United States MBA Mortgage Applications up to -0.8% in April 3 from previous -10.4%
United States MBA Mortgage Applications up to -0.8% in April 3 from previous -10.4%
USD/INR falls sharply as oil prices face bloodbath on US-Iran ceasefire
The Indian Rupee (INR) jumps to a fresh over three-week high against the US Dollar (USD) on Wednesday. The USD/INR pair slides to near 92.30 as the US Dollar weakens and global oil prices nosedive, following a temporary ceasefire between the United States (US) and Iran.
USD/CHF Price Forecast: Bearish momentum gains traction below 0.7900
The US Dollar (USD) accelerated its reversal against the Swiss Franc (CHF) on Wednesday, as investors pared back US Dollar long positions following the announcement of a ceasefire in Iran.
EUR: Peace breather and ECB expectations support – Commerzbank
Commerzbank notes that the Dollar is selling off as risk sentiment improves, with the Euro rising close to 1.17 against the Dollar following the ceasefire news.
Gold: Ceasefire lifts prices as traders watch Hormuz – DBS
DBS Group Research’s Eugene Leow notes that Gold surged over 2% to above USD4800 after a two-week ceasefire between the US and Iran reduced immediate escalation risks.
Germany 10-y Bond Auction increased to 2.92% from previous 2.89%
Germany 10-y Bond Auction increased to 2.92% from previous 2.89%
EUR/GBP is testing support at 0.8700 despite risk-on markets
The Euro (EUR) accelerated its decline against the British Pound (GBP) on Wednesday, with bears testing support at 0.8700 at the time of writing. The Pound fares better than the common currency amid the positive market sentiment triggered by the ceasefire in Iran.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $76.91 per troy ounce, up 5.38% from the $72.98 it cost on Tuesday.
EUR/USD Price Forecast: Posts fresh monthly high around 1.1700
The EUR/USD pair trades 0.75% higher to near 1.1700 during the European trading session on Wednesday. The major currency pair strengthens as the US Dollar (USD) underperforms amid an upbeat market mood.
NZD/USD: Hawkish RBNZ supports upside – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that NZD/USD has surged over 2% on improved risk sentiment and a hawkish hold from the RBNZ.
EUR/JPY Price Forecast: Trades near 185.00 after pulling back from upper channel boundary
EUR/JPY edges lower after two days of gains, trading around 185.00 during the European hours on Wednesday. The technical analysis of the daily chart suggests the currency cross is moving upwards within the ascending channel pattern, indicating bullish bias.
India: RBI seen on prolonged hold – UOB
UOB’s Jester Koh notes that the Reserve Bank of India (RBI) kept the policy repo rate at 5.25% in April 2026 and retained a neutral stance.