FTM/USDT Exchange rate
Editors’ Picks

AUD/USD keeps range near 0.6350, Fed Minutes eyed
AUD/USD trades in a range around mid-0.6300s early Wednesday. The cautious market mood, the RBNZ dovish rate cut and Trump's tariff threat-led US Dollar upside remain a drag on the Aussie. Focus shifts to the Fed Minutes amid trade war fears.

USD/JPY stays pressured below 152.00 amid cautious markets
USD/JPY keeps its offered tone intact below 152.00 in late Asian trading on Wednesday. US President Trump's latest tariff threat and BoJ rate hike expectations underpin the Japanese Yen amid a pause in the US Dollar rebound. Traders await the Fed Minutes for fresh trading incentives.

Gold price trades with mild negative bias; holds above $2,900 ahead of FOMC minutes
Gold price drifts lower as bulls opt to lighten their bets ahead of the FOMC minutes release. Concerns about Trump’s tariff plans and trade war fears lend support to the commodity. Fed rate cut bets undermine the USD and further act as a tailwind for the XAU/USD pair.

UK CPI set to rise in January, raising uncertainty over BoE rate cuts
United Kingdom’s Office for National Statistics will publish the January CPI data on Wednesday. The annual UK headline and core CPI inflation are expected to increase in January. The Pound Sterling braces for volatility on the UK CPI report data release amid a prudent BoE.

Rates down under
Today all Australian eyes were on the Reserve Bank of Australia, and rates were cut as expected. RBA Michele Bullock said higher interest rates had been working as expected, slowing economic activity and curbing inflation, but warned that Tuesday’s first rate cut since 2020 was not the start of a series of reductions.