AUD/USD collapsed to 3-week lows below 0.7300.

After the LTC/USD experienced a classic pump-and-dump scheme last week, following false reports that US grocer Walmart partnered with Litecoin to offer it as a payment solution in its stores, price action corrected into support. After the announcement, the LTC/USD rallied from $170 to $230 before dropping below $170. While the reversal is bearish, this cryptocurrency pair has reached a support area while selling pressure is fading.

Investors are increasingly concerned that Canada's federal election could lead to a stalemate that hinders Ottawa's response to the COVID-19 pandemic and further slows the recovery from the crisis.

Canada: CPI up 4.1% y/y in August.

The New Zealand GDP for the second quarter decreased 2.8% quarterly and 17.4% annualized. Economists predicted an increase of 1.3% and 16.3%. Forex traders can compare this to the New Zealand GDP for the first quarter, which increased 1.4% quarterly and 2.9% annualized. The New Zealand GDP Annual Average for the second quarter increased 5.1% quarterly, and GDP Expenditure increased 2.6% quarterly. Economists predicted an increase of 4.3% and 1.4%. Forex traders can compare this to the New Zealand GDP Annual Average for the first quarter, which decreased 1.4% quarterly, and GDP Expenditure, which increased 1.4% quarterly.

New Zealand Prime Minister Ardern will reassess the danger levels on September 20.

EUR/USD cuts losses and rises above 1.1800 again.

Final Japanese Industrial Production for July decreased 1.5% monthly and increased 11.6% annualized. Forex traders can compare this to Japanese Industrial Production for June, which increased 6.5% monthly and 23.0% annualized. Capacity Utilization for July decreased 3.4% monthly. Forex traders can compare this to Capacity Utilization for June, which increased 6.2% monthly.

The Bank of Canada (BoC) announced Wednesday that it left its key rate unchanged at 0.25% after its July policy meeting, as expected.

ECB, Vasle: Monetary policy is still "highly accommodative."