New Zealand Electronic Card Retail Sales (MoM) fell from previous 2% to -1.6% in January
New Zealand Electronic Card Retail Sales (YoY) rose from previous -1% to -0.5% in January
The USD/JPY rallied sharply on Wednesday after a hot US inflation report spurred a jump in the US 10-year Treasury yield, closely correlated with the major.
Gold price recovered some ground late during Wednesday’s North American session.
The Canadian Dollar (CAD) briefly tested a new eight-week peak on Wednesday, pushing USD/CAD to its lowest levels since mid-December.
The US Dollar succumbed to the late selling pressure and faded the post-CPI move to weekly highs, while investors kept digesting Powell’s testimonies and sticky consumer prices in January.
United States Monthly Budget Statement came in at $-129B below forecasts ($-88.1B) in January
The Bank of Canada released its latest Meeting Minutes on Wednesday.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, initially climbed after January’s hotter-than-expected Consumer Price Index (CPI) data but then reversed course.
United States 10-Year Note Auction fell from previous 4.68% to 4.632%
The Mexican Peso (MXN) extended its gains against the US Dollar (USD) for the second consecutive day, unfazed by the jump in inflation in the United States (US), preventing the Federal Reserve (Fed) from easing policy.
EUR/USD clawed back chart paper on Wednesday, rebounding from early losses to reclaim the 1.0400 handle as markets shake off a fresh batch of US inflation figures that broadly accelerated in January.
Federal Reserve (Fed) Bank of Atlanta President added his own soundbites to the noise machine of Fed headlines on Wednesday, noting that despite still-strong labor figures, US inflation continues to remain a sticking point, especially after US Consumer Price Index (CPI) inflation figures ticked higher in January.
The Dow Jones Industrial Average (DJIA) tumbled on Wednesday,dropping over 400 points at its lowest and dipping into 44090.
Bank of England (BoE) policymaker Megan Greene noted on Wednesday that a cautious approach is probably the best approach when it comes to easing monetary policy.
The EUR/USD pair edged higher to 1.0375 on Wednesday, as buyers extended their recent recovery efforts.
United States EIA Crude Oil Stocks Change came in at 4.07M, above expectations (2.8M) in February 7
The Pound Sterling slipped during the North American session after the latest United States (US) inflation report showed that prices continued to rise, pushing back expectations of a Federal Reserve rate cut in the first half of 2025.
The USD/CAD pair climbs to near 1.4340 in North American trading hours on Wednesday.
The US Dollar caught a fresh wave of buying on Wednesday, vaulting the US Dollar Index (DXY) to weekly highs above 108.00.
USD/JPY gathered bullish momentum in the early American session on Wednesday and reached a fresh weekly high near 154.50.
The EUR/JPY pair extends its winning spell for the third trading day on Wednesday.
United States Consumer Price Index Core s.a: 324.74 (January) vs 323.38
Germany Current Account n.s.a. fell from previous €24.1B to €24B in December
United States Consumer Price Index (YoY) above forecasts (2.9%) in January: Actual (3%)
United States Consumer Price Index n.s.a (MoM) registered at 317.671 above expectations (317.46) in January
United States Consumer Price Index (MoM) registered at 0.5% above expectations (0.3%) in January
United States Consumer Price Index ex Food & Energy (YoY) registered at 3.3% above expectations (3.1%) in January
United States Consumer Price Index ex Food & Energy (MoM) came in at 0.4%, above expectations (0.3%) in January
United States Consumer Price Index n.s.a (MoM) above expectations (317.46) in January: Actual (317.67)
US President Donald Trump said on Wednesday that interest rates should be lowered, adding that they would "go hand in hand" with upcoming tariffs.
While the UK’s growth outlook has suffered a significant setback relative to the more optimistic tone that was prevalent in the market after last July’s general election, the EUR also faces headwinds of its own, Rabobank's FX analyst Jane Foley notes.
USD/CAD is trading at the lower end of its year-to-date 1.4260-1.4800 range, BBH FX analysts report.
