IDR/USD Exchange rate

AUD/USD regained some balance, faded three daily pullbacks in a row, and regained the 0.6500 mark and beyond on Wednesday. The Aussie’s recovery came on the back of a sharp reversal in the US Dollar, exacerbated in response to another bout of Trump-Powell effervescence.

The sudden bout of selling pressure on the Greenback lent some breathing room to the generalised risk complex, prompting EUR/USD to reverse part of its multi-day leg lower and revisit the vicinity of the 1.1800 neighbourhood. Meanwhile, investors will now look at the upcoming US Retail Sales data and the usual weekly gauge of the labour market.

Gold now manages to leave behind the initial weakness and rapidly advances to the area of three-week peaks around the $3,380 mark per troy ounce as the US Dollar’s retracement gathers extra pace following another round of Trump-Powell effervescence.

Ripple (XRP) edges higher again, up over 1% to trade at around $2.95 during the American session on Wednesday. The correction from highs slightly above $3.00 reached on Monday saw XRP find support above $2.80.

China's second-quarter GDP beat forecasts again with a 5.2% year-on-year growth, driven by strong trade and industrial production. Yet sharper-than-expected slowdowns in fixed-asset investment and retail sales and falling property prices are a concern.