GBP/USD remains on the defensive below 1.2600, eyes on US data, Fed's Powell speech
The GBP/USD pair trades with a negative mild bias around 1.2575 despite the decline of the US Dollar on Wednesday.
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The GBP/USD pair trades with a negative mild bias around 1.2575 despite the decline of the US Dollar on Wednesday.
KUALA LUMPUR: Bursa Malaysia pulled back following a sharp sell-off on Wall Street overnight amid diminishing hopes of a cut to the US lending rate in June.
Australian shares are set to open higher. US equities were higher, though fluctuating, as the Fed chairman said he still sees lower rates in 2024.
The Mexican Peso posts gains against the US Dollar on Wednesday as US Treasury yields climbed, sponsored by Atlanta Federal Reserve President Raphael Bostic's hawkish comments.
Fed still seen cutting rates in June.