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Hungary Cuts Rate by 25 bps to 6.00%; Standard Chartered Sees Faster Easing
The National Bank of Hungary cut its base rate by 25 bps to 6.00%, in line with expectations. Standard Chartered analyst Saabir Salad described the decision as notably dovish, signaling a faster easing path ahead.
Euro Extends Losses Against US Dollar as Fed Hike Bets Firm
The euro continued its decline against the US dollar on Wednesday, falling 0.25% to around 1.1350 as expectations for further Federal Reserve rate hikes strengthened.
UOB highlights sharp selloff in AUD/USD, sees risk to 0.6835
AUD/USD plunged 1.22% to 0.6908, leaving the pair deeply oversold but with further downside risk, according to UOB analysts. They note potential for a brief intraday break below 0.6900, targeting 0.6835.
Gold Bears Stay in Control as Fed Rate-Hike Bets Lift USD
Gold (XAU/USD) recovers slightly from nearly two-week lows near $4,050, but bears retain control as Federal Reserve rate-hike expectations continue to support the US dollar.
Silver Rebounds Toward $62 After Hitting Six-Month Lows
Silver (XAG/USD) recovered from a six-month low, trading around $61.70 during European hours after a 5% loss the previous day.
USD/JPY Breaks Above 160, Intervention Fears Cap Gains – OCBC
USD/JPY has broken back above 160, but intervention risk and official warnings are limiting further upside relative to other G10 currencies, according to OCBC strategists.
USD/CHF Nears Seven-Month Highs at 0.8125 as Dollar Strengthens
USD/CHF extends its rally for the sixth consecutive day, approaching 0.8125, driven by broad US Dollar strength amid a tech stock rout and emerging cracks in the US-Iran peace deal.
EUR/USD Drops Below 1.1400 on USD Strength, Risk-Off Mood
EUR/USD has fallen below the 1.1400 level as the US dollar strengthens across G10 currencies, with risk-off sentiment weighing on equities and pushing oil prices lower, according to Danske Bank.
Indonesian Rupiah Weakens as Hawkish Fed Tone Lifts US Dollar
The Indonesian Rupiah declined against the US Dollar for a third consecutive day, with USD/IDR trading near 17,980 during Asian hours Wednesday, as the greenback strengthened on expectations of continued hawkish Federal Reserve policy.
DXY Holds Above 101.50, Overbought RSI Points to Pullback Risk
The US Dollar Index (DXY) is trading near 101.50 in early European hours, but overbought RSI signals suggest a potential corrective decline.
RBA's Hauser: Inflation Still Too High, More Work Needed
Reserve Bank of Australia Deputy Governor Andrew Hauser stated that inflation remains far too high and the central bank still has work to do to bring it down.
EUR/GBP Tests 10-Month Lows Near 0.8610 as Risk Aversion Persists
The euro weakens against the pound for a fourth straight session, with EUR/GBP dropping to around 0.8610, its lowest level in ten months, amid continued risk-off market conditions.
NZD/USD Extends Losses to Six Days, Near 0.5655 on Hawkish Fed
The New Zealand Dollar weakened against the US Dollar for a sixth straight session, trading near 0.5655 in early European hours, pressured by a hawkish Federal Reserve stance.
Riksbank Minutes Expected to Show Split Among Board Members
Sweden's Riksbank will release minutes today after leaving the policy rate at 1.75% and raising the rate path. The board was divided in May, and the minutes are expected to confirm a continued split.
Bessent Comments on FX as Japan Reviews Reserves, PBOC Advisor Hints at Rate Cuts
Bessent discussed FX conditions as Japan evaluates its reserves management. A PBOC advisor signaled possible rate cuts, while Asian tech stocks saw volatility, especially in South Korea.
Indian Rupee Slides Further as Hawkish Fed Bets Strengthen
The Indian Rupee opened lower against the US Dollar on Wednesday, with the USD/INR pair extending gains as expectations of a hawkish Federal Reserve policy remain firm.
AUD/JPY Slides Below 112 on Intervention Fears, Bearish Bias Below 100-Day SMA
The AUD/JPY cross fell to around 111.70 in early European trading as the Japanese yen strengthened on heightened intervention concerns, keeping the pair bearish below its 100-day SMA.
AUD/USD Struggles Near April Lows, Bears Eye 0.6900 Break
AUD/USD extends its decline for a third straight day, slipping to a fresh low since April 7 as bears target a break below the 0.6900 level.
Euro Falls Below 1.14, Dollar Index Targets 101.5
The euro has broken below 1.1400 against the dollar, with potential for further decline toward 1.1300. The dollar index needs to break above 101.5 to sustain upward momentum.
EUR/USD Hits One-Year Low, Eyes 1.1350 as USD Strength Persists
The euro extended its slide against the dollar, dropping to a fresh one-year low during Asian trading. The pair now targets the 1.1350 level as a sustained bullish dollar offsets an oversold RSI reading.
Gold slides to two-week low near $4,050 as Fed rate hike bets lift dollar
Gold (XAU/USD) fell to a nearly two-week low around $4,050 during Asian trading, extending declines as expectations of further Federal Reserve rate hikes strengthened the US dollar.
Swiss Franc Slips to Seven-Month Low as USD/CHF Hits 0.8107
USD/CHF extended its rally for a sixth straight session, climbing to a seven-month high of 0.8107 during Asian trading on Wednesday as a stronger US dollar weighed on the Swiss franc amid ongoing Middle East tensions.
US Dollar Index Hits Fresh 13-Month High Near 101.50
The US Dollar Index (DXY) has climbed to a new 13-month high around 101.45 during Asian trading, extending its winning streak for a third consecutive day.
AUD/JPY Steadies as Australian CPI Cools, BoJ Hawkishness Caps Yen
The AUD/JPY pair traded near 0.6920 during Asian hours on Wednesday, steadying after six days of losses as Australian inflation data came in cooler and Bank of Japan hawkish expectations weighed on the yen.