The NZD/USD pair gains strong follow-through positive traction for the second straight day and climbs to a fresh weekly high, around the 0.5720-0.5725 region during the Asian session on Wednesday.

The Indian Rupee (INR) softens on Wednesday. The local currency retreats after logging its best monthly rise in over six years, driven by a weaker Greenback and renewed foreign inflows into equities.

On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1793 as compared to the previous day's fix of 7.1775 and 7.2663 Reuters estimate.

The GBP/JPY begins Wednesday’s Asian session on a positive note, after posting losses of 0.22% on Tuesday, as investors grew risk-averse due to US trade policies.

The NZD/USD pair showed modest bullish momentum on Tuesday’s session, climbing slightly and hovering around the 0.57 zone ahead of the Asian session.

The AUD/JPY pair is showing mild intraday movement during Tuesday’s session, trading just under the 94.00 mark ahead of the Asian opening.

The Mexican Peso (MXN) recovers some ground on Tuesday as traders brace for “Liberation Day” on Wednesday, when the United States (US) President, Donald Trump, is expected to announce additional tariffs aimed at reducing the trade deficit.

The EUR/USD pair eased slightly on Tuesday’s session after the European close, holding near the 1.0800 area.

The Pound Sterling trades with minuscule losses against the US Dollar following the release of the latest Manufacturing PMI from the Institute for Supply Management (ISM), suggesting that business conditions are deteriorating, with companies feeling the impact of tariffs.

The USD/JPY pair falls sharply to near 149.00 during North American trading hours on Tuesday.

Pound Sterling (GBP) is entering the NA session largely unchanged from Monday’s close, a mid-performer among its G10 peers, Scotiabank's Chief FX Strategist Shaun Osborne notes.

Euro (EUR) is underperforming with a modest 0.2% decline vs.

The Canadian Dollar (CAD) is little changed. Spot nudged up to the 1.44 area in overnight trade but remains close to yesterday’s closing levels as markets settle into a holding pattern ahead of US tariffs and the global response to them, Scotiabank's Chief FX Strategist Shaun Osborne notes.

19 of 51 FX strategists polled by Reuters noted that they are concerned about the US Dollar's (USD) status as a safe-haven.

The AUD/USD pair turns sideways around 0.6250 in Tuesday’s European session.

AUD/USD retraced some of yesterday’s sharp losses triggered by the broad sell-off in risk assets, BBH's FX analysts report.

Instead of continuing to decline, US Dollar (USD) is more likely to trade in a range between 149.00 and 150.50 vs Japanese Yen (JPY).

USD/JPY is consolidating around 150.00, BBH's FX analysts report.

Oversold decline has not stabilised; New Zealand Dollar (NZD) could drop further, but a sustained break below 0.5640 is unlikely.

AUD/USD downtrend has stalled after reaching 0.6080 in February.

Australian Dollar (AUD) could retest the 0.6220 level; any further decline is not expected to reach 0.6185.

The USD/CAD pair touches a two-and-half-week top on Tuesday, though it struggles to find acceptance or build on the intraday uptick beyond the 1.4400 mark.

The Eurozone Harmonized Index of Consumer Prices (HICP) rose at an annual pace of 2.2% in March after increasing by 2.3% in February, the official data released by Eurostat showed Tuesday. The data matched the market forecast of 2.2% in the reported period.

Eurozone Unemployment Rate came in at 6.1%, below expectations (6.2%) in February

Eurozone Core Harmonized Index of Consumer Prices (MoM) up to 1% in March from previous 0.5%

Eurozone Harmonized Index of Consumer Prices (MoM) up to 0.6% in March from previous 0.4%

Eurozone Harmonized Index of Consumer Prices (YoY) in line with forecasts (2.2%) in March

Eurozone Core Harmonized Index of Consumer Prices (YoY) came in at 2.4%, below expectations (2.5%) in March

Pound Sterling (GBP) is under mild downward pressure vs US Dollar (USD); it is expected to edge lower, but any decline is likely limited to a test of 1.2880.

Yesterday brought us three pieces of news that could be relevant for the euro.