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EUR/USD edges higher amid flat momentum - OCBC
Euro (EUR) ticked higher vs US Dollar (USD) and was last seen at 1.1044 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/JPY: Short squeeze soon? - OCBC
USD/JPY dipped this morning. Safe-haven demand was the main catalyst while UST-JGB yield differentials also narrowed. Pair was last at 144.74 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/CAD tumbles below 1.4200 as US Dollar dives amid US recession fears
The USD/CAD pair falls sharply to near 1.4180 during European trading hours on Wednesday. The Loonie pair faces an intense sell-off as the US Dollar (USD) takes bullet for United States (US) President Donald Trump raising import duty on China to 104%.
US Dollar dives as US tariffs trigger market reaction
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, extends the previous day's correction and hovers around 102.30 at the time of writing on Wednesday after testing the 102.00 level in the early Asian session.
Brent falls below key 2024 support - Societe Generale
Brent crude has extended its decline after breaching key support levels from earlier in 2024. While momentum indicators suggest the move is stretched, signs of a significant rebound remain elusive, Societe Generale's FX analysts report.
Euro shows unexpected safe haven strength - Rabobank
Following President Trump's tariff announcement, the euro has shown surprising resilience, acting more like a safe haven currency alongside the Swiss franc and Japanese yen.
Breaking: China announces additional 84% tariffs on US goods from April 10
China's Finance Ministry announced on Wednesday that they will impose additional 84% tariffs on US imports from April 10.
Silver Price Forecast: XAG/USD rallies above $30 as US Dollar tumbles on US-China tariff war
Silver price (XAG/USD) surges almost 2% to near $30.40 during European trading hours on Wednesday. The white metal strengthens as the US Dollar (USD) tumbles amid fears that the escalating trade war between Washington and Beijing could lead the United States (US) economy into a recession.
MXN: Inflation figures are unlikely to provide new information - Commerzbank
This afternoon the Mexican statistics office will release the March inflation figures. However, they are unlikely to tell us much new, Commerzbank's FX analyst Michael Pfister notes.
USD/CNH: Any advance is likely part of a higher range of 7.3600/7.4420 - UOB Group
Further US Dollar (USD) strength is not ruled out vs Chinese Yuan (CNH), but any advance is likely part of a higher range of 7.3600/7.4420.
EUR/USD strengthens on fresh escalation in US-China trade war
EUR/USD advances to near 1.1050 in Wednesday's European session. The major currency pair remains firm as the US Dollar (USD) stays under pressure on the brewing trade war between the United States (US) and China.
How fast is too fast for the SNB? - Commerzbank
The Swiss franc has emerged as a clear winner amidst the recent market turbulence following Donald Trump's tariff announcement, appreciating significantly against major currencies.
USD/JPY: Oversold weakness has not stabilized - UOB Group
UD Dollar (USD) has gathered downward momentum vs Japanese Yen (JPY), but it might not be able to break below 145.00.
RBNZ cuts rates as expected - Commerzbank
As expected, the Reserve Bank of New Zealand cut its key interest rate by 25 basis points to 3.5% this morning. After the RBNZ had recently cut interest rates in large steps of 50 basis points each, the pace has been slowed down, as expected.
CNY: 7.35 and on it goes - Commerzbank
So far, the Chinese currency has not responded to the US tariffs with a major devaluation. But many small devaluations can add up to a big effect. USD/CNY rose as high as 7.35 this morning, the weakest level for the CNY since 2007.
BoE: Major shift in global trading arrangements could harm financial stability by depressing growth
"A major shift in global trading arrangements could harm financial stability by depressing growth," the Bank of England's Financial Policy Committee said in a statement following its two-day meeting.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Gold jumps to $3,050 as US tariffs go into effect
Gold price (XAU/USD) bounces higher and recovers to $3,050 at the time of writing on Wednesday as United States (US) President Donald Trump's tariffs come into effect.
ECB's Rehn: Downside risks have materialised since March rate meeting
European Central Bank (ECB) policymaker Olli Rehn said on Wednesday that the case for continuing rate cuts at the April meeting is supported by downside risks materializing, per Reuters.
ECB's Villeroy: Trump administration actions offer opportunity to boost Euro's international role
European Central Bank (ECB) policymaker and Bank of France head Francois Villeroy de Galhau said on Wednesday that they estimate the trade conflict to reduce Eurozone growth by 0.25 percentage points this year, per Reuters.
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