Australian Dollar Gains As US Dollar weakens On Fed Rate Cut Outlook
The Australian Dollar (AUD) advances against the US Dollar (USD) on Wednesday, recovering its recent losses registered in the previous session.
WTI Remains On The Defensive Below $58.50 On Supply Surplus Fears, US-China Trade Tensions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.25 during the early European trading hours on Wednesday.
USD/INR Tumbles At Open On Possible RBI’s Intervention
The Indian Rupee advances significantly at open against the US Dollar on Wednesday. The USD/INR pair posts a fresh three-week low near 88.10 as the US Dollar extended its weakness, with Fed dovish expectations returning under the spotlight.
Japanese Yen Retains Bullish Bias As USD Weakness Offsets Political Uncertainty
The Japanese Yen (JPY) maintains its bid tone against a broadly weaker US Dollar (USD), with the USD/JPY pair flirting with the 151.00 mark, or a one-week low, heading into the European session on Wednesday.
