The USD/CAD pair is trading near the 1.3580 level, regaining its footing in Wednesday's American session after the International Energy Agency (IEA) agreed to release 400 million barrels of oil to address the supply disruption from the Iran war.
The USD/CAD pair is trading near the 1.3580 level, regaining its footing in Wednesday's American session after the International Energy Agency (IEA) agreed to release 400 million barrels of oil to address the supply disruption from the Iran war.
Gold (XAU/USD) prices edge lower on Wednesday amid broad US Dollar (USD) strength following the release of US inflation data, which maintained the status quo.
Tatha Ghose at Commerzbank highlights rising political uncertainty in Poland, including potential vetoes of defence-related EU funding legislation and a hard-right opposition candidate for 2027.
USD/CHF posted back-to-back bullish days on Wednesday, rising by over 0.25% after the latest US inflation report and as high energy prices pushed US Treasury yields higher, consequently the US Dollar (USD). At the time of writing, the pair trades near 0.7800.
The Euro (EUR) edges lower against the US Dollar (USD) on Wednesday as the Greenback remains well supported amid cautious market sentiment driven by the ongoing US-Iran war.
NZD/USD trades lower on Wednesday, hovering around 0.5910 at the time of writing and down 0.38% on the day. The Kiwi remains under pressure as investors stay cautious amid persistent risk aversion in global markets, driven by escalating geopolitical tensions in the Middle East.
USD/JPY extends gains on Wednesday as the Japanese Yen (JPY) remains under pressure amid concerns over Oil supply disruptions linked to the US-Iran war, as Japan relies heavily on imported energy, particularly from the Middle East.
Standard Chartered’s Bader Al Sarraf now expects the Central Bank of Egypt to keep policy rates at 19% through FY26, postponing earlier plans for near-term easing. The bank still forecasts a 13% policy rate by end-2026, assuming conditions stabilise.
The Pound Sterling (GBP) remains firm during the North American session on Wednesday, even though the Middle East conflict entered its twelfth day of hostilities. Inflation in the US boosted the Greenback’s prospects, yet GBP/USD trades at around 1.3400, virtually unchanged.
Isabel Schnabel, member of the executive board of the European Central Bank (ECB), said on Wednesday that they must monitor the persistence of the energy price shock in Europe and stay vigilant for upside inflation risks, in a speech at the Frankfurt School of Finance and Management Centre for Centr