Gold trades little changed as Fed rate-cut expectations sustain

Gold (XAU/USD) trades in a tight range in the $2,320s in quiet markets on Wednesday.

US Dollar sees further losses, Fed speakers on the watch

On Wednesday, the US Dollar as measured by the DXY Index (DXY) remained relatively unchanged around the 105.20 mark as investors parsed words from key Federal Reserve (Fed) officials on a quiet Wednesday.

Mexican Peso slips as traders await economic data

The Mexican Peso registers minuscule losses versus the US Dollar on Wednesday after recovering some ground in the last five trading days.

Westpac New Zealand's Consumer Confidence Survey declines to 82.2 from 93.2

Westpac New Zealand's quarterly Consumer Confidence Survey reported a decline in aggregate consumer sentiment for the second quarter, with Q2 2024's Consumer Confidence Survey dropping 11 points to 82.2 after the previous climb to 93.2.

Australian Dollar strengthens on RBA hawkish stance

In Wednesday's session, the Australian Dollar (AUD) continued to smile and trade with gains against its peers following the Reserve Bank of Australia’s (RBA) hawkish hold on Tuesday.

Crude Oil tests higher ground on quiet Wednesday, WTI touches $81.00

West Texas Intermediate (WTI) US Crude Oil tested into fresh Wednesday highs on thin volume, clipping $81.00 per barrel as commodities drift softly higher despite US exchanges shuttered for the Juneteenth holiday.

GBP/USD finds a foothold ahead of BoE’s upcoming rate call

GBP/USD elbowed its way firmly above 1.2700 in quiet Wednesday trading as GBP traders gear up for Thursday’s latest outing from the Bank of England (BoE), which is expected to keep rates on hold at 5.25% even as UK economic data continues to miss the mark, but not badly enough to spark institutional fears of an outright recession.

New Zealand GDP growth rebounds to 0.2% in Q1 from 0.0%

New Zealand's QoQ Gross Domestic Product (GDP) growth recovered to 0.2% QoQ during 2024's first quarter, clawing back ground from the previous quarter's flat 0.0%.

EUR/USD escapes Wednesday’s holiday volatility trap, set for wait to meaningful data

EUR/USD cycled on Wednesday with US markets out for a midweek holiday, and the Fiber heads into the back half of the trading week with mid-tier data on the offering, leaving investors to look ahead to Friday’s Purchasing Managers Index (PMI) activity figures for meaningful data releases to drive sentiment in either direction.

PBOC leaves Loan Prime Rates unchanged, as expected

The People's Bank of China announced on Thursday that it maintained the Loan Prime Rate (LPR) unchanged across the time curve, as widely expected.