Iran's Foreign Ministry spokesperson Esmaeil Baghaei said during the European trading session on Wednesday that Tehran needs to re-assess terms of negotiations with Washington following overnight clashes, SNN reported.
Commerzbank’s Tatha Ghose highlights that Hungarian inflation has fallen below the lower bound of the MNB’s tolerance range, with underlying measures remaining within target.
Deutsche Bank’s Jim Reid describes a volatile session for US equities, with a sharp intraday tech sell-off largely reversing by the close. The S&P 500 and NASDAQ finished modestly lower, while semiconductors underperformed.
EUR/JPY extends its gains for the third successive day, trading around 185.30 during the early European hours on Wednesday.
Commerzbank’s Charlie Lay reports that Bank Indonesia delivered a surprise off-cycle 25 bp hike to 5.50%, reinforcing its focus on Rupiah stability through higher rates and FX intervention.
Danske Research Team notes that major equity indices fell, led by weakness in the tech sector, which has dropped about 7% since Friday despite a modest rebound on Monday.
The USD/CNH pair trades slightly lower to near 6.7750 during the early European trading session on Wednesday. The pair faces selling pressure due to continued outperformance by the Chinese Yuan (CNY), being a trade surplus economy.
A Reuters poll showed on Wednesday that roughly two-thirds of economists expect the Bank of Japan (BoJ) to hike the policy rate to 1.50% by the second quarter (Q2) next year. That brings forward the expectations of such a target, which was projected for Q3 next year in May.
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
AUD/USD extends its losses for the second successive day, trading around 0.7020 during the Asian hours on Wednesday. Traders will likely await the release of Consumer Price Index (CPI) and Producer Price Index (PPI) data for May from China, Australia’s close trading partner, due later in the day.
The United States (US) officials said that the second round of strikes in Iran is taking place now, targeting air defense and radar systems, Axios reported early Wednesday.
United States (US) President Donald Trump claimed that last night, Iranians shot down a US military Apache helicopter while patrolling the Strait of Hormuz.