United Kingdom Retail Price Index (YoY) came in at 3.6%, below expectations (3.7%) in February
United Kingdom Retail Price Index (YoY) came in at 3.6%, below expectations (3.7%) in February
Sweden Producer Price Index (MoM): 0.2% (February) vs previous 2.4%
Sweden Producer Price Index (YoY) rose from previous -2% to -1.7% in February
Deutsche Bank analysts highlight that Brent Oil remains above $100 but daily trading ranges have narrowed, signalling some easing in volatility.
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.
Austria HICP (YoY) increased to 2.3% in February from previous 2%
TD Securities stategists expect the Bank of Canada to keep its overnight rate at 2.25% with a cautious tone, as growth and inflation run below projections. They highlights elevated uncertainty and new inflation risks from the Iran conflict and higher Oil prices.
Austria HICP (MoM) meets forecasts (0.8%) in February
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losing streak for the third successive session and trading around 99.50 during the early European hours on Wednesday.
Here is what you need to know on Wednesday, March 18:
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.
Gold (XAU/USD) reverses a modest intraday dip and trades just above the $5,000 psychological mark during the first half of the European session on Wednesday.