The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, following the release of Australia's higher-than-expected consumer prices on quarter in the first quarter of 2024.

The U.S. dollar weakened against the euro and the pound in the Asian session on Wednesday.

The Japanese yen weakened against other major currencies in the Asian session on Wednesday.

The New Zealand dollar strengthened against most major currencies in the Asian session on Wednesday.

The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Altcoins upbeat, Bitcoin hesitant to breakout

U.S. markets experienced significant gains, with both the Nasdaq and S&P 500 closing up over 1% on impending earnings reports from tech giants.

The AUD/USD pair is experiencing upward momentum for the second consecutive day, reaching a one-week high near 0.6453 on Tuesday. This positive movement comes after a period of rapid decline and is supported by encouraging economic data from Australia.

Gold-dollar down 2.4%, MACD negative. Euro-dollar flat, ROC negative. Pound-dollar dips 0.2%, oversold. Bitcoin-dollar jumps 2.3%, stochastic positive. Wall Street rebounds, eyes on earnings. Bitcoin demand slows post-halving. Tesla expects profit margin decline. Major events: US Redbook Index, New Home Sales, 2-Year Note Auction; Japan's PMI; UK's Net Borrowing.

Gold dives towards 2,300; MACD and RSI decline from overbought regions; Price post bearish correction