West Texas Intermediate (WTI) oil price continues its losing streak for the third successive day, trading around $72.50 per barrel during the Asian hours on Wednesday. WTI oil price recovers after hitting a three-month low of $71.94, but stays in negative territory.

Solana (SOL) trades below $70 at the time of writing on Wednesday, after falling nearly 4% so far this week. Weakening derivatives positioning and deteriorating technical outlook suggest the selling pressure could accelerate, hinting at a deeper correction.

The GBP/USD pair loses traction to around 1.3195 during the early European trading hours on Wednesday. The British Pound (GBP) softens against the US Dollar (USD) amid political instability following Keir Starmer’s resignation as Prime Minister.

Dogecoin (DOGE) trades below $0.08000 on Wednesday, maintaining a steady decline for the seventh straight week, with a 4% drop the previous day.

The AUD/USD pair turns lower for the third straight day following a modest Asian session uptick to the 0.6920-0.6925 area and drops to a fresh low since April 7 on Wednesday.

Gold prices fell in India on Wednesday, according to data compiled by FXStreet.

EUR/JPY extends its losses for the third successive day, trading around 183.60 during the Asian hours on Wednesday.

Mark Zuckerberg has directed a small team at Meta to develop a new smartphone app focused on prediction markets, according to a Tuesday report by the New York Times.

The EUR/USD pair drifts lower for the third straight day – also marking the fifth day of a negative move in the previous six – and drops to over a one-year low during the Asian session on Wednesday.

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under pressure on Wednesday after falling slightly the previous day. BTC trades below $63,000, ETH slips below $1,700, while XRP momentum continues to weaken.

Bitcoin (BTC) edges below $63,000 at press time on Wednesday, amid a global sell-off of tech stocks, including AI and chip stocks.

Gold (XAU/USD) drifts lower for the second straight day – also marking the fifth day of a negative move in the previous six – and drops to a nearly two-week low during the Asian session on Wednesday.

USD/CHF extends its gains for the sixth successive day, reaching a seven-month high of 0.8107 during the Asian hours on Wednesday. The pair rises as the Greenback strengthens on the complex Middle East situation.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, holds ground for the third consecutive day and is trading near a fresh 13-month high of 101.45 during the Asian hours on Wednesday.

The USD/CAD pair edges lower to around 1.4205 during the Asian trading hours on Wednesday. Nonetheless, the potential downside for the pair might be limited amid rising expectations of a Federal Reserve (Fed) rate hike this year.

AUD/JPY remains steady after six days of losses, trading around 0.6920 during the Asian hours on Wednesday. The currency cross moves little as the Australian Dollar (AUD) experiences minor volatility following the release of Australia’s Consumer Price Index (CPI) data.

The AUD/USD pair attracts some buyers following the release of softer Australian consumer inflation figures during the Asian session on Wednesday and reverses a part of the previous day's slump to the 0.6900 mark, or its lowest level since early April.

NZD/USD continues its losing streak for the sixth consecutive day, trading around 0.5660 during the Asian hours on Wednesday. The pair weakens as the US Dollar (USD) gains ground in a highly complex geopolitical landscape.

Iran’s President Masoud Pezeshkian said that Tehran’s ballistic missile program will not be included in negotiations with the United States (US), BBC reported on Tuesday.

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8195 compared to the previous day's fix of 6.8171 and 6.7913 Reuters estimate.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – consolidates during the Asian session on Wednesday and currently trades just above mid-$72.00s, near its lowest level since early March, touched the previous day.

The USD/JPY pair trades on a flat note around 161.60 during the early Asian trading hours on Wednesday. Increased expectations of a Federal Reserve (Fed) rate hike this year could underpin the US Dollar (USD) against the Japanese Yen (JPY).

GBP/USD extends its gains for the second successive day, trading around 1.3200 during the Asian hours on Wednesday. The currency pair depreciated as the US Dollar (USD) gained momentum, driven by a combination of robust domestic economic data and a complex, mixed geopolitical landscape.

The EUR/USD pair trades on a negative note near 1.1380 during the early Asian trading hours on Wednesday. The major pair extends the decline as traders continue to assess the developments surrounding the US-Iran peace deal.

The Bank of Japan (BoJ) published the Summary of Opinions from the June monetary policy meeting, with the key findings noted below.   

Japan Corporate Service Price Index (YoY) rose from previous 3% to 3.3% in May

The Australian Dollar collapsed by over 1.20% on Tuesday as risk aversion favoured flows into the Greenback amid expectations of higher US interest rates, while the Aussie fell. The AUD/USD trades at 0.6915 after dropping from daily highs of 0.7005.