The Minutes of the United States (US) Federal Reserve’s (Fed) September 16-17 monetary policy meeting will be published on Wednesday at 18:00 GMT.

Gold (XAU/USD) marks another milestone on Wednesday, smashing through the $4,000 level for the first time as investors flock to the precious metal amid global economic and political uncertainty, coupled with a dovish Federal Reserve (Fed) outlook.

US Dollar (USD) is likely to edge higher, potentially breaking above 7.1550. In the longer run, the price action suggests that USD could rise toward 7.1650, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Impulsive momentum is likely to outweigh overbought conditions, but it remains to be seen if US Dollar (USD) can break above 153.00. In the longer run, further USD strength is likely; the level to watch is 153.80, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Scope for New Zealand Dollar (NZD) to test 0.5720; the next support at 0.5690 is unlikely to come into view. In the longer run, outlook for NZD has shifted to negative; the level to watch is 0.5690, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The Euro (EUR) is soft, down 0.3% against the US Dollar (USD) on the back of a weaker than expected industrial production release from Germany, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Increasing downward momentum suggests Australian Dollar (AUD) is likely to head lower and test the 0.6555 support level. In the longer run, the odds of AUD breaking below 0.6555 are increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The Canadian Dollar (CAD) is trading flat from Tuesday’s close and extending its recent consolidation around a cluster of key technical levels, a relative performer against all of the G10 currencies in an environment of broad-based US Dollar (USD) strength, Scotiabank's Chief FX Strategists Shaun Os

Pound Sterling (GBP) could drop to 1.3385 before recovering; the major support at 1.3325 is not expected to come into view.

The US Dollar’s (USD) gains are extending into Wednesday’s NA session with broad strength against all of the G10 currencies. NZD is underperforming, down 0.6% on the back of an unexpectedly large RBNZ rate cut, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

EUR/USD keeps hovering right above one-month lows at 1.1605, weighed by investors' concerns about the fragile political and fiscal situation in France.

The New Zealand Dollar (NZD) comes under heavy pressure on Wednesday after the Reserve Bank of New Zealand (RBNZ) lowered the Official Cash Rate (OCR) by 50 basis points (bps) to 2.50% from 3.00%. Markets had been expecting a smaller 25 bps move.

Euro (EUR) could dip below 1.1645; given the oversold conditions, any further decline may not reach 1.1610.

The Pound Sterling (GBP) seems fragile near 1.3400 against the US Dollar (USD) during the late European trading session on Wednesday.

Silver (XAG/USD) correction found support at the mid-range of 47.00 on Tuesday and bounced up strongly on Wednesday, with precious metals buoyed by risk aversion amid political woes in Japan and France and the US government shutdown.The US political impasse entered its second week with Senate Democr

The NZD/USD pair claws back half of its early losses and rebounds to near 0.5775 during the late European trading session on Wednesday. Still, the Kiwi pair is down 0.4%.

The US Dollar is going through a spectacular rally against a weak Japanese Yen this week.

NZD/USD dropped 1% to a six-month low near 0.5740 after the Reserve Bank of New Zealand surprised markets with a 50bps cut to the Official Cash Rate, now at 2.50%. The central bank signaled it remains open to further reductions, citing spare capacity and downside risks to activity and inflation.

United States MBA Mortgage Applications increased to -4.7% in October 3 from previous -12.7%

Gold price (XAU/USD) extends its rally to near $4,050.00 during the European trading session on Wednesday. The precious metal continues to move higher as deepening political crisis in France and the United States (US) government shutdown have increased the demand of safe-haven assets, such as Gold.

With no major US data releases amid the government shutdown, markets remain subdued as investors await news on when the delayed September labor report will be published. While tonight’s FOMC minutes may shed light on internal divisions, they are unlikely to move the dollar.

USD/JPY broke decisively above 151.00, climbing to an eight-month high near 153.00 and setting up a potential test of 155.00. The yen’s weakness reflects expectations of continued stimulus under incoming Prime Minister Sanae Takaichi and soft wage data that argue for a cautious BOJ.

Data from this morning shows a renewed slowdown in wage growth in Japan. Although nominal wages are still up 1.5% year-on-year, this is well below expectations and the previous trend. Adjusted for inflation, i.e., in real terms, wages have fallen again, and more sharply than before.

US Dollar (USD) is extending its advanced against most currencies, eyeing the upper bound of its range dating back to June. Treasuries are pushing higher, US equity futures are up, and gold prices soared above $4000 per ounce for the first time ever, BBH FX analysts report.

The US Dollar is drifting lower against the Canadian Dollar on Wednesday after another rejection at the 1.3570 resistance area. pair, however, remains moving back and forth within the last two weeks’ horizontal channel above 1.3940.The Dollar is drawing support from the global risk aversion as the

USD/CAD hovers around 1.3950 at the time of writing on Wednesday, after reaching its highest level since May last Thursday at 1.3986 . The US Dollar (USD) holds firm, with the US Dollar Index (DXY) up 0.3% for the day, supported by the weakness of the Euro (EUR) and Japanese Yen (JPY).

The dollar’s strong performance since the start of the week has largely stemmed from negative political developments weighing on the euro and yen. These two currencies make up 71% of the DXY index, which is now at its highest since early August, ING's FX analyst Francesco Pesole notes.

The Indian Rupee (INR) opens on a flat note again around 88.90 against the US Dollar (USD) on Wednesday.

European Central Bank (ECB) policymaker Madis Muller said on Wednesday that “inflation is where we want it to be.”

The Bank of England's (BoE) Financial Policy Committee said in its quarterly report that the risk of a sharp market correction has increased, especially if expectations around AI become less optimistic and there is a "sudden or big change in perceptions of Fed independence" that could lead to a shar