United States MBA Mortgage Applications up to 2.3% in February 7 from previous 2.2%
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades flat around 108.00 after Federal Reserve (Fed) Chairman Jerome Powell kept his cards close to his chest when facing lawmakers on Tuesday at Capitol Hill.
The USD/JPY pair jumps to near 154.00 in Wednesday’s European session on extending its winning streak for the third trading day.
Gold’s price (XAU/USD) edges lower and trades below $2,900 at the time of writing on Wednesday after Federal Reserve (Fed) Chairman Jerome Powell went to Capitol Hill for his semi-annual testimony before lawmakers the previous day.
Germany 30-y Bond Auction down to 2.65% from previous 2.84%
India Industrial Output below expectations (3.9%) in December: Actual (3.2%)
India Cumulative Industrial Output declined to 4% in December from previous 4.1%
India Manufacturing Output fell from previous 5.8% to 3% in December
The AUD/USD pair faces sharp selling pressure after failing to break above the key resistance level of 0.6300 in Wednesday’s European session.
EUR/USD moves higher to near 1.0380 in Wednesday’s European session ahead of the United States (US) Consumer Price Index (CPI) data for January, which will be published at 13:30 GMT.
Brent decline stalled near $74 last week and it has staged an initial bounce after this test, Société Générale's FX analysts note.
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
Recent breakout in Gold prices towards 2942 intra-day high was due to recent play-up on trade friction and central banks keeping up with their Gold purchases (China for 3 rd consecutive month).
USD/JPY continued to trade higher, in line with our near-term caution about the reciprocal tariff uncertainty.
US Dollar (USD) is expected to trade in a range between 7.3000 and 7.3200.
US Dollar (USD) traded subdued overnight in absence of fresh catalyst.
West Texas Intermediate (WTI) Oil price snaps a three-day winning streak, trading around $72.40 per barrel during European hours on Wednesday.
US Dollar (USD) could rise further to 153.65; the major resistance at 154.30 is unlikely to come under threat.
Iron ore has jumped to the highest level since October 2024 with prices approaching $108/t this morning as a tropical cyclone in Australia raised concerns about supply disruptions.
New Zealand Dollar (NZD) is likely to trade in a 0.5640/0.5675 range.
Italy Industrial Output s.a. (MoM) below forecasts (-0.2%) in December: Actual (-3.1%)
Italy Industrial Output w.d.a (YoY) down to -7.1% in December from previous -1.5%
Silver (XAG/USD) struggles to capitalize on the previous day's goodish rebound from the $31.25 area, or over a one-week low, and oscillates in a narrow band through the first half of the European session on Wednesday.
The oil market is trading with marginal declines this morning as the API numbers released overnight were largely bearish for the oil market.
Chance for Australian Dollar (AUD) to rise above 0.6310; it remains to be seen if it can maintain a foothold above this level.
AUD/JPY extends its winning streak for a third consecutive session, trading around 96.50 during European hours on Wednesday.
The Dollar Index (DXY) was a little softer yesterday – largely on the back of some strength in the euro.
Pound Sterling (GBP) is likely to continue to rise; 1.2500 is expected to provide strong resistance.
EUR/CHF seems to be recovering, ING's FX analyst Chris Turner notes.
Euro (EUR) is likely to trade with an upward bias; a clear break above 1.0405 appears unlikely.
We're having a lot of internal discussions about the outperformance of eurozone equities this year.
The NZD/USD pair edges lower after registering losses in the previous session, trading around 0.5650 during the European hours on Wednesday.
West Texas Intermediate (WTI) Oil price falls on Wednesday, according to FXStreet data.
The Pound Sterling (GBP) clings to gains near 1.2450 against the US Dollar (USD) in Wednesday’s European session.
In an interview with France Culture radio on Wednesdaty, European Central Bank (ECB) policymaker and Bank of France head Francois Villeroy de Galhau said that US President Donald Trump’s trade policies will most likely have a negative impact on the economy.
EUR/GBP remains steady after losses in the previous session, hovering around 0.8330 during early European trading hours on Wednesday.
