EUR/MYR Exchange rate

AUD/USD trades without a clear direction following the closing bell on Wall Street on Wednesday. The pair challenges the lower end of its weekly range in the sub-0.6700 region on the back of marginal losses in the Greenback. Next on tap in Oz will be the Melbourne Institute’s Consumer Inflation Expectations.

EUR/USD keeps its bearish sentiment well in place following Tuesday’s deep decline, retesting the 1.1640 region on the back of humble losses in the US Dollar. In the meantime, investors should shift their attention to Thursday’s Initial Jobless Claims and comments from Fed officials.

Gold extended its recovery on Wednesday, quickly shrugging off Tuesday’s setback and pushing to fresh all-time highs near $4,650 per troy ounce. The rally in the yellow metal was underpinned by a softer US Dollar, falling US Treasury yields, and growing expectations that the Federal Reserve could deliver additional rate cuts.

US-listed spot Ethereum (ETH) exchange-traded funds (ETFs) recorded about $130 million in net inflows on Tuesday, their largest in nearly a week, per SoSoValue data. BlackRock's ETHA recorded the largest inflow, attracting $53.3 million after four consecutive days of outflows.

Jerome Powell's eight-year tenure as Chair of the Federal Reserve is coming to a close during a period of intense pressure on the US central bank and divided views among policymakers about the appropriate stance of monetary policy.