Pakistan delivered US proposal to Tehran – Reuters
Citing a source, who asked not to be named, Reuters reported on Wednesday that Pakistan has delivered the United States' proposal to Iran.
BoE: War-driven inflation outlook reshapes rate path – Nomura
Nomura’s Global Markets Research team notes UK CPI inflation held at 3.0% year-on-year in February, matching Bank of England (BoE) forecasts. Services inflation stayed sticky, but core measures eased slightly.
Euro Area: PMIs soften as inflation pressures rise – Deutsche Bank
Deutsche Bank analysts report that Euro Area activity is slowing, with the composite PMI dropping to a 10‑month low while still just above the 50 expansion threshold. They emphasize that survey details point to rising input prices, suggesting renewed inflation pressures.
ECB’s Lane: Inflation readings could be higher in March and April
European Central Bank (ECB) Chief Economist Philip Lane warned of higher inflationary pressures in the Eurozone in the next two months during European trading hours at the ECB and its Watchers conference at Goethe University in Frankfurt on Wednesday.
USD/INR’s retraces as Middle East ceasefire hopes underpin risk-on mood
The Indian Rupee (INR) holds slight early gains against the US Dollar (USD) on Wednesday, with the USD/INR pair retracing to near 94.30 from the lifetime high of 94.75 posted the previous day.
ECB: Wait-and-see for second-round effects from energy shock – TD Securities
TD Securities notes that President Lagarde used the ECB and Its Watchers conference to outline how the Governing Council is assessing the Middle East conflict shock. The bank says the ECB is effectively playing for time, watching selling price expectations and wage trackers.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $73.26 per troy ounce, up 2.76% from the $71.30 it cost on Tuesday.
USD/JPY: Range breakout risk grows – Societe Generale
Societe Generale analysts highlight USD/JPY pressing the upper end of its multi-year range, with resistance at 159.90 and key support at the 50-day moving average near 156.50.
USD/CHF Price Forecast: Consolidates around 0.7900; near-term outlook remains bullish
The USD/CHF pair trades in a tight range around 0.7900 during the European trading session on Wednesday. The Swiss Franc pair trades calmly as the US Dollar (USD) turns sideways, with investors awaiting the response from Iran over United States (US) President Donald Trump’s 15-point settlement plan.
BoE: Hawks keep hike risk alive – ING
ING’s Chris Turner notes that February UK CPI was broadly in line, but stronger services inflation and higher energy prices keep Bank of England (BoE) hawks vigilant.
SEK: Low price pressures support Riksbank patience – Nordea
Nordea’s Chief Analyst Torbjörn Isaksson reports that Swedish producer and import prices for consumption goods remained weak in February, with domestic supply prices excluding energy falling 0.2% on the month and staying negative year-on-year.
RBA: Energy shock keeps inflation risks elevated – UOB
UOB Economist Lee Sue Ann expects the Reserve Bank of Australia (RBA) to keep the cash rate at 4.10% through 4Q26, after a split decision hike in March driven by Iran-related energy shocks and a strong labour market.