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AUD/USD: Recovery remains capped below 0.6700
AUD/USD holds recovery below 0.6700 in the Asian session on Wednesday, having hit over a one-month low amid the Chinese stimulus scepticism-led risk aversion. However, a renewed US Dollar selling aids the pair's rebound alongside RBA Hunter's hawkish remarks.
USD/JPY stays weak near 149.00 amid risk aversion, BoJ commentary
USD/JPY is trading with mild losses near 149.00 early Wednesday. The risk-off impulse supports the safe-haven Japanese Yen while the US Dollar also loses ground and adds to the weight on the pair. Traders digest BoJ Adachi's comments for fresh cues on the policy outlook.
Gold buyers yearn for a daily close above $2,670
Gold price is building on the previous recovery early Wednesday, challenging the static resistance level at $2,670. Gold buyers stay optimistic amid a bullish technical setup on the daily time frame and broad risk aversion.
UK CPI set to grow below 2% target in September, core inflation to remain high
United Kingdom’s Office for National Statistics will release the CPI report on Wednesday. The annual UK headline and core inflation are expected to ease in September. The UK CPI data could seal in a BoE November interest-rate cut, a scenario that would weigh on Pound Sterling.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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