The Australian Dollar (AUD) advances against the US Dollar (USD) on Wednesday following the release of Australia’s Consumer Price Index (CPI) data. Additionally, the AUD/USD pair also receives support from decreasing bets on rate cuts by the Reserve Bank of Australia (RBA).
The USD/JPY pair attracts some sellers to around 152.20 during the early Asian session on Wednesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) after officials ease policy concerns.
The Pound Sterling (GBP) trades higher against its major currency peers, except second-level safe-haven ones, on Tuesday. The British currency gains as global market sentiment has improved due to growing expectations that the United States (US) and China will reach a trade deal soon.