NEWS | 08/12/2025 12:31:07 GMT
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By FXStreet Team
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Editors’ Picks
AUD/USD posts modest losses to below 0.6550 as RBA delivers dovish cut
The AUD/USD pair trades with mild losses near 0.6530 during the early Asian session on Wednesday. The Australian Dollar edges lower against the Greenback after the Reserve Bank of Australiadelivered a dovish rate cut at its August meeting. Traders will keep an eye on Fedspeak later on Wednesday.
USD/JPY remains depressed amid US CPI-inspired USD weakness
USD/JPY trades with a negative bias near the 147.70 region and looks to extend Tuesday’s post-US CPI pullback from a one-week high. Inflation in the US rose broadly in line with expectations and reaffirmed bets that the Fed will cut rates in September. The outlook keeps the US Dollar on the defensive and weighs on the pair.
Bank of England cuts rates in dramatic meeting
The Bank of England has cut rates by a further 25 basis points to 4% but the statement hints that officials think the easing cycle is nearing its end. Policymakers are visibly worried about a more persistent bout of inflation as the headline number is way higher than target.
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