Gold prices more than 6.7% off the yearly lows with the rally now testing yearly downtrend resistance. The levels that matter on the XAU/USD short-term technical charts.
Euro continues to remain anchored to recent ranges while commodity prices lifting gave related currencies a boost. Will US CPI be the trigger for EUR/USD to get a move on?
Crude oil prices are weaker in APAC trading hours as traders eye OPEC's MOMR and EIA inventory data. Meanwhile, key oil spreads are weakening, suggesting more losses lie ahead.
The Australian Dollar rose against the US Dollar overnight, supported by higher iron ore and copper prices. The incoming August consumer confidence data from Westpac presents a risk to AUD.