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AUD/USD holds recovery gains near 0.6400 after hot Australian inflation data
AUD/USD is keeping its recovery mode intact near 0.6400 after Australia’s monthly Consumer Price Index (CPI) rose 5.2% in the year to August 2023, as expected. Investors assess the inflation data ahead of next week's RBA policy meeting.
EUR/USD hits fresh six-month lows near 1.0550
EUR/USD is holding lower ground near 1.0550, sitting at fresh six-month lows in the Asian session on Wednesday. The US Dollar remains firm, benefiting from risk aversion, maintaining the downward pressure on the pair.
Gold remains on the defensive near $1,900 amid the USD demand
Gold price attracts some sellers around $1,902 during the early European session on Wednesday. Precious Metal faces some selling pressure due to a rally of the US Dollar (USD) ahead of the highly-anticipated inflation data on Friday.
Members of US FSC urge SEC Chair Gensler to immediately approve spot Bitcoin ETFs
The discourse surrounding the spot Bitcoin Exchange Traded Funds (ETFs) is reaching its pinnacle as key lawmakers are now stepping in to resolve the matter. The Securities and Exchange Commission’s (SEC) staunch repulsion of the ETFs has been called out by the lawmakers, urging the regulator to approve the applications.
U.S. government shutdowns & U.S. Dollar implications
A potential U.S. government shutdown that could start October 1st looms, the chances of which are more or less seen as a coin flip at this point. Should a shutdown transpire, there could be a negative impact of the U.S dollar, albeit one that is likely to be modest and short-lived.