GBP/USD steadies after posting gains over the previous two sessions, hovering around 1.1350 during Asian trading hours on Wednesday.

USD/CAD remains flat after posting little gains in the previous session, hovering around 1.3690 during the Asian hours on Wednesday. The pair holds steady as traders remain cautious ahead of policy decisions from both the Federal Reserve (Fed) and the Bank of Canada (BoC) later in the day.

The NZD/USD pair edges higher during the Asian session on Wednesday and currently trades just above mid-0.5800s, though it  lacks bullish conviction.

The AUD/USD pair gains traction to near 0.7115 during the Asian trading hours on Wednesday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) after a hawkish interest rate hike from the Reserve Bank of Australia (RBA).

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8909 compared to the previous day's fix of 6.8961 and 6.8798 Reuters estimate.

EUR/USD ticks slightly lower after posting gains over the previous two sessions, hovering near 1.1530 during Asian trading hours on Wednesday.

South Korea Unemployment Rate down to 2.9% in February from previous 3%

The Pound Sterling edged higher for a second session as traders brace for Wednesday's Fed hold and Thursday's BoE rate decision.

USD/JPY fell less than 0.1% on Tuesday, settling close to 158.90 in a narrow, directionless session.

The Australian Dollar extended its gains for the second straight day after the Reserve Bank of Australia raised rates by 25 basis points, as expected. At the time of writing, the AUD/USD trades at 0.7104, up 0.48%.

The NZD/USD pair is trading near the 0.5860 price region on Tuesday, erasing almost all its intraday losses as the Middle East war escalates, pressuring the US Dollar (USD).

EUR/USD edges higher on Tuesday, extending gains for a second consecutive day as a softer US Dollar (USD) lends support to the Euro (EUR), with market focus gradually shifting from the ongoing US-Iran war to upcoming monetary policy announcements from the Federal Reserve (Fed) and the European Centr

NZD/USD trades around 0.5860 on Tuesday, posting a slight daily decline after rebounding from intraday lows. The move remains limited but reflects cautious market sentiment as the US Dollar (USD) holds steady and multiple risk factors dominate the macro backdrop.

EUR/GBP trades around 0.8640 on Tuesday at the time of writing, virtually unchanged for the day, as investors remain on the sidelines ahead of the European Central Bank (ECB) and the Bank of England (BoE) monetary policy decisions due on Thursday.

Scotiabank’s FX team highlights a modest Euro gain versus the Dollar, with EUR/USD supported after Monday’s bullish reversal. The pair is shrugging off weak German ZEW data as sentiment and elevated yield spreads underpin the Euro.

The GBP/USD pair is trading near the 1.3350 price region on Tuesday, striking a bullish tone as investors continue to move away from the US Dollar (USD) ahead of the Federal Reserve (Fed) monetary policy decision on Wednesday.

The British Pound (GBP) trades broadly flat against the Japanese Yen (JPY) on Tuesday as a thin economic calendar keeps price action subdued, with attention firmly shifting to the Bank of England (BoE) and Bank of Japan (BoJ) interest rate decisions due on Thursday.

Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is flat against the Dollar (USD) but supported by elevated Oil prices and narrow yield spreads.

Rabobank’s Senior FX Strategist Jane Foley discusses Japanese Yen (JPY) dynamics around upcoming G10 central bank meetings and potential Bank of Japan policy shifts. Foley notes Governor Ueda’s hawkish tone, ongoing BoJ tightening expectations despite higher energy costs.

The Swiss Franc (CHF) weakens against the Euro (EUR), with EUR/CHF edging higher after reversing intraday losses, despite soft Eurozone Economic Sentiment data.

EUR/JPY trades around 183.25 on Tuesday at the time of writing, up 0.14% on the day, extending its gains for a second consecutive session.

BNY’s Head of Markets Macro Strategy Bob Savage highlights that the Canadian Dollar (CAD) has been among the best-performing G10 currencies over the past two weeks, helped by steady inflows during the Iran conflict.

AUD/USD trades around 0.7090 on Tuesday at the time of writing, up 0.25% on the day, rebounding after an initial pullback following the Reserve Bank of Australia (RBA) monetary policy decision.

ING’s Francesco Pesole notes the Reserve Bank of Australia (RBA) delivered a split 25 bp hike to 4.10%, initially read as dovish and triggering a sell-the-fact move in AUD/USD before a rebound on Governor Bullock’s comments.

The Japanese Yen (JPY) claws back its early losses against the US Dollar (USD) during the European trading session on Tuesday.

The EUR/USD pair holds onto Monday’s gains slightly above 1.1500 during the European trading session on Tuesday. The major currency pair trades firmly as the US Dollar (USD) has come under pressure ahead of the Federal Reserve’s (Fed) monetary policy announcement on Wednesday.

Eurozone ZEW Survey – Economic Sentiment below expectations (24) in March: Actual (-8.5)

Germany ZEW Survey – Economic Sentiment below forecasts (38.7) in March: Actual (-0.5)

Germany ZEW Survey – Current Situation came in at -62.9, above forecasts (-67.1) in March

MUFG’s Senior Currency Analyst Lee Hardman notes that the RBA delivered a second consecutive 25 bps hike to 4.10%, now the highest policy rate among G10 central banks, and that Australian Dollar gains versus the US Dollar were initially strong but faded.