{
  "id": 6444597,
  "title": "Forex Today: Attention shifts to the ECB and US PPI",
  "url": "https://urgent.news/2026/09/09/forex-today-attention-shifts-to-the-ecb-and-us-ppi",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-09T17:12:16.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/forex-today-attention-shifts-to-the-ecb-and-us-ppi-202609091712"
  },
  "original_language": "en",
  "account": "On Wednesday, the US Dollar (USD) experienced a bearish trend, with traders paying less attention to Middle East tensions and focusing on upcoming US inflation data scheduled for release on Friday. The US Dollar Index (DXY) remained below the 99.00 level, experiencing a slight decline despite a rebound in US Treasury yields across the curve, especially following the US Treasury's announcement regarding a potential buyback of up to $6 billion in 10- to 20-year T-bonds.\n\nProducer Price Indices are expected to take center stage, followed by Initial Jobless Claims, Existing Home Sales, Wholesale Inventories, and the Energy Information Administration's weekly report on US crude oil inventories. The Euro (EUR) against the US Dollar (EUR/USD) has maintained a bullish bias, surging to multi-day peaks surpassing 1.1650. The European Central Bank (ECB) is widely expected to increase interest rates by 25 basis points, with the final German Inflation Rate set to be released.\n\nThe British Pound (GBP) against the US Dollar (GBP/USD) has overcome Tuesday's uncertain price action and resumed its upward movement, reaching multi-day peaks near 1.3570. The Residential Investment Activity Balance in the UK will be the sole release across the English Channel. USD/JPY has struggled to find relief, falling back to the 153.00 region, marking a seven-month low. The weekly Foreign Bond Investment figures and the Bank of Japan (BoJ) speech by Masu are pending.\n\nThe Australian Dollar (AUD) has reached fresh highs around 0.7240, levels not seen since early May. The publication of Consumer Inflation Expectations tracked by the Melbourne Institute will be next on the agenda in Australia. West Texas Intermediate (WTI) oil prices flirted with four-month highs near the $97.00 mark per barrel, buoyed by ongoing concerns in the US-Iran-Hormuz crisis. Gold managed to break a three-day losing streak, reclaiming the area above the $4,400 mark per troy ounce, driven by mild expectations on the US Dollar, perpetual geopolitical uncertainties, and cautious market sentiment ahead of the US CPI data.\n\nBorn and raised in Argentina, Pablo has been immersed in the foreign exchange (FX) markets and trading since his first college years. AUD/USD has continued its consolidation pattern above 0.7200 during the Asian session on Wednesday, not influenced by the release of Chinese CPI and PPI data. Meanwhile, expectations of higher Reserve Bank of Australia (RBA) interest rate hikes are providing support for the Australian Dollar amid Yen-inspired US Dollar weakness. Traders are eagerly awaiting the release of US inflation figures later in the week for renewed momentum. USD/JPY has shaken off bearish pressure and traded above 153.50 in the American session on Wednesday, benefiting from solid Japanese data and expectations that the Bank of Japan (BoJ) will proceed with normalizing monetary policy, thereby supporting the Yen and capping the pair's upside for now. Gold rebounded on Wednesday, ending a three-day losing streak and surpassing the key $4,400 mark per troy ounce, as the US Dollar experienced further selling pressure and geopolitical tensions remained volatile.",
  "summary": "The US Dollar (USD) has navigated a bearish range on Wednesday, gathering some pace soon after the US Treasury announced a buyback of up to $6 billion in 10- to 20-year T-bonds.",
  "key_points": [
    "US Dollar experiences bearish trend, traders focus on US PPI data",
    "Euro (EUR) surges to multi-day peaks, surpassing 1.1650",
    "British Pound (GBP) reaches multi-day highs near 1.3570"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}