AUDUSD is posting small gains while defending 0.6600, as the US Dollar nurses overnight losses, fuelled by Fitch's US credit rating downgrade. The further upside in the Aussie appears elusive amid a risk-off market mood and following the dovish RBA outlook. US ADP jobs eyed.
USDJPY drifts lower on Wednesday and snaps a three-day winning streak to a three-week top. Fitch downgrade of the US rating weighs on the USD and benefits the JPY's safe-haven status. The divergent BoJ-Fed outlook lends some support to the pair and helps limit any further losses.
Gold price attracts some haven flows on Wednesday, albeit lacks follow-through. Fitch downgrade of the US rating weighs on the USD and offers some support. Bets for one more Fed rate hike and hawkish central banks cap any further gains.
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