The Australian Dollar is largely unchanged following a hotter-than-expected Q2 CPI print. Next week's RBA decision will be key to AUD/USD's direction, but lockdowns weigh on the economic outlook.

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The Japanese Yen saw inflows overnight as traders brace for this week's FOMC decision. Australia's CPI print may help guide RBA bets in today's Asia-Pacific session.

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The US Dollar edged lower on Tuesday with EUR/USD, USD/JPY, and GBP/USD all reflecting US Dollar weakness. Will the Fed catch markets off-guard with another hawkish surprise tomorrow?

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Strong earnings from Apple Microsoft, and Alphabet were unable to lighten sentiment as indices declined ahead of Wednesday’s Federal Reserve policy decision.

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