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Colombia Interest rate above forecasts (12%): Actual (12.25%)
Colombia Interest rate above forecasts (12%): Actual (12.25%)
Mexican Peso pain deepens above 18.00 as carry appeal fades
The Mexican Peso (MXN) prolongs its agony, extending losses by over 0.11% against the Greenback for the third straight day on Wednesday, while USD/MXN continues to trade above the psychological level of 18.00 as the carry trade loses its appeal.
Forex Today: Fedspeak, Jobless Claims and ISM data steal the show
The US Dollar (USD) has traded with marginal gains, coming under pressure following daily tops near 101.50 as investors evaluated softer-than-expected PCE data in August and trimmed some bets on extra tightening by the Federal Reserve (Fed) in the following months.
EUR/USD Price Forecast: Monthly outlook mixed, daily chart remains bearish
EUR/USD remains on the defensive on Wednesday as a broadly stronger US Dollar (USD) weighs on the pair, leaving the Euro on track for a loss of more than 2% in September. At the time of writing, EUR/USD trades around 1.1337, close to Tuesdayâs low of 1.1312, its weakest level since May 2025.
Gold canât catch a PCE break as long US yields keep climbing
Gold prices (XAU/USD) retreated on Wednesday, down 0.6%, after US inflation data came in above the Federal Reserveâs (Fed) 2% goal but below estimates, prompting investors to price in a less hawkish central bank than expected. The XAU/USD trades at $4,155 at the time of writing.
WTI set for monthly gain amid US-Iran stalemate
West Texas Intermediate (WTI) Oil rebounds on Wednesday and remains on track for a monthly gain of around 5.5%. The lack of progress in US-Iran negotiations to reopen the Strait of Hormuz keeps geopolitical risks elevated, even as Middle East supply conditions improve.
ECBâs Lagarde warns France needs a credible path to rein in debt
European Central Bank (ECB) President Christine Lagarde said that Franceâs debt situation is âserious at 120% of GDP and without a path to lowering it.â
ECBâs Schnabel says yields surge could cool inflation pressures
European Central Bank (ECB) Governing Council member Isabel Schnabel said Wednesday that high costs are passed through to consumers more quickly when the economy is resilient.
Russia Unemployment Rate meets forecasts (2.2%) in August
Russia Unemployment Rate meets forecasts (2.2%) in August
Australian Dollar reverses post-PCE rebound as US Dollar recovers
AUD/USD declines 0.41% on Wednesday and trades around 0.6960 at the time of writing, having fully erased its initial rebound following the release of softer-than-expected United States (US) inflation data.
Silver Price Forecast: XAG/USD remains vulnerable near $60
Silver (XAG/USD) trades under pressure on Wednesday even as traders reduce bets that the Federal Reserve (Fed) will raise interest rates again in October following softer-than-expected US PCE inflation data.
British Pound catches second wind as soft PCE knocks Fed hike bets
The Pound Sterling (GBP) posts solid gains versus the US Dollar (USD) on Wednesday, edging up 0.42% as the latest US inflation figures were below estimates, reaffirming New York Federal Reserve (Fed) President John Williams' comments that the Fed is in no rush to tighten monetary policy.
Colombia National Jobless Rate rose from previous 8.1%Â to 9.1% in August
Colombia National Jobless Rate rose from previous 8.1%Â to 9.1% in August