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New Zealand Dollar rallies to 0.5700 vs USD on expected RBNZ rate hike
The NZD/USD pair attracts some buyers in reaction to the Reserve Bank of New Zealand's (RBNZ) anticipated interest rate hike and reclaims the 0.5700 mark during the Asian session on Wednesday.
British Pound declines to near 1.3350 as US launches strikes on Iran
The GBP/USD pair loses traction to near 1.3355 during the Asian trading hours on Wednesday. The US Dollar (USD) edges higher against the British Pound (GBP) amid renewed geopolitical tensions after the US renewed strikes on Iran.
New Zealand RBNZ Interest Rate Decision in line with expectations (2.5%)
New Zealand RBNZ Interest Rate Decision in line with expectations (2.5%)
Euro struggles above 1.1400 as fresh US strikes on Iran support USD ahead of FOMC Minutes
The EUR/USD pair defends the 1.1400 mark during the Asian session on Wednesday, though it struggles to attract any meaningful buyers on the back of renewed US-Iran hostilities.
PBOC sets USD/CNY reference rate at 6.8077 vs. 6.8054 previous
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8077 compared to the previous day's fix of 6.8054 and 6.8018 Reuters estimate.
RBA’s Hunter: Board will intervene as necessary to bring inflation back to target
Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter said on Wednesday that the central bank will act as needed to bring inflation back to target, even as the recent oil shock has yet to produce a marked slowdown in economic activity.
Japanese Yen edges higher as intervention fears return
The USD/JPY pair trades with mild losses near 162.35 during the early Asian session on Wednesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) as traders continue to watch for signs of possible intervention by Japanese authorities to support the currency.
Japan Trade Balance - BOP Basis down to ¥6.9B in May from previous ¥395.7B
Japan Trade Balance - BOP Basis down to ¥6.9B in May from previous ¥395.7B
Japan Bank Lending (YoY) came in at 5.7%, below expectations (5.8%) in June
Japan Bank Lending (YoY) came in at 5.7%, below expectations (5.8%) in June
EUR/GBP Price Forecast: Bearish bias persists below 0.8600
EUR/GBP trades with a positive bias on Tuesday as sellers take a breather following the recent selloff that pushed the cross to a more than one-year low. At the time of writing, EUR/GBP is trading around 0.8550 after rebounding from an intraday low of 0.8533, its lowest level since June 2025.
United States RealClearMarkets/TIPP Economic Optimism (MoM) came in at 45.5, above forecasts (45) in July
United States RealClearMarkets/TIPP Economic Optimism (MoM) came in at 45.5, above forecasts (45) in July
Canada Ivey Purchasing Managers Index s.a below expectations (59.1) in June: Actual (56.2)
Canada Ivey Purchasing Managers Index s.a below expectations (59.1) in June: Actual (56.2)
British Pound: Capped by layered resistance against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the British Pound (GBP) is slightly softer against the US Dollar (USD) after encountering resistance near 1.3400, with limited fresh data and Bank of England (BoE) news.