The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.60 during the Asian trading hours on Wednesday.
Japan Merchandise Trade Balance Total above expectations (¥-483.2B) in February: Actual (¥57.3B)
USD/CAD remains flat after posting little gains in the previous session, hovering around 1.3690 during the Asian hours on Wednesday. The pair holds steady as traders remain cautious ahead of policy decisions from both the Federal Reserve (Fed) and the Bank of Canada (BoC) later in the day.
Japan Exports (YoY) came in at 4.2%, above expectations (1.6%) in February
The NZD/USD pair edges higher during the Asian session on Wednesday and currently trades just above mid-0.5800s, though it lacks bullish conviction.
Japan Imports (YoY) came in at 10.2%, below expectations (11.5%) in February
The AUD/USD pair gains traction to near 0.7115 during the Asian trading hours on Wednesday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) after a hawkish interest rate hike from the Reserve Bank of Australia (RBA).
The Israeli military said Iran's top security official, Ali Larijani, and the head of the paramilitary Basij force, Gholamreza Soleimani, have been killed in Israeli air strikes, BBC reported on Tuesday.
The AUD/USD pair trades 0.15% higher at around 0.7115 during the late Asian trading session on Wednesday.
The EUR/GBP cross loses ground to near 0.8635, snapping the four-day winning streak during the early European session on Wednesday. Markets are in a "wait-and-see" mode ahead of the European Central Bank (ECB) and the Bank of England (BoE) interest rate decisions later on Thursday.
USD/CHF gains ground after two days of losses, trading around 0.7850 during the Asian hours on Wednesday. The pair holds ground as the US Dollar (USD) remains steady on market caution ahead of the Federal Reserve’s (Fed) policy decision.
The EUR/USD pair struggles to capitalize on this week's goodish recovery move from the 1.1415-1.1410 area, or its lowest level since August 2025, and oscillates in a narrow band during the Asian session on Wednesday.
