India RBI Interest Rate Decision (Repo Rate) in line with expectations (5.25%)

India Reverse Repo Rate remains unchanged at 3.35%

GBP/USD extends its winning streak for the third consecutive day, trading around 1.3400 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) declines on decreased safe-haven demand after the United States (US) and Iran agreed on a two-week ceasefire.

The NZD/USD pair jumps to a near two-week high of around 0.5820 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) after the Reserve Bank of New Zealand (RBNZ) interest rate decision and a broader risk-on sentiment.

Silver (XAG/USD) retreats slightly from the weekly high set earlier during the Asian session this Wednesday and currently trades just below mid- $76.00s, still up over 4.5% for the day.

The Japanese Yen (JPY) trades significantly higher against the US Dollar (USD) on Wednesday, with the USD/JPY pair sliding 0.75% to near 158.40 during the Asian trading session.

Indonesia Foreign Reserves: $148.2 (March) vs previous $151.9

Gold (XAU/USD) builds on the previous day's bounce from the $4,600 neighborhood and scales higher for the second straight day, hitting a nearly three-week peak during the Asian session on Wednesday.

EUR/USD extends its winning streak for the third successive day, trading around 1.1670 during Asian hours on Wednesday. The daily chart technical analysis indicates a bullish reversal as the pair is rising above the descending channel pattern.

Bitcoin (BTC) resurfaces above $71,000 at press time on Wednesday, on easing tensions in the Middle East with the US-Iran ceasefire. The broader crypto market witnesses a renewed risk-on sentiment, wiping out over $400 million in short positions.

The AUD/USD pair surges 1.2% to near 0.7060 in the Asian trading session on Wednesday.

In a telephonic interview with Agence France-Presse (AFP) after the announcement of the ceasefire between the United States (US) and Iran, US President Donald Trump touted that the truce with Iran is a “total and complete victory”.

Israeli Prime Minister (PM) Benjamin Netanyahu said during Asian trading hours on Wednesday that the nation supports United States (US) President Donald Trump’s decision to suspend attacks on Iran for two weeks, subject to Iran opening the Strait of Hormuz and stopping attacks, Israeli media reporte

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) extend their recovery on Wednesday, supported by improving risk sentiment following the announcement of a two-week ceasefire between the US and Iran.

The AUD/JPY cross gathers strength to around 111.80 during the Asian trading hours on Wednesday. The Australian Dollar (AUD) edges higher against the Japanese Yen (JPY) amid improved risk sentiment.

The NZD/USD pair turns positive for the third straight day following a modest Asian session dip to the 0.5700 mark and rallies to a nearly two-week top on Wednesday in reaction to the US-Iran ceasefire news.

AUD/NZD trades around 1.2170 during the Asian hours on Wednesday, halting its winning streak that began on March 30.

New Zealand RBNZ Interest Rate Decision meets forecasts (2.25%)

White House Press Secretary Karoline Leavitt clarified that talks with Iran have not been finalized after the latter said it agreed to talks with the United States (US) to begin Friday in Pakistan.

EUR/JPY remains in the positive territory after paring its daily gains, trading around 185.20 during the Asian hours on Wednesday. The currency cross trims intraday gains as the Japanese Yen (JPY) strengthens on falling oil prices after the US-Iran ceasefire.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – plummets to a nearly two-week trough during the Asian session on Wednesday in reaction to news that the US and Iran have agreed to a two-week ceasefire.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Wednesday at 6.8680 compared to the previous day's fix of 6.8854 and 6.8369 Reuters estimate.

Chicago Mercantile Exchange (CME) Group announced Tuesday that it will launch futures contracts tied to Avalanche (AVAX) and Sui (SUI) in May, expanding its offerings beyond Bitcoin (BTC), Ethereum (ETH) and a growing list of Layer-1 assets.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.05 during the Asian trading hours on Wednesday.

The USD/CHF pair attracts heavy selling during the Asian session on Wednesday and dives to a two-week low amid a broadly weaker US Dollar (USD).

NZD/USD extends its winning streak for the third successive day, trading around 0.5790 during the Asian hours on Wednesday. The pair appreciates amid risk-on sentiment after US President Donald Trump agrees to suspend Iran bombing for two weeks.

The USD/CAD pair declines to around 1.3835 during the early Asian trading hours on Wednesday. The US Dollar (USD) weakens against the Canadian Dollar (CAD) after Iran agrees to a two-week ceasefire with the United States (US).