The EUR/USD pair trades in positive territory near 1.0790 during the early European trading hours on Wednesday.
The USD/CAD pair reverses an Asian session dip to sub-1.4300 levels or a fresh weekly low touched during the Asian session on Wednesday, and for now, seems to have stalled the overnight pullback from the 1.4415 area, or a nearly three-week high.
The GBP/USD pair struggles to capitalize on the overnight bounce from the vicinity of the 1.2870 support zone, or a multi-week low touched last Thursday, and oscillates in a narrow band during the Asian session on Wednesday.
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.
The Japanese Yen (JPY) struggles to capitalize on the previous day's modest gains against its American counterpart and attracts fresh sellers during the Asian session on Wednesday.
The AUD/USD pair trades on a flat note near 0.6275 during the early Asian session on Wednesday.
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.
EUR/USD stuck to familiar levels on Tuesday, churning chart paper close to the 1.0800 handle as investors brace for US President Donald Trump’s long-threatened “reciprocal” tariffs package, due to be announced on Wednesday at 1900 GMT (4 pm EST).
The USD/CAD pair extends the decline to around 1.4295 during the late American session on Tuesday.
GBP/USD flatlined on Tuesday, churning just above the 1.2900 handle as investors buckle down for the wait to US President Donald Trump’s long-awaited tariff announcements slated for Wednesday evening.
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 AUD/USD pair hovered around the 0.6270 region during Tuesday’s American session, posting a moderate rebound following the Reserve Bank of Australia's (RBA) policy decision.
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.
EUR/USD attracts some bids and ticks higher to near 1.0820 during the European trading session on Tuesday after the release of the preliminary Eurozone Harmonized Index of Consumer Prices (HICP) for March and the Eurozone Unemployment Rate for February.
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.