Market news
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MUFG Sees Steady BoE Outlook After UK CPI, Jobs Data
MUFG's Derek Halpenny says UK July CPI was broadly in line with expectations and keeps the Bank of England outlook steady following CPI and labour market data.
Indonesian Rupiah Holds Firm as BI Keeps Rate at 5.75%
USD/IDR slipped to about 17,870 in European trading after Bank Indonesia left its policy rate unchanged at 5.75%, supporting the rupiah.
Canada tariff delay gives only muted CAD relief, Commerzbank says
Commerzbank's Michael Pfister notes the three-day delay in new 50% US tariffs on selected Canadian goods has triggered only a modest Canadian dollar rebound, with uncertainty over a possible deal still weighing.
"We Are Disappointed": iFOREX Cuts EBITDA Outlook After July Income Falls 77%
iFOREX cut its FY 2026 adjusted EBITDA forecast to $0.5M-$2.5M after July trading income fell 77% year over year, hurt by US-Japan yen intervention.
AUD/USD Forecast: Rising 20-Day EMA Backs Near-Term Bullish Bias
AUD/USD traded lower around 0.7070 on Wednesday, but a rising 20-day EMA keeps the near-term outlook tilted bullish.
Korean Won, Taiwan Dollar Lead Asia FX Gains as Lower US Yields Offset Oil Risk
MUFG’s Lloyd Chan notes the Korean won and Taiwan dollar are outperforming in Asia FX as softer US yields and a resilient tech cycle ease oil-price concerns.
Euro Pares Gains Against Pound After UK CPI Hits 2.9%
The EUR/GBP cross pulled back to around 0.8555 in early European trading after stronger UK inflation data supported the British pound.
EUR/USD Holds Bullish Bias Above 1.1550
EUR/USD is trading in positive territory near 1.1585 in early European hours, with the bullish outlook intact after the German ZEW survey beat expectations.
USD/CHF Softens Toward 0.8120 as Fed Hike Bets Fade
USD/CHF is trading around 0.8120 in Asian hours Wednesday, giving back the prior day's modest gains as fading US rate hike expectations weigh on the dollar.
EUR/JPY Softens Near 184.50 as Mildly Bearish Bias Persists
EUR/JPY is trading around 184.60 in early European hours, with the yen supported by hawkish Bank of Japan signals and the cross holding below its 100-day SMA.
Canadian Dollar Strengthens as Trump Pauses Tariffs and USD Slips Before FOMC Minutes
USD/CAD met fresh supply during Asian trading on Wednesday as the Canadian dollar gained after President Trump paused 50% tariffs, while the US dollar weakened ahead of FOMC minutes.
EUR/USD Steady in 1.1550–1.1600 as FX Markets Mute
Major currencies are stable and lacking direction while the US-Iran conflict intensifies but fails to trigger forex volatility, with EUR/USD holding between 1.1550 and 1.1600.
Gold Rebounds From Weekly Low as Dollar Softens Before FOMC Minutes
Gold recovered from its weekly low reached during Wednesday’s Asian session, climbing back above $4,350 as the U.S. dollar softened ahead of FOMC minutes.
Aussie Dollar Weakens Despite RBA Deputy's Hawkish Inflation Remarks
AUD/USD slips for a second straight session to around 0.7080, even as RBA Deputy Governor Andrew Hauser stresses that inflation remains unacceptably high.
Silver Extends Decline Toward $63 on Energy Supply Worries
XAG/USD slipped 0.5% to near $63.00 in Asian trading on Wednesday, building on Tuesday's losses as energy supply risks kept inflation concerns in focus.
Trump pauses 50% tariffs on Canada for three days
President Donald Trump says he has paused 50% tariffs on Canada for three days after overnight talks with Canadian Prime Minister Mark Carney.
RBA's Hauser Warns More Rate Hikes Possible If Inflation Stays High
Reserve Bank of Australia Deputy Governor Andrew Hauser said inflation is still too high and further rate increases may be needed if price pressures do not ease.
Japanese Yen Strengthens as BoJ Rate Hike Bets Build
USD/JPY slipped toward 159.45 in Asian trading as market expectations increased for another Bank of Japan rate hike.
US Dollar Index Steadies Above 99.50 on Safe-Haven Support
The US Dollar Index is hovering around 99.60 in Asian trading after minor gains the previous day, supported by safe-haven demand.
UK CPI Expected to Hit Four-Month High on Energy Costs
The UK's July CPI report is expected to show inflation rebounding to a four-month high, driven by higher energy bills.
NZD/USD Slides to Weekly Low as Dollar Firms Before FOMC Minutes
NZD/USD extends its pullback from the 0.5925 area and trades near weekly lows as the US dollar holds firm ahead of FOMC Minutes.
Pound Drops Below 1.3550 on Soft UK Jobs Data
GBP/USD slid to around 1.3535 in early Asian trading as weak UK labour figures pressured sterling, with CPI data next in focus.
USD/CAD consolidates near 1.3900 ahead of US tariff deadline and FOMC minutes
The pair is rangebound around 1.3900 in Asian trading after a modest recovery from its weakest since June 3, with markets watching US tariff news and FOMC minutes.
PBOC lowers USD/CNY reference rate to 6.7854
The People's Bank of China set the USD/CNY reference rate at 6.7854 on Wednesday, below the previous fix of 6.7905.