Silver price (XAG/USD) halts its three-day winning streak, trading around $74.20 per troy ounce during the Asian hours on Wednesday. The safe-haven demand for Silver weakens as optimism grows over easing tensions in the Middle East.
The Pound Sterling (GBP) trades slightly higher against its major currency peers, rising 0.12% to near 1.3242, during the Asian trading session on Wednesday.
USD/CAD remains subdued for the second successive trading day, hovering around 1.3910 during the Asian hours on Wednesday.
United States (US) Secretary of State Marco Rubio told Fox News on Wednesday that they would need to “reexamine” the North Atlantic Treaty Organization (NATO) alliance following the conclusion of the war in Iran.
In a telephonic interview with NBC News late Tuesday, US President Donald Trump said that he believes the war on Iran is “coming to an end”.
West Texas Intermediate (WTI) oil price edges higher after registering over 4% losses in the previous day, trading around $98.60 per barrel during the Asian hours on Wednesday.
The USD/JPY pair recovers slightly from over a one-week low, around the 158.45 region touched during the Asian session on Wednesday, though it lacks follow-through buying.
China's RatingDog Manufacturing Purchasing Managers' Index (PMI) dropped to 50.8 in March from 52.1 in February, the latest data published by RatingDog showed on Wednesday.
China RatingDog Manufacturing PMI below expectations (51.6) in March: Actual (50.8)
EUR/USD extends its gains for the second successive day, trading around 1.1560 during the Asian hours on Wednesday. The pair advances as the US Dollar (USD) softens, weighed down by fading safe-haven demand amid a moderation in Middle East tensions.
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.9025 compared to the previous day's fix of 6.9194 and 6.8858 Reuters estimate.
The AUD/USD pair is seen building on the previous day's recovery move from over a two-month low and gaining traction for the second consecutive day on Wednesday.
