EUR/USD extends its gains for the second successive day, trading around 1.1560 during the Asian hours on Wednesday. The pair advances as the US Dollar (USD) softens, weighed down by fading safe-haven demand amid a moderation in Middle East tensions.

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.9025 compared to the previous day's fix of 6.9194 and 6.8858 Reuters estimate.

The AUD/USD pair is seen building on the previous day's recovery move from over a two-month low and gaining traction for the second consecutive day on Wednesday.

South Korea Trade Balance above expectations ($21.2B) in March: Actual ($25.74B)

BNY’s Head of Markets Macro Strategy Bob Savage notes that the Bank of Korea (BoK) may consider policy easing as Middle East geopolitical shocks threaten domestic growth.

GBP/USD edged 0.32% higher on Tuesday in choppy trading, closing around 1.3230 after swinging between a session low near 1.3160 and a high close to 1.3260. The gain snapped a five-day losing streak, though the bounce lacked conviction and left price well below its key moving averages overhead.

USD/JPY fell 0.62% on Tuesday, its second consecutive decline, closing around 158.70 after an early push toward 160.00 was firmly rejected.

Silver prices rebounded, surging sharply more than 7% as Oil prices took a hit, which pushed the Greenback lower due to its close positive correlation. Also, falling US Treasury yields are driving the white metal higher, up to $75.00 by March's end.

AUD/USD rallied 0.69% on Tuesday, snapping a five-day losing streak to close around 0.6900 after bouncing sharply from a session low near 0.6830.

NZD/USD surged and is now trading near the 0.5750 price region, starting the Asian session with a bullish bias on Wednesday.

The USD/CHF retreats after refreshing a year-to-date (YTD) high at 0.8041, but retreats below the 0.8000 figure amid growing speculation of a de-escalation of the Middle East conflict. At the time of writing, the pair trades at 0.7997, up 0.01%.

AUD/USD trades on the front foot on Tuesday as the US Dollar (USD) softens on growing expectations that the Middle East conflict could end soon, lifting risk-sensitive currencies such as the Australian Dollar (AUD).

EUR/USD edges higher on Tuesday as the US Dollar (USD) weakens across the board following its recent rally, allowing the Euro (EUR) to snap a five-day losing streak.

The Pound Sterling registers modest gains after Iran's IRGC threatened to attack US companies as of April 1, turning market mood sour, while the US Dollar trimmed some of its earlier losses. Nevertheless, the move was short-lived as the GBP/USD traded at 1.3190, up 0.04%.

NZD/USD trades around 0.5710 on Tuesday at the time of writing, down 0.15% on the day as the US Dollar (USD) stabilizes and market caution persists.

The USD/JPY fell to near the 159.00 level, extending its slide below the 160.00 barrier on Tuesday as the Japanese Yen (JPY) finds support from intervention threats and hawkish signals from policymakers, while the US Dollar (USD) eases slightly despite the ongoing war with Iran.

USD/C.AD edges higher on Tuesday, with the Canadian Dollar (CAD) extending its decline against the US Dollar (USD) for a seventh consecutive day, even as the Greenback eases. At the time of writing, the pair is trading around 1.3960, hovering near its highest level since December 2025.

TD Securities analysts highlight growing official frustration with Japanese Yen weakness as USD/JPY breached the 160 level in the past week.

EUR/GBP trades in a choppy range on Tuesday, as traders digest the latest economic data from both the United Kingdom and the Eurozone. At the time of writing, the cross is trading around 0.8691, rebounding after marking an intraday low of 0.8676.

TD Securities remains constructive on AUD/NZD, viewing recent weakness as a correction within an ongoing uptrend.

BNY’s Head of Markets Macro Strategy Bob Savage notes that the Indian Rupee (INR) faces continued pressure, recording the highest level of realized selling among Asia-Pacific (APAC) currencies in March.

The Pound (GBP) is posting a fragile recovery attempt against the Japanese Yen (JPY) on Tuesday, following Monday’s sharp reversal. The pair found support at 210.00 on Monday, but recovery attempts remain limited below a previous support level around 211.00.

The Pound Sterling trades higher against its major currency peers, rising 0.17% to near 1.3200 against the US Dollar (USD), during the European trading session on Tuesday.

Societe Generale’s Kenneth Broux and colleagues note that EUR/GBP has bounced from February’s 0.8610 support and is now approaching its 200‑day moving average.

USD/CHF advances on Tuesday, rising 0.12% to trade near 0.8005 at the time of writing, extending a six-day winning streak. The pair is supported by a slight advantage for the US Dollar (USD) and relative weakness in the Swiss Franc (CHF) amid improving global risk appetite.

ING’s Chris Turner notes short-dated Euro swap rates have started to edge lower after a sharp spike, but real rate differentials have moved against EUR/USD. He argues this could be Euro-negative if the ECB refrains from an April hike while inflation expectations stay high.

The EUR/USD’s tame recovery attempts seen earlier on Tuesday have been capped below 1.1490, before the release of softer-than-expected Eurozone Harmonised Index of Consumer Prices (HICP) figures.

The Australian Dollar (AUD) trades higher against its major currency peers, with the AUD/USD pair rising 0.15% to near 0.6865, during the European trading session on Tuesday.

USD/KRW rallies on Tuesday, trading around 1,529.70 at the time of writing, up 0.93% on the day after hitting an intraday peak at 1,536.04, its highest level since March 2009.

MUFG’s Senior Currency Analyst Lee Hardman highlights that the Japanese Yen (JPY) has held recent gains, with USD/JPY dipping below 160.00 as officials step up verbal intervention.