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EUR/USD softens below 1.1800 on Fed hawkish remarks

The EUR/USD pair edges lower to around 1.1775 during the early Asian session on Wednesday, pressured by a renewed US Dollar (USD) demand. Traders await the US President Donald Trump's State of the Union address later on Wednesday for clarity on fiscal policies. 
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Australian Dollar edges higher after Australian CPI; focus shifts to Trump’s SOTU speech

The AUD/USD pair edges higher following the release of the latest Australian consumer inflation figures, though it lacks follow-through buying and remains confined in a familiar range held over the past two weeks or so.
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