Australian Dollar (AUD) may still test 0.6595 against US Dollar (USD), but a sustained rise above this level is unlikely. In the longer run, should AUD break clearly above 0.6595, it could trigger a further rise toward 0.6620, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.
The GBP/USD pair trades on a flat note near 1.3745 during the Asian trading hours on Wednesday. However, the dovish remarks from the US Federal Reserve (Fed) Chair Jerome Powell and rising fiscal worries might weigh on the Greenback in the near term.