EUR/USD
1.18410
-0.217%
Gold
3668.39
-0.581%
Oil
63.881
-0.449%
USD/JPY
146.615
0.114%
GBP/USD
1.36342
-0.077%
GBP/JPY
199.902
0.044%
Real-time News
Gold prices dipped slightly in early trading on Wednesday, impacted by profit-taking and a stronger dollar, but remained near record highs ahead of the Federal Reserves interest rate decision. Investors widely expect the Fed to cut interest rates by 25 basis points, but attention will be focused on Chairman Powells speech for clues on the pace of future monetary easing. "The market has priced in a deep easing path, and a failure of the Fed to meet expectations could spark disappointment," said Pepperstone analyst Ahmad Assiri. Meanwhile, retail sales grew for the third consecutive month in August, suggesting that consumer spending remains healthy despite concerns about persistent inflation and a weak job market.Governor of Bank Indonesia: Interest rate decision takes into account the possibility of a Fed rate cut.On September 17th, Deutsche Bank analyst Sanjay Raja noted that the UK inflation rate, which remained at 3.8% in August, was a positive sign for the market. Core inflation was in line with expectations at 3.6%, while services inflation fell to 4.7% from 5.0% in July. Raja stated, "The good news is that the August data corrected some of the unexpected upward movement in July." However, the bad news is that inflation will still edge up before peaking—food inflation reached 5.1% in August and continues to rise. He added that the Bank of England may need to wait for more evidence before easing its restrictive policy again.The Indonesian rupiah fell slightly against the US dollar and is now trading at 16,440.September 17th News: Wu Yuetao, Director of the Employment, Income Distribution, and Consumption Department of the National Development and Reform Commission, stated at a State Council Information Office press conference on September 17th that the next step will be to further implement the "Artificial Intelligence Plus" initiative, promote the accelerated application of artificial intelligence in service consumption and other fields, and empower all types of service enterprises, large, medium, and small. Deepen the integration of online and offline consumption, and across multiple business, travel, culture, sports, and fitness formats, and encourage enterprises to create new consumption scenarios, expand new consumption experiences, and tap into new consumer demands. Solidly advance the construction of a unified large market, remove and rectify market access barriers, and create a fair market access environment for all types of enterprises, especially small and medium-sized enterprises. Leverage regular communication and problem-solving mechanisms with private enterprises, continue to listen in depth to their opinions and suggestions, and help them resolve difficulties and achieve healthy development.
