AUD/USD extends its losses for the second successive day, trading around 0.6980 during the European hours on Wednesday. The pair stays under pressure as the Australian Dollar (AUD) weakens following the latest domestic inflation data release.

Germany IFO – Business Climate came in at 86.4, above expectations (86.1) in March

Germany IFO – Expectations in line with forecasts (86) in March

Germany IFO – Current Assessment came in at 86.7, above forecasts (86) in March

Germany IFO – Business Climate came in at 88.6, above expectations (86.1) in March

Switzerland ZEW Survey – Expectations fell from previous 9.8 to -35 in March

UOB Economist Lee Sue Ann expects the Reserve Bank of Australia (RBA) to keep the cash rate at 4.10% through 4Q26, after a split decision hike in March driven by Iran-related energy shocks and a strong labour market.

European Central Bank (ECB) President Christine Lagarde signaled at the ECB and its Watchers conference at Goethe University in Frankfurt during European trading hours on Wednesday that the central bank is ready for monetary policy adjustments if inflation proves stronger.

Commerzbank’s Thu Lan Nguyen notes that EUR/USD has rebounded about two cents from its recent low near 1.14, driven mainly by Euro strength while the Dollar trades sideways.

OCBC strategists Sim Moh Siong and Christopher Wong highlight that rising Oil prices are worsening Japan’s terms of trade, fiscal risks and policy uncertainty, keeping the Japanese Yen (JPY) under pressure.

Dow Jones futures inch higher 0.7% to near 46,750 during European hours, ahead of the United States (US) regular market open on Wednesday. Meanwhile, S&P 500 and Nasdaq 100 futures gains 0.6% and 0.63% to near 6,650 and 24,360, respectively, at the time of writing.

BNY’s Geoff Yu argues that developed market central banks, especially in Europe, are unlikely to deliver all priced rate hikes as weaker household demand emerges as a key second-round effect of the conflict. iFlow data show consumer discretionary as the worst-performing DM sector, while Utilities an

Deutsche Bank’s Chief UK Economist Sanjay Raja notes that UK inflation data broadly matched expectations, with Headline CPI at 3% and stronger Services CPI driving a firmer Core CPI outcome.

Silver price (XAG/USD) extends its winning streak for the third trading day on Wednesday, trading over 2% around $73.00 during the European session. The white metal strengthens amid increased efforts from United States (US) President Donald Trump to end the war in the Middle East.

The NZD/USD pair extends its steady descent for the second consecutive day and drops to the 0.5800 mark during the early part of the European session on Wednesday.

West Texas Intermediate (WTI) oil price gains ground after two days of losses, trading around $88.00 per barrel during the early European hours on Wednesday.

Here is what you need to know on Wednesday, March 25:

Polkadot (DOT) price extends its losses, slipping below $1.40 as of writing on Wednesday after falling slightly the previous day. Weakening derivatives metrics, alongside increasing bearish technical indicators, support a deeper correction for DOT in the near term.

TD Securities strategists argue that US Dollar upside should persist while global risk premia stay elevated, even though their longer-term 2026 view remains bearish.

Germany’s IFO institute will publish its business survey for March on Wednesday at 09:00 GMT.

Danske Research Team highlights that EUR/USD traded around 1.16 with Germany Ifo survey is due.

The GBP/USD pair once again faces rejection near a technically significant 200-day Simple Moving Average (SMA) and turns lower for the second consecutive day on Wednesday.

United Kingdom Producer Price Index - Input (MoM) n.s.a came in at 0.8%, above expectations (0.5%) in February

Commerzbank’s Thu Lan Nguyen highlights that the Swiss Franc (CHF) has weakened since the Iran war began, helped by ultra-low Swiss inflation and the Swiss National Bank’s (SNB) persistent intervention threats.

United Kingdom Producer Price Index - Input (MoM) n.s.a above forecasts (0.5%) in February: Actual (0.7%)

United Kingdom Producer Price Index - Input (YoY) n.s.a came in at 0.5%, above forecasts (0.4%) in February

United Kingdom PPI Core Output (YoY) n.s.a dipped from previous 2.9% to 1.9% in February