Australian Dollar trades with modest gains, awaits Fed rate decision

The Australian Dollar (AUD) edges higher on Wednesday, possibly supported by the hawkish sentiment surrounding the Reserve Bank of Australia (RBA) to maintain higher rates this year.

USD/INR weakens as investors focus on US CPI report, FOMC decision

Indian Rupee (INR) trades on a positive note on Wednesday despite the stronger US Dollar (USD).

Japanese Yen loses ground, while US Dollar remains stable ahead of Fed decision

The Japanese Yen (JPY) continues its losing streak for the fourth consecutive session on Wednesday.

IEA lowers 2024 global demand growth forecast by 100,000 bpd to 960,000 bpd

In its monthly oil market report published on Wednesday, the International Energy Agency (IEA) slashed the 2024 global oil demand growth forecast by 100,000 bpd to 960,000 barrels per day (bpd).

Silver price Wednesday: Silver rises, according to FXStreet data

Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.

US Dollar sinks after CPI confirms disinflation, ahead of Fed

The US Dollar (USD) sinks lower in the US Consumer Price Index (CPI) aftermath. The move comes with all inflationary elements coming in at the low end of the expectation or even undershooting it. Main element is the monthly headline inflation which

Oil surges with disinflationary report opening door for rate cut

Oil prices are sprinting higher on Wednesday, touching the highest level since May 30, supported by  a larger-than-expected decrease in US inventories. Data from the American Petroleum Institute (API) showed on Tuesday that crude stockpiles declined by

EUR/USD soars as soft US CPI report gives life to Fed rate-cut hopes for September

EUR/USD jumps swiftly above the round-level resistance of 1.0800 in Wednesday’s New York session.

US Treasury yields tumble as softer CPI fuels Fed rate cut speculation

US Treasury yields collapsed on Wednesday after a colder-than-expected May US Consumer Price Index (CPI) report increased speculation about the Federal Reserve's rate cuts in 2024.

Powell speech: More recent readings on inflation have shown easing

Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% and responds to questions in the post-meeting press conference.