Commerzbank’s Tatha Ghose notes that weaker-than-expected Polish inflation has erased market expectations for 2026 rate hikes and could even revive rate cut discussions by Q4.
TradingKey - Driven by the ongoing boom in global AI infrastructure investment, South Korea's export trade achieved a historic breakthrough in June, with multiple core indicators setting new record hi
ING analysts Warren Patterson and Ewa Manthey note that ICE Brent ended the second quarter sharply lower as markets price a recovery in Persian Gulf supply and record US output.
Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said that intervention to prop up the yen two months ago was successful, and some US authorities voiced support, Bloomberg reported on Wednesday.
Asian markets are trading with mixed sentiment on Wednesday amid a global tech rally and as US-Iran talks hit new hurdles.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.30 in the early European trading hours on Wednesday.
USD/IDR pares its daily gains, remaining in positive territory for the third successive day and trading around 17,980 during the Asian hours on Wednesday. The pair inches lower as the Indonesian Rupiah (IDR) receives minor support following the economic data release.
European Central Bank (ECB) Executive Board member Piero Cipollone on Wednesday urged colleagues to hold off on any further rate hikes until new economic projections land.