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EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Wednesday, according to FXStreet data.
China's white paper: Willing to communicate with US on important issues in economy, trade
China released a white paper on US trade and economic relations on Wednesday.
USD/CHF tumbles below 0.8450 amid risk-off mood, eyes on FOMC Minutes
The USD/CHF pair extends its downside to near 0.8435 during the early European session. The Swiss Franc (CHF) edges higher against the US Dollar (USD) as traders seek refuge from the intensifying market turmoil caused by US President Donald Trump's sweeping tariffs and fears of a global recession.
China to convene a high-level meeting in response to US tariffs
Citing people with knowledge of the matter, Reuters reported on Wednesday that senior officials from China's State Council, several government and regulatory bodies plan to hold a meeting as early as Wednesday in response to US President Donald Trump's 104% tariffs on Chinese goods.
BoJ's Ueda: Will continue to raise rates if economy keeps improving in line with outlook
Ahead of his meeting with the Japanese Financial Services Agency (FSA) and Ministry of Finance (MoF) on Wednesday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the central bank "will continue to raise rates if the economy keeps improving in line with the outlook."
French Minister Haddad: Hopes for talks with US over tariffs
France's European Affairs Minister Benjamin Haddad reaffirmed on Wednesday, he has hopes for talks with United States (US) over tariffs.
USD/CAD finds some support near 1.4200 mark as Oil prices plunge to fresh multi-year low
The USD/CAD pair continues with its struggle to move back above the 100-day Simple Moving Average (SMA) and attracts fresh sellers during the Asian session on Wednesday.
India Gold price today: Gold jumps as Trump's 104% tariffs on China kick in
US President Donald Trump's global reciprocal kick in on Wednesday, fuelling a fresh risk-aversion wave across the financial markets, spiking up the demand for the traditional safe haven Gold.
EUR/JPY trades near 160.40 after recovering daily losses, eyes on MOF, FSA, BoJ's meeting
EUR/JPY recovers its daily losses, trading near the 160.50 during Asian trading hours on Wednesday.
EUR/USD attracts some buyers above 1.1050, FOMC Minutes in focus
The EUR/USD pair rises to near 1.1065 during the early European session on Wednesday. The US Dollar (USD) weakens against the Euro (EUR) after US President Donald Trump's tariff policy takes effect.
NZD/USD Price Forecast: Rebounds from sub-0.5500 levels/multi-year low; not out of the woods yet
The NZD/USD pair stages a modest recovery from levels below the 0.5500 psychological mark, or the lowest since March 2020 touched earlier this Thursday after the Reserve Bank of New Zealand (RBNZ) announced its policy decision.
Gold price jumps back above $3,000 amid trade war threat to global growth
Gold price (XAU/USD) regains positive traction following the previous day's failed attempt to surpass the $3,022-3,023 hurdle and retakes the $3,000 psychological mark during the Asian session on Wednesday.
GBP/USD appreciates to near 1.2850 due to easing trade tensions after Trump's comments
The GBP/USD pair advances for a second straight session, trading near 1.2820 during Asian hours on Wednesday.
Silver Price Forecast: XAG/USD holds above $29.50 amid tariff uncertainty
The Silver price (XAG/USD) recovers some lost ground to around $29.85 during the Asian trading hours on Wednesday. Analysts believe the recent correction could be a setup for a strong rebound amid rising trade tensions and recession fears.
Japanese Yen strengthens further as recession fears boost safe-haven demand
The Japanese Yen (JPY) buying remains unabated for the second straight day on Wednesday as investors continue to take refuge in the traditional safe-haven currency amid concerns about a tariffs-driven global recession.
NZD/USD rises to near 0.5550 following RBNZ interest rate decision
The NZD/USD pair edges higher after the Reserve Bank of New Zealand (RBNZ) cut interest rates by 25 basis points (bps), in line with market expectations.
AUD/NZD sticks to intraday gains around 1.0800 after RBNZ's expected 25 bps rate cut
The AUD/NZD cross regains positive traction during the Asian session on Wednesday, though it struggles to capitalize on the move and remains confined in the previous day's broader range.
USD/INR holds steady ahead of RBI rate decision
The Indian Rupee (INR) trades flat on Wednesday after reaching the largest single-day loss in nearly three months in the previous session. The local currency remains under pressure amid a looming global trade war stoking fears of economic meltdown.
Australian Dollar appreciates amid potential easing of global trade tensions
The Australian Dollar (AUD) halts its three-day losing streak against the US Dollar (USD) on Wednesday, supported by comments from US President Donald Trump suggesting a willingness to negotiate with trade partners.
PBOC sets USD/CNY reference rate at 7.2066 vs. 7.2038 previous
On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2066 as compared to the previous day's fix of 7.2038 and 7.3348 Reuters estimate.
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