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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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Gold Price Forecast: XAU/USD drifts higher to near $3,350 on rising Fed rate cut bets

The Gold price (XAU/USD) gains ground to near $3,350 during the early Asian session on Wednesday. The precious metal rebounds after bouncing off multi-day troughs around $3,330 amid the likelihood of a Federal Reserve (Fed) rate cut in September.

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GBP/USD springboards higher heading into a midweek lull

GBP/USD gained ground on Tuesday, climbing around one-half of one percent after economic releases from both the United Kingdom (UK) and the United States (US) tilted the scales in favor of the Pound Sterling (GBP) over the US Dollar (USD).

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AUD/USD posts modest losses to below 0.6550 as RBA delivers dovish cut

The AUD/USD pair trades with mild losses near 0.6530 during the early Asian session on Wednesday. The Australian Dollar (AUD) edges lower against the Greenback after the Reserve Bank of Australia (RBA) delivered a dovish rate cut at its August meeting.

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EUR/USD rises towards 1.1700 on soft US CPI, Fed rate-cut bets increase

The EUR/USD rises during the North American session, following the release of mixed inflation figures in the United States (US) and US President Donald Trump's threats to sue the Fed Chair Jerome Powell. At the time of writing, the pair edges up 0.50% at 1.1673.

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Treasury Secretary Bessent: Fed should look at 50 bps cut in September

US Treasury Secretary Scott Bessent gave an interview with Fox Business late Tuesday, touching on various policy topics both at home and abroad.

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Crude oil eases, WTI slips under $63 as EIA projects rising US output

West Texas Intermediate (WTI) slid back into the $62.60 region on Tuesday, falling to the low side of near-term consolidation as Crude Oil bulls struggle to find a reason to buy for the time being.

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Gold rallies as US CPI is mixed, while Trump remarks fuel rate cut bets

Gold price recovered some ground on Tuesday, climbing 0.20% following the release of July's inflation print in the United States (US). Although prices had risen, Bullion's was supported by US President Donald Trump's remarks threatening the Federal Reserve's (Fed) independence.

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Forex Today: Focus shifts to German inflation and Fedspeak

The US Dollar (USD) resumed its decline on turnaround Tuesday, leaving behind two daily advances in a row as investors assessed the latest CPI readings amid speculation of two interest rate cuts by the Fed in the latter half of the year.

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Dow Jones Industrial Average lurches higher after CPI inflation print

The Dow Jones Industrial Average (DJIA) caught some bullish lift on Tuesday, rising around 450 points after United States (US) Consumer Price Index (CPI) inflation data from July failed to push markets off of bets for an interest rate cut from the Federal Reserve (Fed) in September.

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AUD/USD rebounds above 0.6500 as RBA rate cut overshadowed by USD weakness

The Australian Dollar (AUD) recovers ground against the US Dollar (USD) on Tuesday, with the Reserve Bank of Australia's (RBA) interest rate cut decision overshadowed by broad Greenback softness following mixed US Consumer Price Index (CPI) figures.

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EUR/GBP muted as UK labor market steadies and EU economic sentiment weakens

The EUR/GBP stays flat during the North American session, as economic data in the UK initially pushed the pair lower, even though the European Union (EU) ZEW survey showed a deterioration in the bloc. The cross-pair trades at around 0.8644, muted.

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Swiss Franc strengthens as mixed US CPI, Trump's Powell threat weigh on Dollar

The Swiss Franc (CHF) strengthens against the US Dollar (USD) on Tuesday, with USD/CHF drifting lower as mixed US inflation data reinforced expectations of a Federal Reserve (Fed) rate cut in September.

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Fed's Schmid: Inflation is too high

Kansas City Fed President Jeffrey Schmid said on Tuesday that the muted impact of tariffs on inflation should be seen as evidence that monetary policy is "appropriately calibrated," not as a reason to cut interest rates.

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US President Trump slams Powell, threatens lawsuit; Dollar dips on Fed independence concerns

US President Donald Trump attacked the Federal Reserve Chair Jerome Powell on his social network, saying that he is "too late" to lower interest rates and must lower them "NOW." He complained that Steve Manunchin "really gave me a beauty when he pushed this loser," for the Fed Chair role.

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