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Lagarde speech: The Euro area economy proved resilient earlier this year
European Central Bank (ECB) President Christine Lagarde is speaking at the International Business Council of the World Economic Forum, in Geneva, on Wednesday.
NZD/USD adds to dovish RBNZ-inspired losses; slumps to four-month low around 0.5820 area
The NZD/USD pair adds to the dovish Reserve Bank of New Zealand (RBNZ)-inspired losses and dives to its lowest level since mid-April during the first half of the European session on Wednesday.
Pound Sterling gains on hotter than expected UK inflation data
The Pound Sterling (GBP) attracts significant bids against its major peers on Wednesday as the United Kingdom (UK) Consumer Price Index (CPI) data for July has come in hotter than projected.
AUD/JPY faces selling pressure below 95.00 amid cautious mood
The AUD/JPY cross attracts some sellers to near 94.95 during the early European session on Wednesday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) amid the cautious mood in the markets.
Forex Today: Pound Sterling finds support on hot inflation, eyes on FOMC Minutes
Here is what you need to know on Wednesday, August 20:
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $62.14 per barrel, up from Tuesday's close at $61.95.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.60 price posted on Tuesday, and trading at $65.80.
EUR/GBP attracts some sellers below 0.8650 after hotter UK CPI inflation data
The EUR/GBP cross loses traction to near 0.8620 during the early European session on Wednesday. The Pound Sterling (GBP) edges higher against the Euro (EUR) after the UK Consumer Price Index (CPI) inflation report.
FX option expiries for Aug 20 NY cut
FX option expiries for Aug 20 NY cut at 10:00 Eastern Time via DTCC can be found below.
USD/CHF turns sideways below 0.8100 as focus shifts to Jackson Hole Symposium
The USD/CHF pair trades in a tight range marginally below 0.8100 during the late Asian trading session on Wednesday.
USD/CAD rises to fresh three-month highs near 1.3900
USD/CAD continues to gain ground for the second successive day, trading around 1.3870 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) gains ground ahead of the US Federal Reserve's (Fed) Minutes for the July meeting.
GBP/USD Price Forecast: Slides below mid-1.3400s, over one-week low ahead of UK CPI
The GBP/USD pair drifts lower for the third consecutive day on Wednesday - also marking the fourth day of a negative move in the previous five - and drops to an over one-week low during the Asian session.
EUR/USD extends downside below 1.1650 ahead of ECB's Lagarde speech
The EUR/USD pair extends the decline to near 1.1635 during the early European trading hours on Wednesday. The US Dollar (USD) strengthens against the Euro (EUR) as traders await the Federal Reserve's (Fed) annual Jackson Hole symposium later on Friday for clues on the US interest rate path.
USD/INR bounces back as FIIs continue to pare stake in Indian stock market
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Wednesday after a three-day winning streak.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
Gold hits three-week low as USD steadies and Russia-Ukraine peace hopes rise
Gold (XAU/USD) hits a nearly three-week low during the Asian session on Wednesday, with the bears now awaiting a sustained break below the 100-day Simple Moving Average (SMA) before positioning for further losses.
NZD/USD Price Forecast: Falls toward 0.5700 after RBNZ policy decision
NZD/USD continues its three-day losing streak, trading around 0.5830 during the Asian hours on Wednesday. The pair loses ground after the Reserve Bank of New Zealand (RBNZ) announced to cut interest rates by 25 basis points, bringing the Official Cash Rate (OCR) to 3%, as expected.
Silver Price Forecast: XAG/USD dips toward 50-day EMA near $37.00
Silver price (XAG/USD) extends its losing streak for the fifth consecutive session, trading around $37.20 per troy ounce during the Asian hours on Wednesday.
RBNZ's Hawkesby: Next two meetings are live, no decisions have been made
Reserve Bank of New Zealand (RBNZ) Governor Christian Hawkesby explains the decision to reduce the Official Cash Rate (OCR) by 25 basis points (bps) to 3% at a press conference following the August monetary policy meeting on Wednesday.
Japanese Yen edges higher as BoJ-Fed divergence offsets weak domestic data
The Japanese Yen (JPY) reverses a modest Asian session downtick led by mixed domestic data and turns positive for the second straight day against a firmer US Dollar (USD) on Wednesday. A government report showed that Japan's core Machinery Orders unexpectedly rose in June.
AUD/NZD rallies beyond 1.1000, highest since early April after RBNZ's dovish 25 bps rate cut
The AUD/NZD cross attracts some dip-buyers near the 1.0940 region, or a one-and-a-half-week low touched during the Asian session on Wednesday, and snaps a two-day losing streak.
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