Trading news

The Australian Dollar (AUD) appreciates against the US Dollar (USD) on Wednesday after registering over 0.5% losses in the previous session. The AUD/USD pair remains in positive territory following the release of mixed economic data from Australia.

Australia Gross Domestic Product (YoY) below forecasts (1.5%) in 1Q: Actual (1.3%)

Australia Gross Domestic Product (QoQ) registered at 0.2%, below expectations (0.4%) in 1Q

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1886 as compared to the previous day's fix of 7.1869 and 7.1977 Reuters estimate.

The NZD/USD pair holds positive ground around 0.6000 during the early Asian session on Wednesday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) amid concerns over the impact of US President Donald Trump’s tariffs on the US economy and global trade.

Japan Jibun Bank Services PMI registered at 51 above expectations (50.8) in May

Iran is open to basing a nuclear deal with the United States (US) around the idea of a regional uranium enrichment consortium based in Iran, Axios reported on Wednesday, citing a senior Iranian official.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.80 during the Asian trading hours on Tuesday. The WTI price extends the rally to two-week highs amid persistent geopolitical tensions and a weaker US Dollar (USD).

GBP/USD trimmed bullish momentum on Tuesday, settling into slim chart churn just north of 1.3500.

The USD/CAD pair remains on the defensive around 1.3715 during the early Asian session on Wednesday. The Canadian Dollar (CAD) edges higher against the Greenback as crude oil prices rise.

Australia S&P Global Services PMI above forecasts (50.5) in May: Actual (50.6)

Australia S&P Global Composite PMI fell from previous 50.6 to 50.5 in May

South Korea Consumer Price Index Growth (MoM) came in at -0.1%, below expectations (0.1%) in May

South Korea Consumer Price Index Growth (YoY) came in at 1.9% below forecasts (2.1%) in May

The Australian Gross Domestic Product (GDP) will be released on Wednesday, with mixed expectations ahead of the announcement. The first quarter (Q1) figures from the Australian Bureau of Statistics (ABS) are expected to show that the economy made modest progress in the three months to March 2025.

The AUD/JPY opens Wednesday’s Asian session with a positive mood, posting gains of over 0.08% at the time of writing. The cross-pair appears poised to extend the ongoing leg up, testing the May 29 daily high of 93.86.

United States Total Vehicle Sales registered at 15.7M, below expectations (16.3M) in May

United States API Weekly Crude Oil Stock climbed from previous -4.236M to -3.3M in May 30

USD/CHF bounces off six-week lows of 0.8155 and surges past the 0.8200 figure as the Greenback is boosted by solid US jobs data, which is pushing the pair above its opening price by 0.26%.

Silver price trimmed some of its Monday’s 5% gains, edging down 0.52% on Tuesday, with the grey metal trading near the $34.50 area, stuck to the highs of the current week.