Here is what you need to know on Wednesday, February 12: Major currency pairs continue to fluctuate in relatively tight weekly ranges as investors gear up for the next key macroeconomic events.
The USD/CAD pair gathers strength to around 1.4295 on Wednesday during the early European session, bolstered by a firmer US Dollar (USD).
The USD/CHF pair trades on a flat note around 0.9130 during the early European trading hours on Wednesday.
FX option expiries for Feb 12 NY cut at 10:00 Eastern Time via DTCC can be found below.
The US Dollar Index (DXY) recovers its losses from the previous two sessions, trading around 108.10 during Asian hours on Wednesday.
The GBP/JPY cross trades in positive territory near 191.20 during the early European session on Wednesday.
The United States (US) Bureau of Labor Statistics will release January’s Consumer Price Index (CPI) report on Wednesday at 13:30 GMT.
The EUR/JPY cross builds on this week's solid recovery move from the vicinity of mid-155.00s, or the lowest level since August 2024, and gains strong follow-through positive traction for the third straight day on Wednesday.
EUR/USD remains steady around 1.0360 during Asian trading hours on Wednesday after gaining in the previous session.
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
Gold price (XAU/USD) trades with a mild negative bias for the second straight day, though it lacks follow-through selling and holds steady just below the $2,900 mark during the Asian session on Wednesday.
GBP/USD remains steady after registering gains in the previous session, trading around 1.2450 during the Asian hours on Wednesday.
When asked if reciprocal tariffs are still coming on Wednesday, US President Donald Trump said 'we'll see'.
The United States (US) Bureau of Labor Statistics will release January’s Consumer Price Index (CPI) report on Wednesday at 13:30 GMT.
The Indian Rupee (INR) extends its upside on Wednesday, bolstered by the strong intervention from the Reserve Bank of India (RBI).
Silver price (XAG/USD) retraces its recent losses, hovering around $31.90 per troy ounce during Wednesday's Asian session.
The Japanese Yen (JPY) drifts lower for the third straight day on Wednesday and slides to a one-week low against its American counterpart during the Asian session.
Bank of Japan Governor Kazuo Ueda said early Wednesday that the Japanese central bank will continue to conduct its monetary policy with the aim of achieving its 2% inflation goal sustainably and stably.
The Australian Dollar (AUD) maintains its position against the US Dollar (USD) on Wednesday.
The NZD/USD pair trades with mild gains around 0.5655 during the early Asian session on Wednesday.
Israel's Prime Minister Benjamin Netanyahu said late Tuesday that the ceasefire will be over and Israel will resume “intense fighting” in Gaza if Hamas doesn’t release “our hostages” by Saturday noon, per BBC.
On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1710 as compared to the previous day's fix of 7.1716 and 7.2971 Reuters estimates.
A White House official said late Tuesday that US President Donald Trump's planned 25% tariffs on all steel and aluminum imports would be added onto other levies on Canadian goods, resulting in a total 50% tariff.
Australia Investment Lending for Homes dipped from previous -1% to -4.5% in 4Q
Australia Home Loans climbed from previous 0.1% to 2.2% in 4Q
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.95 during the early Asian session on Wednesday.
Japan Money Supply M2+CD (YoY) unchanged at 1.3% in January
US President Donald's trade adviser Peter Navarro said late Tuesday that Australia was "killing the aluminium market", the day after Trump signed executive orders for import tariffs on some metals.
The USD/CAD pair trades with mild negative bias around 1.4280 during the late American session on Tuesday.
EUR/USD snapped a three-day losing streak, recovering ground and rebounding to just north of 1.0350 as broad-market flows reversed out of the safe haven Greenback and investor sentiment broadly rebounded.
GBP/USD recovered ground on Tuesday, snapping a three-day losing streak and recovering back into touch range of the 1.2450 level, rising around two-thirds of one percent on the day.
The AUD/JPY bounced off after hitting five-month lows of 94.30 on February 10, yet buyers stepped in and pushed the cross-pair above the 95.00 mark.