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British Pound weakens as US Dollar gains despite easing safe-haven demand
GBP/USD edges lower after registering modest gains in the previous day, trading around 1.3450 during the Asian hours on Wednesday.
Euro edges lower below 1.1550 on Hormuz uncertainty
The EUR/USD pair trades with mild losses near 1.1530 during the Asian trading hours on Wednesday. Uncertainty surrounding US-Iran talks weighs on riskier assets such as the Euro (EUR) against the US Dollar (USD).
Australian Dollar consolidates near 0.7050, highest since June 17 amid reviving USD demand
The AUD/USD pair struggles to break through the 100-day Simple Moving Average (SMA) pivotal barrier near mid-0.7000s and consolidates near its highest level since June 17, touched during the Asian session on Wednesday.
China’s RatingDog Services PMI eases to 50.4 in July, vs. 53.7 expectedÂ
China's Services Purchasing Managers' Index (PMI) declined to 50.4 in July from 54.1 in June, the latest data published by RatingDog showed on Wednesday. This figure came in weaker than the market expectations of 53.7.Â
China RatingDog Services PMI came in at 50.4, below expectations (53.7) in July
China RatingDog Services PMI came in at 50.4, below expectations (53.7) in July
New Zealand ANZ Commodity Price: -3.9% (July) vs previous -1%
New Zealand ANZ Commodity Price: -3.9% (July) vs previous -1%
Japanese Yen edges higher on upbeat wages data, hawkish BoJ Minutes and soft USD
The USD/JPY pair struggles to capitalize on this week's solid bounce from the 155.25-155.20 area, or the lowest level since early May, and edges lower during the Asian session on Wednesday. Spot prices, however, lack follow-through selling and hold just above mid-157.00s amid mixed cues.
PBOC sets USD/CNY reference rate at 6.7889 vs. 6.7917 previous
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7889 compared to the previous day's fix of 6.7917 and 6.7480 Reuters estimate.
WTI rises to near $75.00 despite diplomatic progress in Middle East
West Texas Intermediate (WTI) oil price appreciates after registering over 5% losses in the previous day, trading around $75.00 per barrel during the Asian hours on Wednesday.
US Treasury Secretary Bessent: Many Asian currencies track Yen now, including Won and Yuan
US Treasury Secretary Scott Bessent said that the weakness of the Japanese Yen (JPY) has contributed to Japan’s inflation problem and raised the risk of broader depreciation of Asian currencies, Bloomberg reported on Tuesday.
Iran rejects US claim of open Strait of Hormuz
Iran rejects US Treasury Secretary Scott Bessent's and US President Donald Trump's claim that the Strait of Hormuz will open tomorrow under a new deal, Fars news agency reported on Tuesday.
Hong Kong SAR S&P Global PMI: 51 (July) vs previous 52
Hong Kong SAR S&P Global PMI: 51 (July) vs previous 52
Japan Jibun Bank Services PMI came in at 51.2, below expectations (51.9) in July
Japan Jibun Bank Services PMI came in at 51.2, below expectations (51.9) in July