Australian Dollar steadies as US Dollar softens ahead of ISM Services PMI
The Australian Dollar (AUD) edges higher against the US Dollar (USD) on Wednesday, extending gains after rising more than 1% in the previous session. The AUD/USD pair remains supported following stronger-than-expected Chinese Services Purchasing Managers’ Index (PMI) data. China’s Services PMI increased to 52.3 in January from 52.0 in December, exceeding market expectations of 51.8. […]
EUR/USD edges higher above 1.1800 ahead of Eurozone inflation data
The EUR/USD pair trades modestly higher around 1.1830 during early European trading on Wednesday. However, upside momentum may remain capped as investors stay cautious following the swift resolution of a partial US government shutdown. Market attention later in the session will turn to the preliminary Eurozone Harmonized Index of Consumer Prices (HICP) data, which could […]