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EUR/GBP edges higher above 0.8700 as UK fiscal worries grow
The EUR/GBP gains ground to around 0.8700 during the early European session on Wednesday. Concerns about the UK's ability to keep its finances under control undermine the Pound Sterling (GBP) against the Euro (EUR).
Forex Today: US Dollar benefits from risk-aversion ahead of mid-tier data releases
Here is what you need to know on Wednesday, September 3:
USD/CHF trades firmly near 0.8050 as risk-off mood improves US Dollar's appeal
The USD/CHF pair extends its winning streak for the third trading day on Wednesday. The Swiss Franc pair rises to near 0.8050 as the safe-haven demand of the US Dollar (USD) has increased, following a significant surge in long-dated bond yields across the globe.
GBP/JPY surrenders modest gains to 199.00; downside remains cushioned amid weaker JPY
The GBP/JPY cross attracts fresh sellers following an Asian session uptick to levels just above the 199.00 mark and retreats to the lower end of its daily range in the last hour.
USD/CAD strengthens to near 1.3800 as BoC rate cut bets rise
The USD/CAD pair trades in positive territory for the third consecutive day near 1.3795 during the early European session on Wednesday. The Canadian Dollar (CAD) edges lower against the Greenback as traders weigh the prospects of a Bank of Canada (BoC) interest rate cut this month.
EUR/JPY rises to near 173.00 due to widening yield differentials, HCOB PMI eyed
EUR/JPY continues its winning streak for the fifth-consecutive day, trading around 172.80 during the Asian hours on Wednesday. HCOB Purchasing Managers' Index (PMI) data from Eurozone and Germany will be eyed later in the day.
USD/INR edges higher ahead of India GST council meeting
The Indian Rupee (INR) opens slightly lower against the US Dollar (USD) on Wednesday. The USD/INR pair ticks up to near 88.23 ahead of the two-day Goods and Services Tax (GST) council meeting on Wednesday, aiming to revise tax slabs from four to two.
India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.
BoJ's Ueda: No change to our stance on rate hike
Bank of Japan (BoJ) Governor Kazuo Ueda said on Wednesday that there is no change in stance on raising interest rates. Ueda further stated that he will scrutinise without preconception whether the economy and prices move in line with our forecast,
EUR/USD falls toward 1.1600 ahead of HCOB PMI data
EUR/USD extends its losses for the second successive session, trading around 1.1620 during the Asian hours on Wednesday. HCOB Purchasing Managers' Index (PMI) data from Eurozone and Germany will be eyed later in the day.
GBP/USD attracts some sellers below 0.6550 ahead of BoE's Breeden speech
The GBP/USD pair attracts some sellers near 0.6520 during the Asian trading hours on Wednesday. The Pound Sterling (GBP) weakens against the US Dollar (USD) amid concerns about the UK's ability to keep its finances under control.
AUD/JPY holds near 97.00 as Australia Q2 GDP, China PMI beat forecasts
AUD/JPY continues its winning streak that began on August 21, trading around 97.00 during the Asian hours on Wednesday. The currency cross gains ground following the release of Australia's Q2 Gross Domestic Product and China's Caixin Services Purchasing Managers' Index (PMI).
Japanese Yen hangs near one-month low against USD; seems vulnerable ahead of US data
The Japanese Yen (JPY) maintains its offered tone through the Asian session on Wednesday amid heightened domestic political and trade-related uncertainties.
NZD/USD holds negative ground near 0.5850 despite upbeat Chinese Services PMI data
The NZD/USD pair trades in negative territory near 0.5860 during the early Asian session on Wednesday. The New Zealand Dollar (NZD) remains weak despite the upbeat China's Caixin Services Purchasing Managers Index (PMI).
Australian Dollar stays silent following stronger Q2 GDP, China's Services PMI
The Australian Dollar (AUD) moves little against the US Dollar (USD) on Wednesday after registering 0.5% gains in the previous session. The AUD/USD pair remains subdued following Australia's Q2 Gross Domestic Product ( Caixin Services Purchasing Managers' Index (PMI).
PBOC sets USD/CNY reference rate at 7.1108 vs. 7.1089 previous
On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1108 as compared to the previous day's fix of 7.1089 and 7.1476 Reuters estimate.
US Dollar Index gains momentum to near 98.50 on cautious mood
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, drifts higher near 98.40 during the early Asian trading hours on Wednesday. The US JOLTS Job Openings and the Fed Beige Book will be released later on Wednesday.
When is China's Caixin Services PMI, and how could it affect AUD/USD?
China's Caixin Services Purchasing Managers Index (PMI) for August is due early during Wednesday's Asian market hours, slated to release at 01:45 GMT.
GBP/USD tumbles ahead of full data docket
GBP/USD tumbled sharply on Tuesday, declining over 1.15% and sinking back below the 1.3800 handle for the first time in almost a month. Broad-market investor sentiment soured heading into the September trading month, with safe-haven flows into the US Dollar (USD) surging.
When is the Australian GDP release and how could it affect the AUD/USD?
Australia's Gross Domestic Product (GDP) growth productivity for the second quarter of 2025 is due early on Wednesday, at 01:30 GMT. Australian GDP is expected to rebound to 0.5% QoQ, a fair recovery from the previous quarter's 0.2%.
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