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NZD/USD Price Forecast: Bears loom after testing 200-DMA downwards
The New Zealand Dollar extends its losses for the second straight day amid a firm US Dollar courtesy of the Middle East conflict, which fueled fears of higher inflation sparked by the jump in Oil prices. The NZD/USD trades at 0.5889, down 0.80%.
Fxstreet
Tue, Mar 3
EUR/USD falls as Middle East tensions lift USD despite hot EZ inflation
EUR/USD edges down during the North American session yet it has bounced off daily lows hit at 1.1530 on heightened tensions in the Middle East, despite a jump on inflation in the Eurozone. The pair trades at 1.1618, down 0.63%.
Fxstreet
Tue, Mar 3
USD/CAD slips as surging crude oil lifts the Canadian Dollar
USD/CAD slipped about 0.1% on Tuesday, settling near 1.3660 in a thin daily change after Monday's broader US Dollar bid failed to carry through. The pair has been trending lower since the January highs close to 1.3930, carving out a series of lower highs and lower lows.
Fxstreet
Tue, Mar 3
AUD/USD drops under 0.7000 as USD strengthens amid Middle East war
AUD/USD extends its pullback and trades around 0.6990 on Tuesday at the time of writing, down 1.36% on the day, after breaking below the 0.7000 level. The pair is now hovering at multi-week lows, pressured by renewed demand for the US Dollar (USD) and a market environment dominated by risk aversion.
Fxstreet
Tue, Mar 3
GBP/USD slides to 1.3300 as Middle East tensions lift US Dollar
The Pound Sterling extends its losses during the North American session as the conflict in the Middle East involving the US, Israel and Iran, intensified fueling a flight to safety sponsored by inflationary pressures on high Oil prices.
Fxstreet
Tue, Mar 3
Silver price forecast: XAG/USD plunges 10% as US Dollar strengthens
Silver (XAG/USD) extends losses on Tuesday, falling nearly 10% as a stronger US Dollar (USD) and rising US Treasury yields temper demand for safe-haven assets despite fragile market sentiment linked to the ongoing US-Iran conflict.
Fxstreet
Tue, Mar 3
EUR/GBP eases despite stronger Eurozone inflation data
The Euro (EUR) trades under mild pressure against the British Pound (GBP) on Tuesday as traders reassess the monetary policy outlook for major central banks amid inflation concerns tied to higher Oil prices driven by the US-Iran conflict.
Fxstreet
Tue, Mar 3
EUR/CHF: SNB signals readiness to curb Franc strength – MUFG
MUFG’s Senior Currency Analyst Lee Hardman notes the Swiss Franc has failed to benefit from safe-haven demand, as the Swiss National Bank signalled a greater willingness to intervene in FX markets. The SNB’s statement lifted EUR/CHF back above 0.9100 after a 0.9025 low.Australian Dollar hangs near trading range support vs. USD as focus shifts to Aussie GDP
The AUD/USD pair attracts fresh sellers following an intraday uptick to the 0.7120-0.7125 region and extends its steady intraday descent through the first half of the European session on Tuesday.Fxstreet
Tue, Mar 3
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