USD/JPY trades around 158.50 on Wednesday at the time of writing, down 0.14% on the day after touching a little over a one-week low near 158.27 earlier in the day.
ING’s Francesco Pesole writes that EUR/GBP volatility has reflected shifting rate differentials, but Bank of England (BoE) pricing may fall faster than for the European Central Bank (ECB) .
MUFG’s Head of Research Derek Halpenny argues that while risk sentiment has improved on hopes the US will soon end its conflict with Iran, the recovery looks fragile and the US Dollar is likely to weaken again.
European Central Bank Governing Council member Gabriel Makhlouf said during the European trading session on Wednesday that the central bank will make any monetary policy adjustment when officials have sufficient data regarding the consequences of the Middle East war.
The US Dollar (USD) is trading lower across the board on Wednesday, extending its reversal against the Swiss Franc (CHF) to session lows at 0.7925 so far, from highs above 0.8040 highs on Tuesday.Investors’ appetite for risk is crushing the Greenback on Wednesday, following comments by US President
International Energy Agency chief Fatih Birol said during European trading hours on Wednesday that the ongoing oil supply crisis is worse than the two in the 1970s and Russia-related in 2022 put together.
United States MBA Mortgage Applications climbed from previous -10.5% to -10.4% in March 27
United Kingdom (UK) Prime Minister Keir Starmer said during European trading hours on Wednesday that the ongoing war in the Middle East will affect the future of our economy. Starmer expresses willingness to take the leadership role in the reopening of the Strait of Hormuz.
The Australian Dollar (AUD) is outperforming most of its peers on Wednesday, and extends gains against the US Dollar (USD), reaching the mid-range of 0.6900s, from 0.6833 lows on Tuesday, fuelled by higher risk-appetite amid hopes of a swift end to the Iran war.
In its Financial Policy Committee (FPC) statement released on Wednesday and reported by Reuters, the Bank of England (BoE) said the United Kingdom’s (UK) financial system remains resilient but warned that global risks are increasing as geopolitical tensions and stretched asset valuations raise the l
HSBC’s Willem Sels and Lucia Ku reiterate a constructive six‑month view on Gold, keeping an Overweight stance. They argue recent headwinds should be short-lived, with fundamentals still supportive.
UOB analysts Quek Ser Leang and Lee Sue Ann highlight a sharp EUR/USD rebound from 1.1446 to 1.1563, with scope for further gains toward 1.1595 while 1.1620 is seen as strong resistance.
