The NZD/USD pair gathers strength to near 0.5915 during the early European session on Wednesday. The New Zealand Dollar (NZD) edges higher against the US Dollar (USD) after US President Donald Trump says the US is extending the ceasefire with Iran at Pakistan's request.
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EUROPEAN SESSION In the European session, the only highlight was the UK CPI report. The data showed the widely expected increase in headline inflation due to higher energy prices but the core figure eased further to 3.1% vs 3.2% prior. The bad news in this report is services inflation which remains
There are just a couple to take note of on the day, as highlighted in bold below. They are for EUR/USD at the 1.1760 and 1.1790-00 levels. The currency pair has been looking a little heavier since overnight trading, as the risk mood retreats slightly as US-Iran developments continue to hit a roadblo
The Indian Rupee (INR) weakens further against the US Dollar (USD) on Wednesday, extending its losing streak for the third trading day.
Even with the dollar's recent slump, the yen is unable to get off the floor too as Japan continues to suffer heavily from the Middle East conflict. The closure of the Strait of Hormuz is hitting Asian countries hard and Japan is one to be impacted quite badly in all of this. That has already seen th
EUR/USD remains subdued for the second consecutive day, trading around 1.1740 during the Asian hours on Wednesday. The pair holds little losses as the US Dollar (USD) gains ground on increased market caution amid ongoing uncertainty surrounding the Middle East conflict.
The USD/CAD pair fails to capitalize on the previous day's modest recovery from the 1.3630 region, or its lowest level since March 13, and remains on the back foot during the Asian session on Wednesday.
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The GBP/JPY cross trades with a positive bias for the third straight day and touches a fresh weekly top, around the 215.35-215.40 region during the Asian session on Wednesday.