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Japanese Yen gains ground as traders await Fed rate decision
The USD/JPY pair loses ground to near 160.25 during the early European trading hours on Wednesday. Traders prefer to wait on the sidelines ahead of the US Federal Reserve (Fed) interest rate decision under new Chair Kevin Warsh later on Wednesday.
Indian Rupee remains flat as risk-on mood weighs on US Dollar
The Indian Rupee (INR) holds ground after two days of gains against the US Dollar (USD) on Wednesday. However, the upside potential for the USD/INR pair could be capped in the near term as downward pressure on the Indian Rupee eases, supported by declining global oil prices.
Philippines Gold price today: Gold falls, according to FXStreet data
Gold prices fell in Philippines on Wednesday, according to data compiled by FXStreet.
Indonesian Rupiah struggles as traders adopt caution ahead of Fed decision
USD/IDR gains ground after two days of losses, trading around 17,770 during the Asian hours on Wednesday. The pair appreciates as the Indonesian Rupiah (IDR) faces challenges as traders adopt caution ahead of the Federal Reserve (Fed) policy decision due later in the day.
United Arab Emirates Gold price today: Gold falls, according to FXStreet data
Gold prices fell in United Arab Emirates on Wednesday, according to data compiled by FXStreet.
Euro sticks to positive bias above 1.1600 as bulls await Fed rate decision
The EUR/USD pair trades with a positive bias for the third straight day and holds steady above the 1.1600 mark through the Asian session on Wednesday.
Pakistan Gold price today: Gold falls, according to FXStreet data
Gold prices fell in Pakistan on Wednesday, according to data compiled by FXStreet.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
Gold: Rising central bank demand and de-dollarization – Rabobank
Rabobank’s RaboResearch Global Economics & Markets team highlights growing central bank interest in Gold as global insecurity rises and de-dollarization continues.
Malaysia Gold price today: Gold falls, according to FXStreet data
Gold prices fell in Malaysia on Wednesday, according to data compiled by FXStreet.
AUD/JPY Price Forecast: Constructive bias prevails above 113.00, but neutral RSI spurs consolidation
The AUD/JPY cross trades in negative territory around 113.25 during the early European session on Wednesday. The Japanese Yen (JPY) edges higher against the Australian Dollar (AUD) after the Bank of Japan (BoJ) raised interest rates to their highest level in more than three decades.
AUD/USD Price Forecast: Consolidates above 0.7050; 100-day SMA holds the key ahead of Fed
The AUD/USD pair trades with a negative bias for the second straight day, though it lacks bearish conviction and holds above the 0.7050 level through the Asian session on Wednesday amid mixed cues.
Gold consolidates above $4,300 as traders look to Fed rate decision for fresh impetus
Gold (XAU/USD) struggles to capitalize on its weekly gains, though it holds above the $4,300 mark through the Asian session on Wednesday. The latest optimism over an interim US-Iran peace deal keeps the US Dollar (USD) on the defensive, which is seen supporting the bullion.
PBOC's Pan: Will act if money market overnight rate persistently deviates from operation rates
The People’s Bank of China (PBOC) Governor Pan Gongsheng said on Wednesday that the central bank would act if the money market overnight rate persistently deviates from operation rates.
EUR/JPY Price Forecast: Could rebound toward 186.50 as bullish bias prevails
EUR/JPY depreciates after three days of gains, trading around 186.20 during the Asian hours on Wednesday. The currency cross holds a constructive bullish bias as it remains above both the nine-day and 50-day Exponential Moving Averages (EMAs).
US Dollar Index weakens to near 99.50 on US‑Iran peace deal optimism ahead of Fed rate decision
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.50 during the Asian trading hours on Wednesday. The DXY extends the decline amid optimism surrounding a potential US-Iran peace deal.
Silver Price Forecast: XAG/USD rises to near $70.50 as interest rate concerns ease
Silver price (XAG/USD) continues its winning streak for the fifth consecutive day, trading around $70.40 per troy ounce during the Asian hours on Wednesday.
China's Financial Regulator vows to intensify regulatory collaboration in new sectors
China's financial regulator on Wednesday pledged to intensify regulatory collaboration in new sectors, curb systemic risks, resolve real estate and local government debt exposures, and crack down on illegal activity and disorderly competition in the financial sector.
New Zealand Dollar sticks to positive bias as Iran peace deal undermines USD ahead of FOMC
The NZD/USD pair trades with a positive bias for the second consecutive day on Wednesday, though it lacks bullish conviction and remains below mid-0.5800s through the Asian session.
Canadian Dollar steadies despite lower oil prices
USD/CAD halts its four-day winning streak, trading around 1.3990 during the Asian hours on Wednesday.
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