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Sweden Producer Price Index (MoM): 0.1% (July)
Sweden Producer Price Index (MoM): 0.1% (July)
AUD/USD Price Forecast: Hot Australian CPI data boosts hawkish RBA bets
The Australian Dollar (AUD) outperforms its major currency peers on Wednesday, trading 0.2% higher to near 0.7180 against the US Dollar (USD) during the early European trading session.
ECB's Schnabel: Inflation likely to top 2% for extended period
European Central Bank (ECB) Executive Board member Isabel Schnabel said that inflation is unlikely to return to target over the medium term, and therefore further tightening will be necessary, Bloomberg reported on Wednesday.Â
EUR/USD Price Forecast: Declines to near 1.1650, overbought signals curb upside bias
The EUR/USD pair trades in negative territory near 1.1665 during the early European trading hours on Wednesday, pressured by a rebound in the US Dollar (USD). Markets turn cautious ahead of the release of the key US July Personal Consumption Expenditures (PCE) Price Index report later on Wednesday.Â
Swiss Franc weakens as US Dollar gains ahead of PCE inflation data
USD/CHF gains ground after posting minor losses, trading around 0.8040 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) gains support ahead of the upcoming US Personal Consumption Expenditures (PCE) release, the Federal Reserve’s key inflation metric.
Singapore Industrial Production (MoM): 2.3% (July) vs -7.2%
Singapore Industrial Production (MoM): 2.3% (July) vs -7.2%
Singapore Industrial Production (YoY) above expectations (6.6%) in July: Actual (6.8%)
Singapore Industrial Production (YoY) above expectations (6.6%) in July: Actual (6.8%)
Indonesian Rupiah remains subdued amid market caution, external headwinds
USD/IDR remains stronger for the second successive day, trading around 17,760 during the Asian hours on Tuesday. The pair continues to hold its ground while the Indonesian Rupiah (IDR) faces ongoing pressure from a cautious market sentiment and persistent external headwinds.
Japan’s Kiuchi: CPI expected to gradually rise due to Middle East conditions
Japan's Economy Minister Minoru Kiuchi said on Wednesday that he expects consumer prices to gradually rise amid the Middle East situation.
British Pound edges lower but remains close to multi-month top as USD awaits US PCE
The GBP/USD pair trades with a negative bias below mid-1.3600s during the Asian session on Wednesday, eroding a part of the previous day's strong gains.
EUR/USD Price Forecast: Remains sideways ahead of key US events
The Euro (EUR) continues to trade in a tight range at around 1.1660 against the US Dollar (USD) during the Asian trading session on Wednesday.
New Zealand Dollar declines as US Dollar advances ahead of PCE index data
NZD/USD depreciates after registering modest gains in the previous day, trading around 0.5960 during the Asian hours on Wednesday.
Japanese Yen strengthens on US bond buyback, traders brace for US PCE inflation report
The USD/JPY pair loses ground to near 158.90 during the Asian trading hours on Wednesday. The US Treasury’s bond buyback programs weigh on the US Dollar (USD) against the Japanese Yen (JPY).