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Forex Today: Market focus shifts from Middle East to Fed
Here is what you need to know on Wednesday, March 18:
Fxstreet
Wed, Mar 18
NZD/USD attempts to break key hurdle of 0.5870 ahead of Fed’s policy
The NZD/USD pair strives to extend its recovery move above 0.5870 during the European trading session on Wednesday. The Kiwi trades higher as the US Dollar (USD) struggles to gain ground ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.
NZD/USD
Fxstreet
Wed, Mar 18
Silver Price Forecast: XAG/USD gains to near $80.00, but holds mildly bearish near-term bias
Silver price (XAG/USD) holds positive ground near $79.90 during the early European session on Wednesday. Escalating tensions in the Middle East push demand toward safe-haven assets like silver.
Silver
Fxstreet
Wed, Mar 18
AUD: RBA hike underscores domestic inflation risks – MUFG
MUFG’s Senior Currency Analyst Michael Wan highlights that global and Asian rates have repriced since the Iran war, with the Reserve Bank of Australia’s 25 bps hike illustrating how domestic inflation and macro conditions drive policy paths.
AUD/USD
Fxstreet
Wed, Mar 18
USD/INR opens flat as Fed’s policy comes under the spotlight
The Indian Rupee (INR) opens almost flat against the US Dollar (USD) on Wednesday. The USD/INR pair wobbles around 92.80 as investors shift to the sidelines ahead of the Federal Reserve’s (Fed) monetary policy announcement at 23:30 IST (18:00 GMT).
Fxstreet
Wed, Mar 18
AUD/USD Price Forecast: More upside likely amid hawkish RBA bets
The AUD/USD pair trades 0.15% higher at around 0.7115 during the late Asian trading session on Wednesday. The Aussie pair rises as the Australian Dollar (AUD) trades broadly firm, following the Reserve Bank of Australia’s (RBA) monetary policy announcement on Tuesday, in which it raised its Official
AUD/USD
Fxstreet
Wed, Mar 18
Canadian Dollar softens ahead of Fed, BoC rate decisions
The USD/CAD pair trades with mild gains around 1.3700 during the early European trading hours on Wednesday. Markets turn cautious ahead of critical interest rate decisions from both the Federal Reserve (Fed) and the Bank of Canada (BoC) later on Wednesday.
USD/CAD
Fxstreet
Wed, Mar 18
EUR/GBP weakens below 0.8650 as traders await ECB, BoE rate decisions
The EUR/GBP cross loses ground to near 0.8635, snapping the four-day winning streak during the early European session on Wednesday. Markets are in a "wait-and-see" mode ahead of the European Central Bank (ECB) and the Bank of England (BoE) interest rate decisions later on Thursday.
EUR/GBP
Fxstreet
Wed, Mar 18
USD/CHF holds gains near 0.7850 ahead of Fed interest rate decision
USD/CHF gains ground after two days of losses, trading around 0.7850 during the Asian hours on Wednesday. The pair holds ground as the US Dollar (USD) remains steady on market caution ahead of the Federal Reserve’s (Fed) policy decision.
USD/CHF
Fxstreet
Wed, Mar 18
EUR/USD Price Forecast: Flat lines below 200-hour SMA/1.1550 ahead of central bank events
The EUR/USD pair struggles to capitalize on this week's goodish recovery move from the 1.1415-1.1410 area, or its lowest level since August 2025, and oscillates in a narrow band during the Asian session on Wednesday.
EUR/USD
Fxstreet
Wed, Mar 18
AUD/JPY Price Forecast: Positive bias prevails, eyes resistance above 113.50
The AUD/JPY cross posts modest gains around 113.00 during the early European session on Wednesday. The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) after the Reserve Bank of Australia (RBA) delivers a rate hike and keeps a hawkish tone.
AUD/JPY
Fxstreet
Wed, Mar 18
EUR/JPY Price Forecast: Tests upper descending triangle boundary near 183.50
EUR/JPY depreciates after registering gains in the previous two sessions, trading around 183.40 during the Asian hours on Wednesday.
EUR/JPY
Fxstreet
Wed, Mar 18
Japanese Yen flattens against US Dollar around 159.00 in countdown to Fed’s policy
The Japanese Yen (JPY) trades almost flat around 159.00 against the US Dollar (USD) during the Asian trading session on Wednesday. The USD/JPY pair consolidates as investors await the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.
USD/JPY
Fxstreet
Wed, Mar 18
Pound Sterling remains flat as traders adopt caution ahead of Fed decision
GBP/USD steadies after posting gains over the previous two sessions, hovering around 1.1350 during Asian trading hours on Wednesday.
GBP/USD
Fxstreet
Wed, Mar 18
Canadian Dollar holds steady ahead of Fed, BoC policy decisions
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.
USD/CAD
Fxstreet
Wed, Mar 18
NZD/USD trades above mid-0.5800s but remains capped ahead of FOMC decision
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.
NZD/USD
Fxstreet
Wed, Mar 18
Australian Dollar gathers strength as RBA hikes rates, Fed rate decision looms
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).
AUD/USD
Fxstreet
Wed, Mar 18
PBOC sets USD/CNY reference rate at 6.8909 vs. 6.8961 previous
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.
USD/CNH
Fxstreet
Wed, Mar 18
EUR/USD steadies near 1.1550 as caution prevails ahead of Fed decision
EUR/USD ticks slightly lower after posting gains over the previous two sessions, hovering near 1.1530 during Asian trading hours on Wednesday.
EUR/USD
Fxstreet
Wed, Mar 18
USD/JPY Edges lower for second day as traders brace for Fed and BoJ
USD/JPY fell less than 0.1% on Tuesday, settling close to 158.90 in a narrow, directionless session.
USD/JPY
Fxstreet
Wed, Mar 18
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