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Pound Sterling holds onto gains against US Dollar ahead of US inflation data
The Pound Sterling (GBP) stays firm near the four-month high of 1.2965 against the US Dollar (USD) in Wednesday’s European session. The GBP/USD pair clings to gains while the US Dollar gauges temporary support ahead of the United States (US) Consumer Price Index (CPI) data for February, which will..
Fxstreet
Wed, Mar 12
EUR: Still rather expensive – ING
EUR/USD received some extra support yesterday from the news that Ukraine agreed to a 30-day truce with Russia, but has retreated from the 1.095 highs to just under 1.090 as the dollar started to recover and the EU announced €26bn worth of retaliatory tariffs against the US.
Fxstreet
Wed, Mar 12
Dollar on defensive as Trump tariffs fuel economic worries
TOKYO, March 12 (Reuters) - The dollar struggled on Wednesday to lift off a five-month low against major peers, as worries about the U.S. economy simmered, in view of President Donald Trump's unpredictable trade policies.The euro hovered around a five-month peak on increased optimism for an end...
China's yuan firms to 4-month high as US worries weigh on dollar
SHANGHAI, March 12 (Reuters) - China's yuan climbed to a four-month high against the dollar on Wednesday, as the greenback was hobbled by U.S. economic worries caused by President Donald Trump's unpredictable trade policies.
Reuters
Wed, Mar 12
EC President von der Leyen: EU responds with countermeasures to US tariffs on steel
European Commission President Ursula von der Leyen said on Wednesday that the European Union (EU) has launched 'swift and proportionate countermeasures' on US imports in the EU in response to steel tariffs.Fxstreet
Wed, Mar 12
EUR/JPY climbs above 161.50 amid a slight uptick in global risk sentiment
EUR/JPY continues its upward momentum for the second consecutive day, trading around 161.60 during Wednesday’s Asian session. The pair strengthens as the Japanese Yen (JPY) weakens amid concerns that US President Donald Trump may introduce new tariffs on Japan.
Fxstreet
Wed, Mar 12
USD/INR weakens as traders await Indian/US CPI inflation releases
The Indian Rupee (INR) rebounds on Wednesday. The potential foreign exchange intervention from the Reserve Bank of India (RBI) and strong Asian currencies, especially the offshore Chinese Yuan provide some support to the Indian currency.Fxstreet
Wed, Mar 12
Australia, NZ dollars sink on soaring euro; steady vs dollar
SINGAPORE, March 12 (Reuters) - The Australian and New Zealand dollars hit post-COVID lows against a surging euro, as Ukraine said it would agree to a U.S. proposal for a ceasefire, a possible step toward peace.The common currency rose to A$1.7418 EURAUD= overnight, its highest since April 2020, and...Reuters
Wed, Mar 12
FOREX-Dollar on defensive as Trump tariffs fuel economic worries
Euro hovers near 5-month high on Ukraine peace hopesLoonie steady before BoC after swinging on tariff flip flopBitcoin holds ground at $82,821 after bounceBy Kevin Buckland TOKYO, March 12 (Reuters) - The dollar languished near a five-month low versus major peers on Wednesday, as worries about th...Reuters
Wed, Mar 12
