The Japanese Yen (JPY) is attempting to recover a portion of recent losses against the US Dollar (USD) on Wednesday expectations that US President Donald Trump would fire Federal Reserve (Fed) Chair Jerome Powell heated up and then died down.
Industrial Production in the United States (US) expanded by 0.3% on a monthly basis in June, the data published by the Federal Reserve showed on Wednesday. This reading followed the 0.2% contraction recorded in May and came in better than the market expectation for an expansion of 0.1%.
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $65.64 per barrel, down from Tuesday’s close at $65.66.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.24 after its previous daily close at $68.30.