The NZD/USD pair turns positive for the third straight day following a modest Asian session dip to the 0.5700 mark and rallies to a nearly two-week top on Wednesday in reaction to the US-Iran ceasefire news.
The AUD/JPY cross gathers strength to around 111.80 during the Asian trading hours on Wednesday. The Australian Dollar (AUD) edges higher against the Japanese Yen (JPY) amid improved risk sentiment.
AUD/NZD trades around 1.2170 during the Asian hours on Wednesday, halting its winning streak that began on March 30.
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White House Press Secretary Karoline Leavitt clarified that talks with Iran have not been finalized after the latter said it agreed to talks with the United States (US) to begin Friday in Pakistan.
EUR/JPY offers its daily gains, trading around 185.10 during the Asian hours on Wednesday. The currency cross trims intraday gains as the Japanese Yen (JPY) strengthens on falling oil prices after the US-Iran ceasefire.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – plummets to a nearly two-week trough during the Asian session on Wednesday in reaction to news that the US and Iran have agreed to a two-week ceasefire.
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Wednesday at 6.8680 compared to the previous day's fix of 6.8854 and 6.8369 Reuters estimate.
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 99.05 during the Asian trading hours on Wednesday.
The USD/CHF pair attracts heavy selling during the Asian session on Wednesday and dives to a two-week low amid a broadly weaker US Dollar (USD).
NZD/USD extends its winning streak for the third successive day, trading around 0.5790 during the Asian hours on Wednesday. The pair appreciates amid risk-on sentiment after US President Donald Trump agrees to suspend Iran bombing for two weeks.
The USD/CAD pair declines to around 1.3835 during the early Asian trading hours on Wednesday. The US Dollar (USD) weakens against the Canadian Dollar (CAD) after Iran agrees to a two-week ceasefire with the United States (US).
