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Intervention buys the Japanese Yen less ground every time
The Yen had its best session in weeks on Wednesday and it still looks like a losing position.
Rising gilt yields are not saving the British Pound
Sterling has spent Wednesday handing back the last of its August rally, with GBP/USD trading just under 1.3500 after a session low a shade beneath 1.3475.
USD/CHF Price Forecast: Bulls eye 0.8200 as RSI turns higher
The USD/CHF pair advances some 0.13% on Wednesday as the Greenback holds within familiar levels, after depreciating versus the Japanese Yen amid speculation of an intervention in the FX markets. This dragged the pair from around five-week highs to the 0.8120 area.
Gold rises as speculation of Yen intervention weighs on the US Dollar
Gold (XAU/USD) price rises over 1% on Wednesday as the Greenback softens amid speculation of an intervention to bolster the Japanese Yen (JPY), while US Treasury yields hold firm after weak US jobs data. At the time of writing, the XAU/USD pair trades at $4,373.
South Korean Won: Strong exports and BoK stance back gradual KRW gains â Commerzbank
Commerzbank highlights that South Koreaâs export boom and a large trade surplus, combined with a hawkish Bank of Korea, are supportive for the Korean Won. They argue that changing FX flow dynamics should allow more of the surplus to translate into KRW strength.
US President Trump says Iran campaign âwonât lastâ, warns of more strikes
US President Donald Trump said on Wednesday that the renewed campaign against Iran âwonât continue for too long," adding that he is prepared to launch another attack on Iran.
Fedâs Beige Book shows modest economic growth as prices rise
The Federal Reserve (Fed) released its Beige Book on Wednesday, in which the US central bank stated that economic activity increased modestly since early July, while overall employment rose slightly. Regarding inflation, prices rose in eight districts.
WTI Oil fluctuates near six-week high as Middle East tensions fuel volatility
West Texas Intermediate (WTI) Oil sees two-way price swings on Wednesday as escalating tensions in the Middle East keep energy markets volatile and the geopolitical risk premium elevated.
Indonesian Rupiah: Higher oil prices add to IDR pressure - MUFG
MUFGâs Lloyd Chan remains cautious on the Indonesian Rupiah as domestic inflation accelerates and Gross Domestic Product (GDP) growth stays above 5%. The trade balance has improved slightly but remains weaker than 2025 averages due to higher Oil and gas imports.
Forex Today: Weekly claims and ISM Services keep the focus on the real economy
The US Dollar (USD) has traded in quite a volatile fashion on Wednesday, always amid the unabated tensions from the US-Iran crisis, speculation over another bout of FX intervention by Japanese authorities and bets for whatever the Fed might do or not do in the next few months.
Singapore Dollar: Downside risks remain against US Dollar â OCBC
OCBCâs Sim Moh Siong and Christopher Wong note that USD/SGD is rebounding alongside a stronger US Dollar (USD), supported by higher US Treasury yields and firmer Fed hike expectations.
British Pound: Break below 1.35 shifts focus lower against US Dollar â Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret describe GBP/USD as soft but mid-pack within the G10, with domestic data and Bank of England (BoE) events limited ahead of Governor Baileyâs speech.
British Pound hits three-week low as US yields, Iran risks weigh
The Pound Sterling (GBP) falls by some 0.11% and hits a three-week low against the US Dollar (USD) on Wednesday, even though the US Dollar Index (DXY) is in red territory, following US jobs data that were below estimates but signaled some cooling in the labor market.