The above comments have little to no impact on the market sentiment, as the S&P 500 futures continue to remain marginally under pressure while the aussie pares early gains.

At the time of writing, AUD/USD adds 0.09% on the day to trade at 0.7470 while the S&P 500 futures drop 0.12% to 4,540.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD holds losses below 1.1850 ahead of FOMC Minutes

EUR/USD stays on the back foot below 1.1850 in the European session on Wednesday, pressured by renewed US Dollar demand and reports that ECB President Lagarde will step down before the end of her term. Traders now look forward to the Minutes of the Fed's January monetary policy meeting for fresh signals on future rate cuts.

GBP/USD defends 1.3550 after UK inflation data

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Pi Network rally defies market pressure ahead of its first anniversary

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