EUR/USD is trading above 1.0500, as the US dollar surrenders early gains despite the risk-off market mood. The euro finds support from hawkish ECB commentary and upbeat EU sentiment data. Policy Panel at the ECB Forum awaited.
GBP/USD is dropping towards 1.2150 amid risk-aversion and a broadly subdued US dollar. Investors remain wary amid looming recession and Brexit worries. Powell and Bailey are due to speak at the Policy Panel at the ECB Forum on Wednesday.
Gold prolonged this week's rejection slide from the very important 200-day SMA and edged lower for the third successive day on Wednesday. The downtick dragged spot prices to a nearly two-week low, around the $1,816-$1,815 region.