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AUD/USD holds below the 0.6400 mark ahead of the Australian CPI
The AUD/USD pair remains under selling pressure and drops below 0.6400 during the early Asian session on Wednesday. The pair is weighed by the negative sentiment and a decline in commodity prices. The pair trades around 0.6394, losing 0.03% on the day.
EUR/USD consolidates losses below 1.0600
EUR/USD extended its negative streak to six days, posting its lowest daily close since March 8 below 1.0600. The pair bottomed at 1.0561 and then rebounded timidly. The US Dollar remains firm, benefiting from risk aversion.
Gold challenges $1,900 after piercing September’s low
Spot Gold accelerated its slide on Tuesday, with XAU/USD plummeting to $1,900.83, its lowest in almost two weeks. The US Dollar surged on the back of a worsening market mood at the beginning of the week, as investors got spooked by central banks’ pledges to keep rates higher for longer and dismal United States (US) data.
Ethereum Restaking - The next big thing after liquid staking?
Ethereum introduced unstaking this year, and the crypto market witnessed a stark shift. The Decentralized Finance (DeFi) space, in particular, observed the emergence of liquid staking protocols. With the discourse of “restaking” picking up heat, it seems like the market is getting ready for the next big thing.
Australia Monthly CPI Preview: Inflation expected to rebound in August
The Australian Monthly Consumer Price Index (CPI) inflation data for August will be published by the Australian Bureau of Statistics (ABS) on Wednesday at 01:30 GMT. The data could be critical for the Australian Dollar (AUD) and the Reserve Bank of Australia (RBA).