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West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.70 during the early Asian trading hours on Wednesday. The WTI price edges lower amid easing concerns about supply disruption after US President Donald Trump gives a 50-day deadline for Russia to end the war in Ukraine. 

Dallas Federal Reserve Bank President Lorie Logan spoke at a World Affairs Council event in San Antonio on Tuesday.

US President Donald Trump said late Tuesday that letters notifying smaller countries of their US tariff rates would go out soon, per Reuters. Trump further stated that his administration would likely set a tariff of "a little over 10%" for those countries.

US President Donald Trump said late Tuesday that Scott Bessent is an option to replace the Federal Reserve (Fed) Chair, but he likes the job that Bessent is doing as US Treasury Secretary, per Reuters. 

The USD/CAD pair trades with mild losses near 1.3720 during the early Asian session on Wednesday. Hotter Canadian inflation data reduced expectations for Bank of Canada (BoC) interest rate cuts, supporting the Canadian Dollar (CAD).

South Korea Unemployment Rate down to 2.6% in June from previous 2.7%

The EUR/USD fell some 0.55% on Tuesday after the latest US inflation report revealed that prices are edging higher, justifying the Federal Reserve's current policy stance. Hence, traders trimmed bets that the Fed would cut rates at the July meeting.

GBP/USD shed weight for the eighth straight session on Tuesday.

South Korea Export Price Growth (YoY) fell from previous -2.4% to -4.5% in June

South Korea Import Price Growth (YoY) down to -6.2% in June from previous -5%

United States (US) President Donald Trump touched on a wide variety of topics on Tuesday.

United States API Weekly Crude Oil Stock above expectations (-2M) in July 11: Actual (19.1M)

Bank of England (BoE) Governor Andrew Bailey took the time to fire a quiet shot across the bow of the United States (US), particularly the Trump administration's whiplash tariff and trade policies that change on a nearly-daily basis, noting that countries with high deficits will be the first to expe

Gold price tumbled on Tuesday, down more than 0.40% following the release of the latest inflation report in the United States (US), which boosted the US Dollar to the detriment of the precious metal.

The British Pound (GBP) continues to appreciate against the Japanese Yen (JPY) on Tuesday, as diverging central bank policies and rising geopolitical tensions support bullish momentum.

The Greenback extended its recovery on turnaround Tuesday, this time propped up by higher US inflation data in June, which lent support to the ongoing prudent stance by the Federal Reserve.

Federal Reserve (Fed) Bank of Boston President Susan Collins noted on Tuesday that the Fed still expects some kind of impact from the Trump administration's tariffs.

The Canadian Dollar (CAD) took a one-two punch on Tuesday after Consumer Price Index (CPI) inflation figures rose through the end of the second quarter on both sides of the 49th parallel. The Loonie fell back into recent lows post-CPI print, boosting the USD/CAD pair back above the 1.3700 handle.

The Swiss Franc (CHF) weakens against the US Dollar (USD) on Tuesday, as traders flock to the Greenback in response to hotter-than-expected US inflation data.

The Euro (EUR) strengthened against the Japanese Yen (JPY) on Tuesday as investors rotated out of the Yen amid a mix of geopolitical and domestic policy concerns.