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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.
Gold hits fresh record high; bulls not ready to give up despite overbought conditions
Gold touches a fresh record high, around the $3,547 region, during the Asian session on Wednesday, though it struggles to build on the momentum as bulls seem reluctant amid extremely overbought conditions.
WTI posts modest gain above $65.00 on rising supply concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.30 during the early Asian trading hours on Wednesday. The WTI edges higher as concerns over supply disruptions increased following strikes on Russian energy sites by Ukraine in the ongoing Russia-Ukraine war.
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%.
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.
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