- AUDUSD is trading under intense selling pressure toward 0.6700, losing nearly 40 pips after the Australian CPI inflation came in softer-than-expected across the time horizon. Cooling Australian inflation flags RBA pause expectations. weighing heavily on the Australian Dollar. Fed next in focus.
- EURUSD holds lower ground near 1.1050 in Asia early Wednesday, reversing the rebound from a two-week low set late Tuesday. The US Dollar clings to recovery gains awaiting the all-important Fed policy meeting announcements.
- Gold steadies around $1,965 as bulls and bears jostle during the early hours of the key data comprising the Federal Open Market Committee (FOMC) monetary policy meeting announcements. Also challenging the XAUUSD price could be the latest headlines testing the previous optimism about China.
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