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UK inflation was 3.4% in May, ONS says
LONDON, June 18 (Reuters) - British inflation came in at an annual rate of 3.4% in May, down from an originally published 3.5% in April, the Office for National Statistics said on Wednesday.A Reuters poll of economists had pointed to a reading of 3.4% in May, which the Bank of England had also proje...Reuters
Wed, Jun 18
USD/CHF softens to near 0.8150 ahead of Fed rate decision
The USD/CHF pair weakens to near 0.8160, snapping the three-day winning streak during the early European trading hours on Wednesday. The persistent geopolitical tensions in the Middle East lift the safe-haven currency like the Swiss Franc (CHF).
Fxstreet
Wed, Jun 18
WRAPUP 1-China talks up digital yuan in push for multi-polar currency system
China to expand digital yuan globally, create Shanghai operations centerPBOC governor calls for a multi-polar global currency systemFinancial regulators pledge stable yuan, to further open up financial market SHANGHAI/BEIJING, June 18 (Reuters) - The head of China's central bank pledged to e...Reuters
Wed, Jun 18
NZD/USD climbs to 0.6035 area as USD edges lower ahead of Fed rate decision
The NZD/USD pair attracts some dip-buying near the 0.6000 psychological mark during the Asian session on Wednesday and reverses a part of the previous day's retracement slide from the vicinity of the year-to-date peak.
Fxstreet
Wed, Jun 18
EUR/JPY Price Forecast: Bullish outlook remains in play above 166.50
The EUR/JPY cross posts modest gains near 166.80 during the early European session on Wednesday. Reduced bets for a Bank of Japan (BoJ) rate hike undermine the Japanese Yen (JPY) and act as a tailwind for the cross.
Fxstreet
Wed, Jun 18
Australia, New Zealand dollars attempt to steady after sell-off, Fed decision looms
By Stella Qiu SYDNEY, June 18 (Reuters) - The Australian and New Zealand dollars attempted to recover from an overnight slump on Wednesday, although much will depend on developments in the Israel-Iran conflict as President Donald Trump warned U.S. patience is wearing thin.The commodity-sensitive ...Reuters
Wed, Jun 18
USD/CAD maintains position above 1.3650 as traders adopt caution ahead of Fed decision
USD/CAD edges lower after losing over 0.5% in the previous session, trading around 1.3660 during the Asian hours on Wednesday. The pair holds losses as the US Dollar (USD) loses ground ahead of the US Federal Reserve’s (Fed) interest rate decision due later in the day.
Fxstreet
Wed, Jun 18
EUR/USD holds positive ground near 1.1500 ahead of Fed rate decision
The EUR/USD pair attracts some buyers to around 1.1500 during the Asian trading hours on Wednesday. A slew of downbeat US economic data weigh on the Greenback. However, escalating Israel-Iran tensions might cap the upside for the major pair.
Fxstreet
Wed, Jun 18
GBP/USD rebounds toward 1.3450 after losing over 1% in previous session, UK CPI eyed
GBP/USD edges higher after registering over 1% losses in the previous day, trading around 1.3440 during the Asian hours on Wednesday. Traders will focus on the UK Consumer Price Index (CPI) data for May, scheduled to be released later in the day.
Fxstreet
Wed, Jun 18
INDIA RUPEE-Rupee set to plumb to 2-month low at open on fears over oil-spurred outflows
By Nimesh Vora MUMBAI, June 18 (Reuters) - The Indian rupee is set to open weaker on Wednesday, nearing a two-month low, weighed down by rising crude oil prices amid escalating Iran-Israel tensions and concerns over outflows. The 1-month non-deliverable forward indicated a open in the 86.38...Reuters
Wed, Jun 18
FOREX-Dollar steady as investors monitor Israel-Iran conflict ahead of Fed
Middle East conflict renews bids for safety in the dollarFed widely expected to leave interest rates unchanged Trade deals scant as G7 summit concludesBy Johann M Cherian June 18 (Reuters) - The U.S. dollar held on to gains against major currencies early on Wednesday, buoyed by demand for safety ...Reuters
Wed, Jun 18
USD/INR gains ground on Middle East jitters
The Indian Rupee (INR) edges lower to near the weakest level in more than two months on Wednesday. The Indian currency remains under selling pressure, falling alongside most Asian peers as crude oil prices surged on rising geopolitical tensions in the Middle East.Fxstreet
Wed, Jun 18
Australian Dollar gains ground despite dampened risk sentiment
The Australian Dollar (AUD) edges higher against the US Dollar (USD) on Wednesday after registering more than 0.50% losses in the previous session. However, the AUD/USD pair struggled due to dampened risk appetite amid escalating Middle East tensions.
Fxstreet
Wed, Jun 18
NZD/USD gathers strength above 0.6000, Fed rate decision in focus
The NZD/USD pair gathers strength to around 0.6025 during the early Asian session on Wednesday. The New Zealand Dollar (NZD) edges higher against the Greenback amid reduced rate cut expectations from the Reserve Bank of New Zealand (RBNZ).Fxstreet
Wed, Jun 18
US dollar advances broadly as Mideast tension rises
NEW YORK, June 17 (Reuters) - The U.S. dollar advanced against major currencies on Tuesday, including the euro and the yen, as softer U.S. economic data and geopolitical tensions in the Middle East following an Israeli attack on Iran kept investors on edge ahead of the Federal Reserve's decision...Reuters
Wed, Jun 18
GBP/USD tumbles as markets pivot into safe havens on rising Middle East tensions
GBP/USD plummeted over 1.2% on Tuesday, backsliding through near-term congestion and popping out the other side near the 1.3400 handle after global investors were knocked off their pre-seeded hopes that the Israel-Iran altercation would find a quick and peaceful resolution.Fxstreet
Tue, Jun 17
