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UK's Reynolds: Negotiating a wider economic agreement to eliminate additional tariffs.
UK Trade Minister Jonathan Reynolds said on Wednesday that they are "negotiating a wider economic agreement to eliminate additional tariffs." Further comments It's disappointing that the US has imposed global tariffs on steel and aluminum.
EC President von der Leyen: EU responds with countermeasures to US tariffs on steel
European Commission President Ursula von der Leyen said on Wednesday that the European Union (EU) has launched 'swift and proportionate countermeasures' on US imports in the EU in response to steel tariffs.
USD/CHF strengthens to near 0.8850 ahead of US CPI inflation release
The USD/CHF pair trades in positive territory for the third consecutive day near 0.8840 during the early European session on Wednesday.
USD/MXN Price Forecast: Seems vulnerable while below 100-day SMA; US CPI awaited
The USD/MXN pair struggles for a firm intraday direction on Wednesday and oscillates in a narrow trading band, around the 20.2790-20.2795 region through the Asian session.
EUR/JPY climbs above 161.50 amid a slight uptick in global risk sentiment
EUR/JPY continues its upward momentum for the second consecutive day, trading around 161.60 during Wednesday's Asian session.
Gold price consolidates near weekly high; looks to US CPI for fresh impetus
Gold price (XAU/USD) trades near the weekly high during the Asian session on Wednesday and looks to build on the previous day's goodish rebound from the $2,880 region, or a one-week low.
India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.
EUR/USD declines to near 1.0900 on renewed US Dollar demand, US CPI data looms
The EUR/USD pair attracts some sellers to near 1.0900, snapping the three-day winning streak during the Asian trading hours on Wednesday.
USD/CAD holds gains near 1.4450 ahead of US CPI data, BoC interest rate decision
USD/CAD maintains its gains after a previous session of losses, trading around 1.4440 during Asian hours on Wednesday.
Silver Price Forecast: XAG/USD hovers near $33.00, four-month highs
Silver price (XAG/USD) loses ground after registering gains in the previous session, trading around $32.80 during the Asian hours on Wednesday.
GBP/USD trades with negative bias below mid-1.2900s, downside seems limited ahead of US CPI
The GBP/USD pair edges lower during the Asian session on Wednesday and erodes a part of the previous day's strong move up to over a four-month peak, around the 1.2965 area.
US CPI data set to show inflation edged lower in February as markets gauge Fed's rate cut path
The United States (US) Bureau of Labor Statistics (BLS) is set to publish the high-impact Consumer Price Index (CPI) inflation report for February on Wednesday at 12:30 GMT.
Japanese Yen retreats further from multi-month high set against USD on Tuesday
The Japanese Yen (JPY) continues losing ground against its American counterpart for the second straight day on Wednesday and moves away from the highest level since October touched the previous day.
USD/INR weakens as traders await Indian/US CPI inflation releases
The Indian Rupee (INR) rebounds on Wednesday. The potential foreign exchange intervention from the Reserve Bank of India (RBI) and strong Asian currencies, especially the offshore Chinese Yuan provide some support to the Indian currency.
NZD/USD remains subdued near 0.5700 ahead of US CPI data
NZD/USD edges lower after registering gains in the previous session, trading around 0.5710 during the Asian hours on Wednesday.
PM Albanese: Retaliatory measures would only increase costs for Australian consumers and fuel inflation
Australia's Prime Minister (PM) Albanese said on Wednesday that "retaliatory measures would only increase costs for Australian consumers and fuel inflation." PM Albanese confirmed that "Australia will not impose reciprocal tariffs on the United States (US)." His comments come after US President Donald Trump proceeded with 25% tariffs on all imported steel and aluminium.
PBOC sets USD/CNY reference rate at 7.1696 vs. 7.1741 previous
On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1696 as compared to the previous day's fix of 7.1741 and 7.2324 Reuters estimates.
Australian Dollar weakens due to increased risk aversion
The Australian Dollar (AUD) weakens against the US Dollar (USD) on Wednesday, weighed down by broad risk aversion.
Japan firms set to offer strong wage hikes for third straight year
Japan's largest companies are expected to offer substantial wage hikes for a third consecutive year, helping workers cope with inflation and retain staff amid labour shortages, per Reuters.
WTI recovers above $66.00 on softer US Dollar
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.25 during the early Asian session on Wednesday.
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