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US Federal Reserve sends Gold to fresh one-month lows

Spot Gold (XAU/USD) is closing Wednesday with losses, trading around $4,250 after hitting an intraday high of $4,366. The bright metal came under strong selling pressure after the United States (US) Federal Open Market …

Finance

Loonie weakens after Fed hike as dollar gains on hawkish outlook

The U.S. dollar has been under pressure in recent months, driven by factors including trade policy uncertainty, interest rate fluctuations and geopolitical tensions. The U.S. Dollar Index — which tracks the strength of …

Finance

Dow Jones Industrial Average huddles ahead of Fed action

The Dow Jones Industrial Average trades just above 52,100 and has spent the morning going nowhere, on the day the Federal Reserve is expected to raise its rate for the first time since 2023. That is not indifference. A …

Finance

United Kingdom: BoE hold view reinforced – Nomura

Nomura’s Global Markets Research team, including Josie Anderson, George Buckley and Andrzej Szczepaniak, notes that UK CPI data for August came in broadly as expected, with headline inflation at 3.1% and core and servic…

Finance

Australian Dollar holds ground as Fed decision looms

AUD/USD trades in a narrow range on Wednesday as investors hold back from taking strong positions ahead of the Federal Reserve’s (Fed) monetary policy announcement. At the time of writing, AUD/USD trades around 0.7134, …

Finance

Canadian Dollar: BoC hawkish tilt and key levels – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret report USD/CAD is steady near 1.39 as markets await the Federal Reserve (Fed) and the Bank of Canada’s (BoC) summary of deliberations. They note the BoC is likely to…

Finance

The Euro breaks lower once the Fed raises rates

The Euro (EUR) trades just under 1.1500 against the US Dollar (USD) on Wednesday, through the pair of long-run averages that had held it up since early August. Both central banks in this pair have raised rates inside a …

Finance

British Pound: BoE repricing risk grows – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad notes GBP/USD is trading heavy near its 200-day moving average as United Kingdom (UK) gilts stabilize. August Consumer Price Index (CPI) slightly exceeded the Bank of England…

Finance

US Dollar: Fed repricing risk caps downside – Rabobank

Rabobank’s Senior FX Strategist Jane Foley notes the US Dollar (USD) has outperformed G10 peers on expectations the Fed will deliver around 100 bps of tightening over 12 months, but warns this may be excessive. They see…

Finance

USD/JPY Faces Key Test with FOMC and BoJ Policy Decisions

The upcoming week will bring a fresh test for major currency pairs as investors return from the US Independence Day holiday and continue to digest weaker US labor market data. The release of the last Federal Open Market…

Finance

Euro: 1.150 target nears on Fed risk against US Dollar – ING

ING’s Francesco Pesole highlights that the Federal Reserve announcement could push EUR/USD towards the 1.150 target. He notes that below 1.150 risks become more balanced given technicals, short-term valuation and rate d…

Finance

Eurozone Industrial Production contracts 0.1% in July

The Eurozone industrial sector activity declines 0.1% in July, according to data published by Eurostat. The industrial output was expected to decline but at a faster pace of 0.2%. In June, the data also contracted by 0.…

Finance

Dollar consolidates ahead of Fed rate decision and Warsh signals

Fact CheckedThis article has been reviewed and updated according to INN's rigorous fact-checking process. Our staff editors verify all articles against information and data from primary sources, reputable publishers and…

Finance

Indian Rupee remains near seven-week low ahead of Fed's decision

The Indian Rupee (INR) holds onto over-a-week long losses against the US Dollar (USD) on Wednesday. The USD/INR pair trades firmly near its seven-week high at around 96.00, as the Indian currency remains under pressure …

Finance

WTI falls near $100 as Saudi adds Oman route, US stocks surge

West Texas Intermediate (WTI) oil price depreciates after posting nearly 3% gains in the previous day, trading around $100.00 per barrel during European hours on Wednesday. Crude oil prices slid after reports emerged th…

Finance

FOMC Meeting Preview: 3 Questions for Chairman Warsh

Wednesday is decision day at the Federal Reserve, the culmination of an intense two-day meeting and a debate that’s been running for six weeks since the June meeting. It boils down to one question: inflation is too high…