The euro declined in European trading on Wednesday against a basket of global currencies, heading for its first loss in three sessions versus the US dollar, as the greenback rebounded following cautious comments from Federal Reserve Chair Jerome Powell. After the European Central Banks most recent meeting, which included more hawkish remarks than markets had anticipated, the likelihood of a...

The Australian dollar strengthened broadly in Asian trading on Wednesday against a basket of global currencies, hitting its highest level in about a week versus the US dollar, following the release of hot inflation data from Australia. The data showed renewed inflationary pressures on policymakers at the Reserve Bank of Australia, which lowered the likelihood of an interest rate cut...

The Australian Bureau of Statistics reported on Wednesday that the annual Consumer Price Index rose by 3.0% in August, the fastest pace since July 2024. This exceeded both market expectations of a 2.9% increase and the prior reading of 2.8%. The data highlights accelerating inflationary pressures on policymakers at the Reserve Bank of Australia, reducing the likelihood of an interest...

The US dollar rose slightly on Tuesday ahead of a scheduled speech by Federal Reserve Chair Jerome Powell later in the session, following the central banks recent decision to cut interest rates. At 03:00 AM ET (08:00 GMT), the dollar index, which measures the greenback against a basket of six other currencies, edged up 0.1% to 97.012, rebounding modestly after...