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Thai Baht: Higher commodities threaten Baht stability – Commerzbank
Commerzbank analysts note that the Bank of Thailand (BoT) is expected to keep its policy rate at 1.0%, seeing it as sufficiently accommodative. USD/THB has consolidated in a 32.90–33.30 range, with rising global commodity prices and foreign outflows posing downside risks for the Baht.
Canadian Dollar strengthens as Trump pauses 50% tariffs, Oil prices climb
USD/CAD declines on Wednesday and trades around 1.3810 at the time of writing, down 0.62% on the day.
Australian Dollar: RBA keeps hawkish bias on inflation – BNY
BNY’s Geoff Yu reports the Reserve Bank of Australia remains concerned about inflation, with Deputy Governor Andrew Hauser saying further rate hikes cannot be ruled out.
United States EIA Heating Oil Stocks Change declined to -0.537M in August 14 from previous 0.192M
United States EIA Distillate Stocks Change dipped from previous -0.01M to -1.53M in August 14
Breaking: FOMC officials acknowledged inflation remained elevated
The Federal Open Market Committee (FOMC) published the Minutes of the July meeting on Wednesday. "The information available at the time of the meeting indicated that inflation remained elevated.
XRP Price Forecast: XRP holds fragile support as Binance liquidity declines
Ripple (XRP) holds key support at $1.00 on Wednesday, following the headwinds experienced the day before. Near-term support around $0.99 encouraged investors to reengage, supported by the return of inflows into spot Exchange-Traded Funds (ETFs).
Gold approaches $4,500 as US Dollar and Treasury yields tumble, FOMC Minutes in focus
Gold (XAU/USD) rallies on Wednesday as a softer US Dollar (USD) and a sharp pullback in long-term US Treasury yields help the metal break above its week-old trading range and climb to its highest level since June 4. At the time of writing, XAU/USD trades around $4,490, up more than 3.5% on the day.
WTI holds ground around $84.50 as supply risks increase due to US-Iran peace uncertainty
West Texas Intermediate (WTI) oil price moves sideways after three days of gains, trading around $84.50 per barrel during the European hours on Wednesday.
Euro: Extends rebound as yields stabilize against US Dollar - Danske Bank
Danske Research Team notes that EUR/USD has extended its rebound towards 1.1600 as European yields remain elevated while US Treasury yields stabilize after the recent spike.
USD/CAD Price Forecast: Bears look at 1.3850 support after rejection at 1.3900
The US Dollar (USD) resumes its broader bearish trend with the Canadian Dollar (CAD) drawing support from higher Oil prices and a deal with the US to pause 50% tariffs on Canadian exports.
British Pound: BoE outlook steady with CPI and jobs data – MUFG
Derek Halpenny at MUFG notes that UK July CPI came in broadly as expected, with the headline rate rising to 2.9% mainly on higher utility bills, while services inflation eased.
Remarkably benign UK food prices keep a lid on inflation
UK inflation picked up in July and is likely to peak around 3.2% next winter. We think that's well below the threshold for a rate hike – and we expect the Bank of England to keep rates on hold this year before resuming rate cuts next spring.
Bitcoin holds $64,000 and Solana leads gains amid 7% Korean chip stock slide
Bitcoin held near $64,250 on Wednesday, up marginally on the day and 1% on the week, while a global selloff in chip stocks left crypto largely untouched.
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