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EUR/USD edges higher toward 1.0850 on renewed USD weakness
EUR/USD gains traction and rises toward 1.0850 in the second half of the day. Disappointing private sector employment data from the US weighs on the US Dollar and helps the pair push higher ahead of the Federal Reserve's policy announcements.
USD/JPY drops to multi-month lows below 150.00 after BoJ hike
USD/JPY stays under constant selling pressure and trades at its weakest level in over four months below 150.00. The Bank of Japan's unexpected rate hike and the renewed USD weakness ahead of the Fed's policy announcements forces the pair to extend its slide.
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Editors’ Picks
Gold price jumps above $2,400 on Middle East woes, hopes of dovish Fed
Gold price (XAU/USD) exhibits a strong performance in Wednesday’s European session and trades near $2,420. The US Dollar struggles to find demand and the 10-year US Treasury bond yield falls toward 4.1% ahead of the Fed policy decisions, fuelling the pair's upside.
Crypto Today: Bitcoin lags as Ethereum and XRP rally, Solana, Dogecoin and BNB trend among traders
Bitcoin trades sideways under $67,000 early on Wednesday, as BlackRock BTC ETF inflows are shadowed by Ether. Ethereum gears to test $3,500 resistance, extends gains by nearly 2%.
Federal Reserve Preview: All eyes on clues about the Fed's first interest rate cut in four years
The US Fed will announce monetary policy decisions following the July 30 - 31 policy meeting on Wednesday. Market participants widely anticipate that the US central bank will leave the policy rate unchanged at 5.25%-5.5% for the eighth consecutive meeting.