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Australian Dollar strengthens against Japanese Yen following CPI data
AUD/JPY gains ground for the second consecutive day, trading around 114.20 during the Asian hours on Wednesday.
BoJ to raise rate to 1.25% in September — Reuters poll
According to August 17-24 survey in a Reuters poll, 57% of economists expected the Bank of Japan (BoJ) to raise its interest rate in September, a sharp turnaround from a July poll.
Australian Dollar strengthens after hot CPI report; eyes multi-month high ahead of US PCE
The AUD/USD pair attracts buyers for the second straight day and climbs to the 0.7170 area following the release of Australian consumer inflation figures during the Asian session on Wednesday.
WTI drops amid Middle East diplomacy, eased US sanction fears
West Texas Intermediate (WTI) oil price extends its losses for the third consecutive day, trading around $80.10 per barrel during the Asian hours on Wednesday.
Australia Construction Work Done came in at -2.1% below forecasts (0.5%) in 2Q
Australia Construction Work Done came in at -2.1% below forecasts (0.5%) in 2Q
Australia Westpac Leading Index (MoM) dipped from previous 0.04% to 0% in July
Australia Westpac Leading Index (MoM) dipped from previous 0.04% to 0% in July
Japan Corporate Service Price Index (YoY): 3.6% (July) vs 3.2%
Japan Corporate Service Price Index (YoY): 3.6% (July) vs 3.2%
Canadian Dollar weakens amid falling oil prices as USD holds steady ahead of US PCE
The USD/CAD pair edges higher during the Asian session on Wednesday, though it remains confined within the previous day’s range. Spot prices currently trade around mid-1.3800s as traders now look to the US Personal Consumption Expenditures (PCE) Price Index for some meaningful impetus.
PBOC sets USD/CNY reference rate at 6.7829 vs. 6.7852 previous
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7829 compared to the previous day's fix of 6.7852 and 6.7166 Reuters estimate.
Euro steadies above 1.1650 ahead of US PCE data
The EUR/USD pair flatlines near 1.1675 during the early Asian trading hours on Wednesday. The US Treasury's decision to expand its long-term bond buyback program could weigh on the US Dollar (USD) against the Euro (EUR).
Canada announces 'dollar-for-dollar' retaliatory tariffs up to 50% against US
Canada said that it will implement 50% retaliatory tariffs on $20bn worth of US goods, following through on Prime Minister Mark Carney’s vow to match US President Donald Trump’s duties “dollar for dollar,” the Guardian reported.
Iran and Oman push talks for ‘interim’ reopening of Hormuz — Bloomberg
Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed an “interim framework” aimed at resuming shipping through the Strait of Hormuz, Bloomberg reported on Tuesday.
Gold advances above $4,650 on US Dollar weakness, Treasury bond buyback plans
Gold price (XAU/USD) rises to around $4,670, the highest since May 14, during the early Asian session on Wednesday. The precious metal extends the rally amid a weaker US Dollar (USD) and as the US Treasury’s bond buyback plans.