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AUD/USD holds near two-and-a-half-month high on soft dollar
AUD/USD is trading around 0.7118, up 0.43% on Wednesday, supported by broad US dollar weakness and bullish technical signals.
Mexican Peso Hits Two-Year High as US Treasury Buyback Pressures Dollar
USD/MXN dropped to 16.95 after the peso reached a two-year high of 16.94, as falling US yields and a larger Treasury buyback weakened the dollar.
NZD/USD Jumps as Falling US Yields Weigh on Dollar
The New Zealand dollar rose sharply on Wednesday, trading near 0.5930 and up 0.96% on the day as weaker US Treasury yields pressured the US dollar.
Gold surges toward $4,500 as Treasury buyback sinks US yields
Gold jumped more than 3.7% on Wednesday, trading near $4,495 and hitting its highest since June as falling US yields weighed on the dollar.
EUR/GBP nears two-week high as UK services inflation cools
EUR/GBP is trading near 0.8570, supported by a softer British pound after cooling UK services inflation data.
Bank Indonesia Holds Rate at 5.75% to Support Rupiah
Bank Indonesia kept its benchmark rate at 5.75% for a second straight month, with BNY's Geoff Yu saying the decision is aimed at backing the rupiah.
Pound Jumps as Treasury Buyback Weakens the Dollar
Sterling advanced against the dollar after the US Treasury announced buybacks of longer-dated bonds, easing yield pressure and weighing on the greenback.
Yen Advances as Falling Treasury Yields Pressure Dollar
The Japanese yen extended its intraday gains on Wednesday as a slide in longer-term US Treasury yields triggered fresh dollar selling, pushing USD/JPY toward 158.47.
Commerzbank sees downside risks for Thai baht stability
Commerzbank expects the Bank of Thailand to keep its policy rate at 1.0%, while rising commodity prices and foreign outflows pose downside risks for the baht.
RBA Keeps Hawkish Bias as Inflation Concerns Persist
The Reserve Bank of Australia remains worried about inflation, and Deputy Governor Andrew Hauser said further rate hikes cannot be ruled out, according to BNY's Geoff Yu.
Dollar Index Slips as US Treasury Doubles Long-Dated Debt Buybacks
The US Dollar Index came under renewed selling pressure on Wednesday after the Treasury Department expanded its buyback program for long-dated debt, sending longer-term Treasury yields sharply lower.
South Korean Won's Growth-Driven Recovery Offers Policy Lesson, ING Says
ING's Chris Turner highlights how earlier portfolio outflows and a weaker won drove USD/KRW to 1560 in June, despite a large current account surplus.
China Yuan Support Eyed as July Data Show Growth Slowdown
Commerzbank analysts say weaker July industrial production and retail sales in China highlight fading momentum, putting policy support in focus for the yuan.
Euro hits June highs as falling Treasury yields pressure US dollar
EUR/USD climbed sharply on Wednesday to its highest level since June as the US dollar came under selling pressure following the US Treasury's buyback announcement.
Rabobank flags shallow AUD/USD uptrend risk into next year
Rabobank strategist Jane Foley notes AUD/USD is under pressure, with the Australian dollar the weakest G10 currency on a one-day view, while the bank still expects one more RBA rate hike.
Gold Spot Tests 0.618 Resistance Arc on 2-Hour Chart
XAU/USD is pressing against the 0.618 resistance arc on the 2-hour chart, with Arc Cycle Analysis pointing to a possible breakout toward the next resistance.
AUD/JPY Turns Lower After Five-Wave Advance, Breaks Channel Support
AUD/JPY has reversed lower after a five-wave advance, breaking channel support this week and opening the door to a deeper ABC correction.
Bank Indonesia Holds Rate at 5.75% to Prioritize Rupiah Stability
UOB economist Enrico Tanuwidjaja notes Bank Indonesia kept its benchmark rate at 5.75% in August, with a stability-focused stance on the rupiah and macro-financial conditions.
BNY: Euro supported by resilient domestic demand
BNY’s Geoff Yu says resilient domestic demand is supporting the euro, while noting ECB President Christine Lagarde’s warning on Europe’s eroding post-war growth model.
Yen Firms as Dollar Retreats Ahead of FOMC Minutes
USD/JPY slipped to around 159.10 on Wednesday as the US dollar lost momentum and pulled back toward this week's June lows.
Bank Indonesia Holds Rates, Societe Generale Sees Rupiah Support
Bank Indonesia left its benchmark rate at 5.75% and kept deposit and lending facility rates unchanged, a move Societe Generale analysts say reinforces rupiah stability and supports the currency.
Silver Steadies Near $63 as Inflation Risks Limit Rebound
Silver (XAG/USD) is trading near $63.45, up 0.16% on Wednesday, after falling to an intraday low of $62.19.
Sterling Resilient on Carry Appeal as BoE Stays on Hold, ING Says
ING's Chris Turner says sterling remains supported by carry appeal after July UK CPI had limited impact on EUR/GBP.
UK CPI Headline Surprises, Underlying Trend Still Softening
UK inflation data delivered a headline shock in European trading, even as the underlying trend continued to ease. Fed minutes were also on the calendar.