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NZD/USD holds positive ground above 0.6050, New Zealand CPI eases more than expected in Q2
The NZD/USD pair trades on a stronger note around 0.6065 on the weaker US Dollar during the early Asian session on Wednesday. The New Zealand Dollar edges higher after the release of the New Zealand Consumer Price Index reading.
AUD/USD hangs near one-and-half-week low touched on Tuesday
AUD/USD struggles to gain any meaningful traction during the Asian session on Wednesday. A strong bullish sentiment across the global equity markets, bets that the RBA could raise interest rates again and the September Fed rate cut-inspired US Dollar selling bias act as a tailwind for the pair.
Gold reaches fresh record highs above $2,460
Following a short-lasting correction in the early American session, Gold gathers bullish momentum and trades a new all-time high above $2,450. The benchmark 10-year US Treasury bond yield stays in the red near 4.2%, fuelling XAU/USD's rally.
Ethereum set for new all-time high: Peter Brandt, Bitwise
Ethereum is up nearly 2% on Tuesday following predictions from Bitwise chief investment officer Matt Hougan that ETH ETFs could help push ETH to a new all-time high above $5,000. Other predictions from Citi Bank and trader Peter Brandt also align with Hougan's position.
Despite upside surprise, Retail Sales show lost momentum
Despite lower sales at autos dealers and at gas stations, retail spending held steady in June. Excluding those categories, it was the best month since January 2023, and that means upside risk for Q2 consumer spending.