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Australian Dollar slides below 0.7100 as Warsh strikes hawkish tone
AUD/USD extends losses on Wednesday after the Federal Reserve (Fed) raised interest rates and released a hawkish set of policy projections. The pair slides more than 20 pips in the immediate reaction and trades around 0.7093 at the time of writing.
Fed rate hike bolsters US Dollar Index above 100.00
The Dollar Index broke above 100.00, back above both of its long-run averages. The quarter-point that took the Fed to 3.75-4.00% was fully priced and worth nothing on its own.
Dow Jones Industrial Average slides behind a Federal Reserve hike
The Dow Jones Industrial Average (DJIA) trades just above 51,500 on Wednesday, down 576 points and 1.11%, its worst session of the month.
Federal Reserve hawkish hike sent Gold price lower
The United States (US) Federal Open Market Committee (FOMC)  announced a 25 basis-point (bps) interest rate hike following its two-day meeting, pushing the US Dollar (USD) firmly up against most major rivals. With this decision, the Funds Target Range (FFTR) stands floating in the 3.75%–4.00% range.
The Fed hikes to 4% as the 10-year yield toys with 5%
The Fed has raised its rate to 3.75-4.00%, its first increase since 2023 and its first move since the cut in December 2025. The rate it controls is the overnight one. Everything further out is set by people buying and selling bonds, and they have been selling.
The Pound sinks as the Fed overtakes the BoE
The Pound trades just under 1.3400, 91 pips lower and down 0.68%. The Fed took its rate to 3.75-4.00% and, measured at the midpoint of the new range, American money now pays more than British money for the first time this year.
The Euro breaks lower once the Fed raises rates
The Euro (EUR) trades just under 1.1500 against the US Dollar (USD) on Wednesday, through the pair of long-run averages that had held it up since early August.
United States Fed Interest Rate Decision in line with forecasts (4%)
United States Fed Interest Rate Decision in line with forecasts (4%)
WTI pulls back below $100 as Saudi Arabia steps up efforts to restore Oil flows
West Texas Intermediate (WTI) Oil falls on Wednesday as Saudi Arabia steps up efforts to restore flows through its East-West pipeline, which was damaged by a drone attack last week.
New Zealand Dollar steadies as markets await Fed decision
NZD/USD trades around 0.5755 at the time of writing on Wednesday, virtually unchanged on the day after rebounding from an over two-month low at 0.5737.
Russia Producer Price Index (MoM): 0.9% (August) vs -2.5%
Russia Producer Price Index (MoM): 0.9% (August) vs -2.5%
Russia Producer Price Index (YoY) down to 6.5% in August from previous 6.6%
Russia Producer Price Index (YoY) down to 6.5% in August from previous 6.6%
The Pound sells its own inflation spike ahead of a Fed hike
The British Pound (GBP) trades just above 1.3450 on Wednesday, down 23 pips, after a morning that ran in two directions. It climbed into the August inflation release at 06:00 GMT, spiked on it, then spent six hours handing the move back and another 30 pips with it.