Trading news

Austria HICP (MoM) came in at 0.1%, above expectations (0%) in July

The AUD/JPY cross attracts some sellers to near 94.95 during the early European session on Wednesday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) amid the cautious mood in the markets.

Here is what you need to know on Wednesday, August 20:

West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $62.14 per barrel, up from Tuesday’s close at $61.95.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.60 price posted on Tuesday, and trading at $65.80.

The EUR/GBP cross loses traction to near 0.8620 during the early European session on Wednesday. The Pound Sterling (GBP) edges higher against the Euro (EUR) after the UK Consumer Price Index (CPI) inflation report.

United Kingdom Consumer Price Index (YoY) above expectations (3.7%) in July: Actual (3.8%)

Germany Producer Price Index (MoM) came in at -0.1%, below expectations (0.1%) in July

United Kingdom Retail Price Index (YoY) came in at 4.8%, above expectations (4.5%) in July

United Kingdom Retail Price Index (MoM) above expectations (0.1%) in July: Actual (0.4%)

United Kingdom Consumer Price Index (MoM) came in at 0.1%, above expectations (-0.1%) in July

Germany Producer Price Index (YoY) below forecasts (-1.3%) in July: Actual (-1.5%)

United Kingdom Consumer Price Index (MoM) above expectations (-0.1%) in July: Actual (1.9%)

United Kingdom Core Consumer Price Index (YoY) came in at 3.8%, above expectations (3.7%) in July

FX option expiries for Aug 20 NY cut at 10:00 Eastern Time via DTCC can be found below.

The USD/CHF pair trades in a tight range marginally below 0.8100 during the late Asian trading session on Wednesday.

USD/CAD continues to gain ground for the second successive day, trading around 1.3870 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) gains ground ahead of the US Federal Reserve’s (Fed) Minutes for the July meeting.

The GBP/USD pair drifts lower for the third consecutive day on Wednesday – also marking the fourth day of a negative move in the previous five – and drops to an over one-week low during the Asian session.

The EUR/USD pair extends the decline to near 1.1635 during the early European trading hours on Wednesday. The US Dollar (USD) strengthens against the Euro (EUR) as traders await the Federal Reserve's (Fed) annual Jackson Hole symposium later on Friday for clues on the US interest rate path.

The Indian Rupee (INR) opens lower against the US Dollar (USD) on Wednesday after a three-day winning streak.

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