USD/IDR extends its losses for the second successive day, trading around 17,820 during Asian hours on Wednesday. Technical analysis of the daily chart suggests the pair remains within the ascending channel, indicating an ongoing bullish bias.

Asian equities trade mixed on Wednesday. Oil prices and Treasury yields dropped as crude flows through the Middle East improved, adding to risk appetite.

AUD/USD loses ground for the third consecutive day, trading around 0.7110 during Asian hours on Wednesday.

United States (US) Special Envoy to the Middle East, Steve Witkoff, said the US held "lengthy" indirect talks with the Iranian delegation via mediators on the sidelines of the United Nations General Assembly (UNGA), Reuters reported on Tuesday.

An explosion was heard near Qeshm Island in southern Iran's Hormozgan province, the official news agency IRNA reported on Tuesday.

Gold price (XAU/USD) rebounds to near $4,360 during the early Asian session on Wednesday. The precious metal edges higher amid hopes for diplomatic progress between the US and Iran. 

The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) eased to 49.3 in September versus 52.0 prior, the latest data published by S&P Global showed on Wednesday.

Australia S&P Global Services PMI fell from previous 53.2 to 51.4 in September

Australia S&P Global Composite PMI fell from previous 52.7 to 50.8 in September

Australia S&P Global Manufacturing PMI: 49.3 (September) vs previous 52

OCBC strategists Sim Moh Siong and Christopher Wong note that the Renminbi (RMB) has extended gains, with USD/CNY breaking below 6.70 as the People's Bank of China (PBoC) strengthened the fix for nine straight sessions ahead of the Trump–Xi meeting.

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a constructive short-term view on USD/SGD, noting recent sideways trade around 1.2760.

A Reuters poll revealed that all economists expect that the Mexican Central Bank, also known as Banxico, will hold rates unchanged at 6.50% for the third straight meeting.

The Bundesbank President and European Central Bank (ECB) member Joachim Nagel crossed the wires at a financial event in London, where he acknowledged that high energy prices had driven inflation off its 2026 target.

Commerzbank reports South Korea’s exports for the first 20 days of September jumped 78.3% year-on-year, extending nine months of double-digit growth and led by a 259% surge in semiconductor exports.

OCBC strategists Sim Moh Siong and Christopher Wong highlight that the Taiwan Dollar (TWD) has extended gains, briefly strengthening near 31.71 versus the US Dollar (USD), supported by strong foreign portfolio inflows and domestic equity outperformance tied to tech and AI themes.

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann expect USD/CNH to edge lower intraday but stay confined to a narrow 6.6890–6.6960 range, with a clear break below 6.6890 seen as unlikely. Over one to three weeks, they see downside extending toward 6.6820 as momentum builds.

Richmond Federal Reserve (Fed) President Thomas Barkin said on Tuesday that the Federal Open Market Committee (FOMC) decided to raise interest rates last Wednesday because inflation risks outweighed those to maximum employment.

National Bank of Canada's Ethan Currie notes that while oil-driven inflation risks have increased, the Bank of Canada is likely to remain on hold in October as domestic slack and trade uncertainty continue to weigh on the economic outlook.

The US President Donald Trump said at the UN General Assembly that “we must be united in maintaining pressure on Iran,” adding that he believes that the US and Iran will strike a deal, following the US elections.

TD Securities economists Oscar Munoz and Eli Nir provide an early projection for United States (US) September Consumer Price Index (CPI , expecting Headline CPI to rise 0.54% m/m, driven mainly by an almost 8% jump in gasoline and firmer food prices.

Boston Federal Reserve (Fed) President Susan Collins said on Tuesday that she supported last week’s interest-rate hike and sees a somewhat more restrictive policy stance as appropriate to bring inflation sustainably back to the Fed's 2% target.

DBS Group Research economist Radhika Rao assesses India’s strong start to FY27, with high-frequency data pointing to around 7% growth in 2QFY and full-year FY27 growth of 7.3% year-on-year.

Deutsche Bank Research’s UK economists Sanjay Raja and Maui Brennan have shifted their BoE base case from no hikes to two 25bp moves, in November and February. They argue Bank Rate is already restrictive, inflation is largely energy-driven, and second‑round effects remain limited.

Standard Chartered’s Nicholas Chia now expects the Reserve Bank of Australia (RBA) to raise the cash rate to 4.60% at its 29 September meeting, revising a previous call for a hold. Chia cites recent RBA messaging focused on upside inflation risks and resilient economic momentum.

Private-sector hiring in the US has gained some pace in early September. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 20K jobs per week in the four weeks ending September 5.

Societe Generale analysts describe EUR/HUF as consolidating above the 360 area after an interim low near 348 in June. The pair is capped by the 200-day moving average at 370/371, with a breakout above this zone needed to confirm a larger up-move.

Commerzbank’s Volkmar Baur expects the South African Reserve Bank (SARB) to deliver a 25 basis point rate hike after surprising markets by holding rates in July.

ING’s Frantisek Taborsky expects the National Bank of Hungary to pause its mini easing cycle at 5.50% and possibly outline a two-step cut in its inflation target from 3.0% to 2.0%.

John Velis at BNY Markets argues that current US inflation is being driven by non-rate-sensitive components of core PCE, limiting how effective further Federal Reserve tightening can be.