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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%.
USD/JPY gains ground to near 148.50 amid political uncertainty in Japan
The USD/JPY pair trades on a stronger note around 148.50 during the early Asian session on Wednesday. Heightened political uncertainty in Japan weighs on the Japanese Yen (JPY) against the US Dollar (USD). The US JOLTS Job Openings and the Fed Beige Book will be published later on Wednesday.
Japan's LDP to consider calling leadership election
Former Prime Minister Aso Taro will publicly call for a new Liberal Democratic Party (LDP) presidential election on Wednesday. This development adds new impetus to the attempt to force current Prime Minister Shigeru Ishiba's hand, Bloomberg reported on Wednesday.
USD/CHF Price Forecast: Climbs to 0.8050 as risk aversion boosts USD
The USD/CHF advances for the third straight day, up by 0.57% on Tuesday trading at 0.8050 as risk aversion boosted the Greenback. Economic data revealed in the United States (US) was mixed, as business activity in the manufacturing sector showed that growth is slowing down.
Australia GDP expected to show soft growth in Q2
Australia will release its second-quarter (Q2) Gross Domestic Product (GDP) on Wednesday, with financial markets anticipating growth ahead of the announcement. The Australian Bureau of Statistics (ABS) is expected to report that the economy made modest progress in the three months to June 2025.
EUR/USD plunges below 1.1700 as Fed turmoil sparks risk-off move
The Euro tumbles late in the North American session, down by over 0.60% due to a risk-off mood triggered by threats to the independence of the Federal Reserve (Fed) and controversial US policy.
US President Donald Trump warns the US will cease to be a country if tariffs struck down
US President Donald Trump made an appearance on Tuesday, announcing that the US "Space Force" would be relocating to Huntsville, Alabama, which would now be dubbed "Rocket City".
AUD/USD steadies above 0.6500 as traders await Australia's Q2 GDP
The Australian Dollar (AUD) trims some of its earlier losses against the US Dollar (USD) on Tuesday, recovering from a five-day low as the Greenback loses momentum after its broad intraday rally.
Gold smashes record above $3,500 as risk aversion fuels rush
Gold prices soar to a new all-time high past the $3,500 figure on Tuesday, rallying more than 2% even though the US Dollar advances and US Treasury yields rise. Risk aversion dominates, despite forecasts of a potential Federal Reserve (Fed) rate cut in September.
Forex Today: Australian GDP takes centre stage alongside US JOLTs
The US Dollar (USD) regained sudden buying interest and advanced to multi-day highs on Tuesday as investors continued to factor in a couple of interest rate cuts by the Federal Reserve in the latter part of the year.
Canadian Dollar backslides on fresh risk aversion
The Canadian Dollar (CAD) took another backstep against the US Dollar (USD) on Tuesday, officially kicking off the September market window with a firm step into the bearish side as risk appetite withers.
USD/JPY steadies above 148.00 as mixed US PMI data shifts focus to NFP
The Japanese Yen (JPY) remains under pressure against the US Dollar on Tuesday, with USD/JPY extending its advance for a third consecutive day.
Dow Jones Industrial Average falls 550 points as September gets underway
The Dow Jones Industrial Average (DJIA) shed around 550 points on Tuesday, with American markets returning from a long weekend with renewed selling pressure. Rising bond yields, government funding concerns, and fresh inflation concerns pummel investor sentiment through the overnight session.
Pound sinks 1% as UK Gilt yields hit 1998 highs
The Pound Sterling tumbles 1% on Tuesday as UK 30-year Gilts rose to 5.697%, its highest level since May 1998 due to fiscal concerns linked to the Autumn Budget.
EUR/USD recovers modestly as US Dollar softens on mixed ISM Manufacturing PMI
The Euro (EUR) trims some of its earlier losses against the US Dollar (USD) on Tuesday, as the Greenback loses momentum following the release of mixed US manufacturing Purchasing Managers' Index (PMI) data.
Eurozone food inflation still elevated, but otherwise benign - ABN AMRO
HICP inflation edged slightly higher in August to 2.1% y/y from 2.0% in July, in line with our and consensus expectations. Core inflation held steady at 2.3%, in line with our expectations but above consensus expectations for a move lower to 2.2.
How CUSMA strengthens both U.S. and Canadian economies - RBC Economics
Amid the ongoing trade war, the Canada-United States-Mexico Agreement (CUSMA) has been a crucial backstop, RBC Economics' economists report.
GBP/CAD slides to four-week low as UK gilt rout rattles Sterling, Canada PMI shows improvement
The Pound Sterling (GBP) faces broad-based selling pressure on Tuesday, with GBP/CAD tumbling sharply as concerns over the United Kingdom's (UK) fiscal trajectory and surging Gilt yields dominate market sentiment.
USD/CAD rebounds toward 1.3800 as US Dollar firms, PMIs data in focus
The Canadian Dollar (CAD) loses ground for the second straight day on Tuesday, with USD/CAD rebounding from near four-week lows as the US Dollar (USD) strengthens broadly.
Gold retreats from record $3,508 as US Dollar and yields rebound
Gold (XAU/USD) retreats on Tuesday after briefly surging to a fresh all-time high of $3,508 per ounce during the Asian session as a rebound in the US Dollar (USD) and Treasury yields triggered mild profit-taking.
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