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AUD/USD holds gains above 0.6650 after mixed Australian data
AUD/USD caught a brief bid wave and edged toward 0.6700 after Australian CPI unexpectedly ticked higher to 3.6% YoY in April. However, a surprise drop in the country's Construction Output for Q1 curbs the Aussie's enthusiasm. A cautious mood also acts as a headwind for the pair.
USD/JPY trades firmer above 157.00 amid dovish BoJ commentary
USD/JPY is trading on a positive footing, comfortable above 157.00 in the Asian session on Wednesday. The pair holds higher ground after dovish comments from BoJ's official Adachi. Broad US Dollar strength also adds to the upside in the pair amid a risk-off environment.
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Editors’ Picks
Gold price snaps the three-day winning streak on Fed’s hawkish remarks
Gold price snaps the three-day winning streak on Wednesday amid the modest rebound of the Greenback. Additionally, the hawkish remarks from several Federal Reserve officials and stronger-than-expected US economic data diminish expectations of the Fed rate cut in September.
Bitcoin long-term holders begin re-accumulation after Semler Scientific and Mt Gox make major whale moves
Bitcoin declined briefly from the $70,000 mark on Tuesday as Semler Scientific and Mt Gox made notable whale moves. Glassnode also shared key on-chain insights that breathe clarity into the market's current state.
Price inflation isn't an accident; It's a policy
If you listen to government officials and central bankers talk about price inflation, you might think they don’t have the foggiest idea of what caused it. It might have been supply chain problems, or perhaps it was Putin’s fault.