South Africa Consumer Price Index (MoM) fell from previous 0.4% to 0.1% in August

South Africa Consumer Price Index (YoY) dipped from previous 4.6% to 4.4% in August

Indonesia Bank Indonesia Rate came in at 6%, below expectations (6.25%)

The Pound Sterling (GBP) gains against its major peers in Wednesday’s London session as the United Kingdom (UK) inflation data for August came in hotter than expected.

European Central Bank (ECB) Governing Council member and Bank of France President, François Villeroy de Galhau, commented on the interest rate outlook on Wednesday.

The EUR/GBP cross loses its recovery momentum near 0.8445 during the early European session on Wednesday.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against other six major currencies, retraces its recent gains from the previous session.

FX option expiries for Sept 18 NY cut at 10:00 Eastern Time, via DTCC, can be found below.

United Kingdom Producer Price Index - Output (YoY) n.s.a below forecasts (0.5%) in August: Actual (0.2%)

United Kingdom Core Consumer Price Index (YoY) above expectations (3.5%) in August: Actual (3.6%)

United Kingdom Consumer Price Index (MoM) in line with forecasts (0.3%) in August

United Kingdom Retail Price Index (YoY) above expectations (3.4%) in August: Actual (3.5%)

United Kingdom Consumer Price Index (YoY) in line with forecasts (2.2%) in August

United Kingdom PPI Core Output (MoM) n.s.a up to 0.1% in August from previous 0%

United Kingdom Producer Price Index - Input (YoY) n.s.a came in at -1.2%, below expectations (-0.9%) in August

The EUR/JPY cross weakens near 157.20, snapping to a two-day winning streak during the early European session on Wednesday.

Binance responded to accusations from WazirX and Zettai by releasing a blog post on Tuesday clarifying how its ongoing dispute with WazirX impacts the recovery of over $230 million in user funds that was lost during the July cyberattack, emphasizing that safeguarding user assets is a fundamental responsibility of any cryptocurrency platform.

The USD/CAD pair attracts fresh sellers during the Asian session on Wednesday and currently trades below the 1.3600 mark, down less than 0.10% for the day.

The EUR/USD pair trades on a stronger note around 1.1125 during the Asian trading hours on Wednesday.

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

USD/CHF retraces its recent gains, trading around 0.8450 during the Asian hours on Wednesday.

Silver (XAG/USD) drifts lower during the Asian session on Wednesday and moves away from a one-month peak, around the $31.10 region touched earlier this week.

GBP/USD inches higher to near 1.3160 during the Asian hours on Wednesday.

The Japanese Yen (JPY) retraces its losses against the US Dollar due to rising expectations of a 50 basis point Federal Reserve (Fed) rate cut on Wednesday.

The GBP/JPY cross struggles to capitalize on a two-day-old recovery from the vicinity of a one-month low retested earlier this week and meets with a fresh supply during the Asian session on Wednesday.

Polygon MATIC, now known as POL, has been one of the most underperforming cryptocurrencies in the top 100 since the beginning of the year, declining more than 62% year-to-date.

Gold price (XAU/USD) witnessed a modest pullback from the vicinity of the record high, around the $2,589-2,590 area touched the previous day, and ended in the red for the first time in the last four days on Tuesday.