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AUD/USD Price Forecast: Trades with caution ahead of Fed’s policy outcome
The Australian Dollar (AUD) trades slightly lower at around 0.7125 against the US Dollar (USD) during the European trading session on Wednesday.
Forex Today: US Dollar holds steady ahead of Fed rate decision
Here is what you need to know on Wednesday, September 16:
Indian Rupee: Inflation and trade reshape INR – Commerzbank
Commerzbank economists note India’s August CPI rose to 4.8% year-on-year, above the RBI midpoint but still below the central bank’s full-year forecast. They see a more finely balanced policy outlook, with a likely hawkish hold at 5.25%.
Hungary Gross Wages (YoY) climbed from previous 7.1% to 7.5% in July
Hungary Gross Wages (YoY) climbed from previous 7.1% to 7.5% in July
British Pound remains on the defensive as UK CPI meets expectations
The British Pound (GBP) ticks higher against the US Dollar (USD) on Wednesday, although the GBP/USD pair retreated to 1.3480 from session highs near 1.3500 after the release of the UK Consumer Prices Index (CPI) data for August.
Euro: Downside pressure toward 1.1490 against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann keep a cautious stance on EUR/USD after the pair closed almost unchanged near 1.1543.
Sweden Unemployment Rate above expectations (0%) in August: Actual (8.5%)
Sweden Unemployment Rate above expectations (0%) in August: Actual (8.5%)
British Pound faces selling pressure even as UK CPI rise in line with estimates
The British Pound (GBP) retreats from its day’s high of around 209.45 against the Japanese Yen (JPY) to near 209.15 after the release of the United Kingdom (UK) Consumer Price Index (CPI) report of August.
United Kingdom Retail Price Index (YoY) below expectations (3.5%) in August: Actual (3.4%)
United Kingdom Retail Price Index (YoY) below expectations (3.5%) in August: Actual (3.4%)
United Kingdom Retail Price Index (MoM) remains at 0.6% in August
United Kingdom Retail Price Index (MoM) remains at 0.6% in August
United Kingdom Producer Price Index - Output (YoY) n.s.a registered at 3.7% above expectations (3.3%) in August
United Kingdom Producer Price Index - Output (YoY) n.s.a registered at 3.7% above expectations (3.3%) in August
United Kingdom Producer Price Index - Output (MoM) n.s.a registered at 0.7% above expectations (0.3%) in August
United Kingdom Producer Price Index - Output (MoM) n.s.a registered at 0.7% above expectations (0.3%) in August
United Kingdom Producer Price Index - Input (YoY) n.s.a registered at 6.1% above expectations (5.4%) in August
United Kingdom Producer Price Index - Input (YoY) n.s.a registered at 6.1% above expectations (5.4%) in August