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PBOC's Pan: Will Act If Overnight Rate Deviates from Operation Rates
People's Bank of China Governor Pan Gongsheng stated that the central bank will take action if the money market overnight rate persistently strays from operation rates.
Gold Holds Near $4,350 as Traders Await Fed Decision
Gold is trading near $4,350 in Asian trading, extending its five-day winning streak but remaining within a familiar range as markets await the Federal Reserve's monetary policy decision for direction.
EUR/JPY Rebound to 186.50 Possible as Bullish Bias Persists
EUR/JPY pulled back slightly after three consecutive days of gains, but remains above key exponential moving averages, keeping a constructive short-term bias. Market observers note potential for a move back toward 186.50.
US Dollar Index Weakens to Near 99.50 on Iran Peace Deal Hopes, Fed Awaited
The US Dollar Index fell to around 99.50 in Asian trading as optimism over a potential US-Iran peace deal weighed on the greenback ahead of the Federal Reserve's interest rate decision.
Silver Rises to Near $70.50 as Rate Concerns Ease
Silver (XAG/USD) extended its winning streak for a fifth consecutive day, trading near $70.40 during Asian hours as easing interest rate concerns boosted demand.
NZD/USD Holds Positive Bias on Iran Deal Speculation, USD Weakens
NZD/USD trades with a positive bias for a second day as reports of an Iran peace deal undermine the US dollar ahead of the FOMC meeting. The pair remains below the mid-0.5800s, lacking strong bullish conviction.
GBP/USD Rises Above 1.3400 on US-Iran Peace Optimism
The British pound strengthened against the US dollar, with GBP/USD trading near 1.3430 in early Asian hours on Wednesday, supported by optimism over US-Iran peace prospects.
PBOC Sets USD/CNY Fix at 6.8096 vs. 6.8108 Previous
The People's Bank of China set the USD/CNY central parity rate at 6.8096 for Wednesday, slightly lower than Tuesday's fix of 6.8108 and below a Reuters estimate of 6.7659.
USD/JPY Inches Lower as Yen Hovers Near Intervention Zone Ahead of FOMC
The USD/JPY pair edged down in Asian trading Wednesday, staying close to its highest level since late April amid persistent yen weakness despite the Bank of Japan's recent rate hike. Traders eye the upcoming FOMC decision.
Australian Dollar Holds Above 0.7050 After RBA Hawkish Hold
The AUD/USD pair edges higher to near 0.7070 in early Asian trade Wednesday after the Reserve Bank of Australia struck a hawkish tone by holding rates steady.
EUR/USD Holds Steady Near 1.1610 Ahead of Fed Decision
EUR/USD traded sideways around 1.1610 during early Asian hours on Wednesday as traders awaited the Federal Reserve's interest rate decision and US retail sales data.
GBP/USD Coils Ahead of Inflation Data and Fed Decision
GBP/USD remains range-bound, closing slightly higher on Tuesday as traders await key inflation data and the Fed's next move.
NZD/USD Trades Sideways Near 0.5830 Ahead of Fed Decision
The NZD/USD pair is trading sideways around the 0.5830 region on Wednesday, supported by a softer US Dollar but with traders cautious ahead of the Federal Reserve's policy decision.
USD/JPY Tests 160.50 as RSI Signals Rally, Intervention Risks Linger
USD/JPY advanced to 160.47 on Tuesday as traders await the Fed's policy decision. The rally is supported by RSI momentum, though intervention risks remain elevated.
USD/CHF Bullish Outlook Despite Slide Toward 200-Day SMA
The USD/CHF pair retreats for a second consecutive day but holds above its weekly low of 0.7921, supported by broad US dollar weakness linked to falling oil prices and subdued Fed rate hike expectations.
US Dollar Holds Neutral as Markets Await Warsh’s First Fed Decision
The US Dollar Index (DXY) trades with a weaker tone near 99.50 as investors position ahead of the Federal Reserve’s first policy decision under Kevin Warsh.
Gold Rises as Oil Rout Softens Fed Hike Bets
Gold (XAU/USD) climbed over 0.81% on Tuesday, driven by a US-Iran deal that eased inflation fears and reduced expectations for Fed rate hikes in 2026.
AUD/USD Dips as RBA Holds Rates, Maintains Hawkish Tone
The Australian Dollar edged lower on Tuesday after the Reserve Bank of Australia left rates unchanged but struck a cautiously hawkish stance, keeping pressure on the currency near 0.7070.
Australian Dollar Stalls Near 0.7300 as Fed Caution Weighs
The Aussie dollar is searching for a catalyst to resume its uptrend that began in late March, but has lost steam near the 0.7300 resistance level as traders adopt a cautious stance ahead of the Federal Reserve's next move.
Silver Holds Near $70.00 Ahead of Fed Decision
Silver (XAG/USD) trades virtually unchanged on Tuesday around $70.00 after reclaiming its 200-day SMA, with traders waiting for the Fed's monetary policy announcement.
USD/CHF Falls as Safe-Haven Demand Eases on US-Iran Tensions
USD/CHF extends losses for a second consecutive day after rejection at 0.8000, pressured by easing US-Iran tensions reducing safe-haven demand for the dollar.
Gold's Daily Move Driven by Geopolitics, Quarterly Trend by Technicals
Gold experienced a sharp move yesterday driven by geopolitical factors, but the broader quarterly trend has been shaped by technical analysis. Today's market is quiet, offering a chance to review the longer-term arc.
USD/CAD Holds Near 1.3990 as Fed Uncertainty and Soft Oil Cap Gains
The Canadian dollar remains near recent lows as USD/CAD trades around 1.3990, little changed on the day amid cautious markets ahead of the Federal Reserve's policy decision.
EUR/USD Stalls at 200-Day EMA After Holding Above 1.1550
EUR/USD traded in a narrow range on Tuesday, dipping but holding above 1.1550 before grinding back to the 1.1600 handle, where it stalled at the 200-day exponential moving average.