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GBP/USD holds gains near 1.3455 ahead of US ADP employment data
The British pound traded modestly higher against the dollar in early European hours, supported by softer US data and easing geopolitical worries. Markets now look to the ADP jobs report and ISM services PMI for direction.
US Dollar Index Drops Toward Two-Month Low Near 99.40
The US Dollar Index (DXY) extended losses on Wednesday, slipping for a second day after failing to hold above the 100.00 handle, with bears targeting a two-month low around 99.40.
Euro edges higher against US Dollar, capped at 1.1565 – UOB
EUR/USD firmed to 1.1529 with short-term momentum turning slightly higher, but UOB sees upside capped at 1.1565, with 1.1545 as near resistance.
AUD/USD Steadies Near 0.7050 as Bullish Bias Holds
AUD/USD is trading around 0.7050 during Asian hours on Wednesday after a 0.5% gain the previous day. The pair remains within an ascending channel on the daily chart, reinforcing a bullish outlook.
CEE8 Consumer Confidence Hits Five-Year High in July
The average consumer confidence index across Central and Eastern Europe (CEE8) climbed to its highest level in five years during July, driven by a notable uptick in sentiment.
Global Yields, Oil Fall on US-Iran Progress; China PMIs Weak
Global bond yields and crude oil prices declined amid signs of US-Iran diplomatic progress, while weak Chinese PMIs added to economic concerns. Other headlines include a speculated US ban on China-related data centers and corporate reports.
NAGA posts 47% EBIDTA jump in H1 2026 to €4.4M, Net Profit €0.9M
NAGA Group reported its first-ever net profit for the first half of 2026, with EBITDA up 47% to €4.4M and net profit of €0.9M.
New Zealand Dollar Drops Below 0.5900 After Unemployment Spike
The NZD/USD pair declined to around 0.5870 in early European trading after New Zealand’s unemployment rate surged to a level not seen since 2015.
ADP Private Payrolls in Spotlight Ahead of Friday’s Jobs Report
Traders await the ADP July private sector employment data for early signals on the US labor market ahead of Friday’s official jobs report, with weekly estimates hinting at slowing job growth.
Indian Rupee Gives Back Mild Gains After RBI Holds Rate at 5.25%
The Indian rupee surrendered its early advance against the US dollar after the Reserve Bank of India left its benchmark repo rate unchanged at 5.25%.
Indonesian Rupiah Gains as Strong GDP, Soft USD Weigh on USD/IDR
USD/IDR fell to around 17,970 in Asian trading on Wednesday, pressured by robust Indonesian economic data and waning dollar demand, extending the Rupiah’s recent strength.
USD/JPY Steadies Above 157.50 as Bulls Eye 50-Hour EMA Break
The pair drifted lower during Asian trading but remains supported above 157.50, with bulls looking for a break of the 50-hour moving average.
RBI Policy Meeting Today: Key Forex Ranges in Focus
The Reserve Bank of India's policy decision is due today. Analysts are noting near-term stability ranges for major pairs including the Dollar Index, Euro, and USDINR.
RBI Keeps Repo Rate Unchanged at 5.25% in August
The Reserve Bank of India maintained its benchmark repo rate at 5.25% during the August policy meeting, in line with market expectations.
RBI Holds Repo Rate at 5.25% as Expected
The Reserve Bank of India kept its benchmark repo rate unchanged at 5.25% in August, matching market forecasts.
Canadian Dollar Lingers Near One-Week Low Amid Oil Weakness, USD Dip
The Canadian dollar remains under pressure, trading close to a one-week low against the greenback as sliding oil prices offset a softer US dollar.
EUR/JPY edges lower below 182.00 on intervention concerns
EUR/JPY fell to around 181.70 as intervention risks and a bearish outlook weighed.
Gold hits two-week high above $4,100 as dollar softens
Gold surged past the $4,100 mark to a near two-week high during the Asian session, supported by a weaker U.S. dollar amid hopes for an Iran nuclear deal and fading expectations of further Fed rate hikes.
Gold Eyes $4,150 Acceptance as Hormuz Deal Hopes Fuel Recovery
Gold extends its rebound from the $4,020 area, with XAU/USD pushing past $4,100 and targeting acceptance above $4,150 amid optimism around a Strait of Hormuz deal.
Japan’s Kihara Says Monetary Policy Decisions Up to BoJ
Chief Cabinet Secretary Minoru Kihara reiterated that the Bank of Japan independently determines the specifics of monetary policy.
US Dollar Index Extends Decline, Trades Near 99.90 as Safe-Haven Demand Eases
The US Dollar Index fell for a second straight day, trading around 99.90 during the Asian session as demand for the safe-haven currency eased.
British Pound Weakens Against US Dollar Near 1.3450
GBP/USD edges lower to around 1.3450 in Asian trading, erasing prior day's modest gains despite an easing of safe-haven demand.
Euro Dips Below 1.1550 as US-Iran Tensions Weigh on Risk
EUR/USD slipped to near 1.1530 in Asian trading on Wednesday as uncertainty around US-Iran talks and the Strait of Hormuz weighed on the risk-sensitive euro.
AUD/USD Hovers Near 0.7050, Faces Resistance at 100-Day SMA
The Australian dollar consolidates near a one-month high around 0.7050 against the US dollar, struggling to clear the 100-day moving average as the greenback regains some demand.