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Australian Dollar weakens below 0.7150 as markets brace for Fed rate decision

The AUD/USD pair declines to around 0.7120 during Asian trading hours on Wednesday. Expectations of a US interest rate hike provide some support to the US Dollar (USD) and act as a headwind for the pa ...

PBOC’s Pan says will rely less on loan growth targets and more on rate tools to guide policy

The People’s Bank of China (PBOC) Governor Pan Gongsheng said on Wednesday that the Chinese central bank will rely less on loan growth targets and more on interest rate tools to guide policy.

CLARITY fails to pass Senate, what happens next?

The US Senate on Tuesday blocked further consideration of the Digital Asset Market Clarity Act, with a procedural vote falling short of the 60 required YEA. The motion to advance the bill failed 49-50 ...

Silver Price Forecast: XAG/USD bears have the upper hand below $64.00 and 200-day EMA

Silver (XAG/USD) struggles to capitalize on the previous day's modest gains and fails to break above the $64.00 round figure during the Asian session on Wednesday.

EUR/JPY Price Forecast: Holds ground above 179.00 within oversold territory

EUR/JPY gains ground for the third successive day, trading around 179.10 during Asian hours on Wednesday. Technical analysis of the daily chart shows the currency cross trading within a descending cha ...

August UK inflation report expected to show rising inflation

The United Kingdom (UK) Office for National Statistics (ONS) will publish the highly anticipated Consumer Price Index (CPI) data for August on Wednesday at 06:00 GMT.

United States Dollar Index gains ground ahead of Fed interest rate decision

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is continuing its winning streak for the sixth consecutive day and trading around 99.70 during ...

Euro sticks to losses near one-month low as USD bulls retain control ahead of Fed decision

The EUR/USD pair sticks to a negative bias for the fifth straight day and trades around the 1.1535-1.1530 area during the Asian session on Wednesday.

Australia Westpac Leading Index (MoM) down to 0% in August from previous 0.04%

British Pound softens below 1.3500 as traders await UK CPI data, Fed rate decision

The GBP/USD pair loses ground to near 1.3470 during the early Asian trading hours on Wednesday. The US Dollar (USD) strengthens against the British Pound (GBP) on expectations of a US interest rate hi ...

PBOC sets USD/CNY reference rate at 6.7628 vs. 6.7670 previous

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7628 compared to the previous day's fix of 6.7670 and 6.7148euters estimate.

Canadian Dollar languishes near two-week low as bullish USD offsets oil gains ahead of Fed

The USD/CAD pair retains its positive bias for the sixth straight day, trading near the 1.3930 area, a two-week high during the Asian session on Wednesday amid a bullish US Dollar (USD).