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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 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.
Ripple and Coinbase lead the big fight as US crypto firms advocate for regulatory overhaul
Ripple Labs is standing shoulder-to-shoulder with US-based cryptocurrency exchange Coinbase as crypto firms in the US push for a regulatory overhaul in the country. It comes amid growing concerns that stringent and unclear regulatory structures in the US continue to drive business away from the country.
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).