Fundamental

The GBP/USD exchange rate retreated sharply after the US published the latest Consumer Price Index (CPI) data.

EUR/USD is ticking up on Wednesday, trading near 1.1650 at the time of writing, but lacks momentum to take distance from the one-month lows in the 1.1615 area. The US Dollar maintains a moderate bullish bias, despite the moderate inflation figures released on Tuesday.

The New Zealand dollar failed at key resistance near 0.58 on Tuesday, forming a bearish topping pattern as the US dollar strengthens broadly across FX markets.

The EUR/JPY pair continues its bullish run as the yen weakens further amid dovish BoJ policy, with traders targeting 188 on carry trade strength.

The US dollar has continued to firm against the Canadian dollar as the loonie stays under pressure from widening yield spreads, weaker jobs data, and risk‑off sentiment, with USD/CAD holding around the 1.38–1.39 area.

The AUD/CHF pair is setting up for a bullish breakout above 0.5433 as rising rate expectations and risk appetite pressure the Swiss franc lower.