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EUR/GBP gains ground above 0.8700 on hotter Eurozone inflation data
The EUR/GBP cross holds positive ground near 0.8710 during the early European session on Wednesday. The Euro (EUR) edges higher against the Pound Sterling (GBP) following hotter-than-expected Eurozone inflation data.
Fxstreet
Wed, Mar 4
Pound Sterling weakens to near 1.3300 as geopolitical risks bolster US Dollar
The GBP/USD pair attracts some sellers to around 1.3310 during the early European session on Wednesday. Escalating conflict in the Middle East triggers a "flight to safety," supporting the US Dollar (USD) against the Pound Sterling (GBP).
Fxstreet
Wed, Mar 4
FOREX-Dollar firms, euro stumbles as energy prices surge
Dollar index holds gains, rising for third consecutive day Spike in energy prices prompts speculation ECB may take action, threatening carry tradesAussie dollar weakens despite GDP beatBy Gregor Stuart Hunter SINGAPORE, March 4 (Reuters) - The dollar held firm near a three-month high in Asia on W...Reuters
Wed, Mar 4
USD/CHF weakens to near 0.7800 as Middle East tensions lift Swiss Franc
The USD/CHF pair loses traction to around 0.7805 during the early European session on Wednesday. The Swiss Franc (CHF) gathers strength against the Greenback on safe-haven flows stemming from Middle East tensions.
Fxstreet
Wed, Mar 4
Japan watching markets closely, prepared to take steps, finance minister says
TOKYO, March 4 (Reuters) - Japanese Finance Minister Satsuki Katayama said on Wednesday that the government is closely watching financial markets and is prepared to take decisive steps on foreign exchange, including currency intervention."It is desirable for currencies to move in a stable manner...Reuters
Wed, Mar 4
AUD/JPY drops to 110.00 as notable JPY strength offsets upbeat Australian Q4 GDP print
The AUD/JPY cross meets with a fresh supply following the previous day's modest rebound from the vicinity of mid-109.00s, or the weekly low, and fails to gain any meaningful traction in reaction to the upbeat Australian GDP print.
Fxstreet
Wed, Mar 4
Australia economy picks up speed in Q4 but headwinds intensifying
SYDNEY, March 4 (Reuters) - Australia's economy grew at the fastest annual pace in almost three years in the December quarter, data showed on Wednesday, a pickup that reignited inflation and required a hike in interest rates to tamp demand down.Reuters
Wed, Mar 4
Japanese Yen strengthens to near 157.50 on Middle East geopolitical risks
The USD/JPY pair loses ground to near 157.55 during the Asian trading hours on Wednesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) as escalating US-Israel-Iran tensions boost a safe-haven demand.Fxstreet
Wed, Mar 4
Australia, New Zealand dollars shaken by market tremors, solid data no help
By Wayne Cole SYDNEY, March 4 (Reuters) - The Australian and New Zealand dollars were struggling to find their footing on Wednesday as the fallout from war in the Middle East roiled markets globally, while solid domestic data offered just a sliver of support.The Aussie was off 0.3% at $0.7010 AUD...Reuters
Wed, Mar 4
Silver Price Forecast: XAG/USD rises to near $85.00 as Middle East war intensifies
Silver price (XAG/USD) recovers over 3% during the Asian hours on Wednesday, hovering around $85.20 per troy ounce after plunging more than 12% over the previous two sessions. The precious metal draws safe-haven demand as geopolitical conflict in the Middle East intensifies.
Fxstreet
Wed, Mar 4
FOREX-Dollar firms, euro under pressure as energy prices surge
Dollar index holds gains, rising for third consecutive day Spike in energy prices prompts speculation ECB may take action, threatening carry tradesAussie dollar weakens despite GDP beatBy Gregor Stuart Hunter SINGAPORE, March 4 (Reuters) - The dollar rallied to a three-month high in early trading...Reuters
Wed, Mar 4
New Zealand Dollar declines below 0.5900 amid mixed Chinese PMI data, Middle East tensions in focus
The NZD/USD pair attracts some sellers to near 0.5875 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) remains weak against the US Dollar (USD) after the mixed Chinese economic data.
Fxstreet
Wed, Mar 4
