp up Fed cut bets

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in negative territory near 98.00 during the Asian trading hours on Wednesday.

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GBP/USD steadies around 1.3500 amid rising odds of Fed rate cuts

GBP/USD remains steady after registering 0.5% gains in the previous session, trading around 1.3500 during the Asian hours on Wednesday.

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USD/INR trades flat at open as India's inflation cools

The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) at around 87.75 on Wednesday.

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

Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.

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Silver Price Forecast: XAG/USD bulls flirt with trend-line resistance around $38.20 area

Silver (XAG/USD) gains positive traction for the second consecutive day and builds on the momentum beyond the $38.00 mark during the Asian session on Wednesday.

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WTI holds gains as OPEC+ raises Oil demand forecast, trims supply outlook

West Texas Intermediate (WTI) Oil price edges higher after registering more than 1% losses in the previous session, trading around $62.50 per barrel during the Asian hours on Wednesday.

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Gold looks to build on Tuesday's post-US CPI bounce from one-week-low

Gold (XAU/USD) is trading with a positive bias during the Asian session on Wednesday and looking to build on the previous day's bounce from the $3,331 area, or a one-and-a-half-week low.

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EUR/USD drifts higher above 1.1650 as US CPI data support Fed rate cut bets

The EUR/USD pair gains momentum to around 1.1685 during the Asian trading hours on Wednesday. The US Dollar (USD) weakens against the Euro (EUR) amid rising bets of a Federal Reserve (Fed) rate cut in September.

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China to hit Canadian canola with 75.8% tariffs--WSJ

Chinese authorities stated that they intend to impose a tariff of 75.8% on shipments of canola, effective Thursday, the Wall Street Journal reported on Wednesday. This move came after Canada imposed tariffs on Chinese EVs last year, escalating a trade conflict between Ottawa and Beijing. 

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Asian stocks advance with Nikkei 225 hovers near record highs

Asian stocks rise on Wednesday after Wall Street's overnight rally, following United States (US) inflation data that strengthened expectations for a US Federal Reserve rate cut in September.

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Treasury Sec. Bessent: US, China trade officials to meet again within three months

US Treasury Secretary Scott Bessent said early Wednesday that American and Chinese trade officials will meet again within the next two to three months to discuss the future of their economic ties.

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Japanese Yen drifts back closer to a one-week low against the rebounding USD

The Japanese Yen (JPY) meets with a fresh supply during the Asian session on Wednesday and reverses a part of the overnight recovery gains from a one-week low touched against its American counterpart.

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Australian Dollar dips as RBA rate cut signals easing inflation trends, cooling employment

The Australian Dollar (AUD) declines on Wednesday after registering gains in the previous session. The AUD/USD pair remains subdued following the release of Wage Price Index data for the second quarter.

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USD/CAD gathers strength to above 1.3750 after US CPI data

The USD/CAD pair gathers strength to near 1.3780 during the Asian trading hours on Wednesday. A decline in crude oil prices weighs on the commodity-linked Canadian Dollar (CAD) and creates a tailwind for the pair.

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PBOC sets USD/CNY reference rate at 7.1350 vs. 7.1418 previous

On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1350 as compared to the previous day's fix of 7.1418 and 7.1759 Reuters estimate.

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NZD/USD softens to near 0.5950 as China's deflation concerns persist

The NZD/USD pair loses traction near 0.5950 during the early Asian session on Wednesday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) despite rising bets for a Federal Reserve (Fed) September rate cut. Traders will take more cues from Fedspeak later on Wednesday. 

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