United States MBA Mortgage Applications rose from previous -0.8% to 1.8% in April 10
United States MBA Mortgage Applications rose from previous -0.8% to 1.8% in April 10
IRGC warns retaliation against US blockade
The Islamic Revolutionary Guard Corps (IRGC) said during European trading hours on Wednesday that it will not allow imports and exports in the Gulf, and the Sea of Oman if the US blockade in the Strait of Hormuz against Iran's vessels continues.
NZD/USD holds near one-month high as soft US inflation, Iran diplomacy weigh on Dollar
NZD/USD trades around 0.5900 on Wednesday at the time of writing, virtually unchanged on the day but still close to a one-month high reached on Tuesday at 0.5921.
USD/CAD bounces up and nears 1.3800 amid mixed messages on Iran
The US Dollar (USD) is trimming some losses against the Canadian Dollar (CAD) on Wednesday. The pair trades at 1.3775 at the time of writing, after bouncing up from Tuesday’s lows near 1.3730, although it remains more than 1% below last week’s highs.
USD/INR falls on potential second round of US-Iran talks
The Indian Rupee (INR) gains against the US Dollar (USD) on Wednesday after a holiday the previous day due to Dr. Baba Saheb Ambedkar Jayanti.
USD: Focus shifts to Beige Book – TD Securities
TD Securities strategists note a sharp rally in US rates alongside a risk-on move in equities, with the S&P 500 nearing record highs after softer PPI data. They estimate March core PCE at 0.26% month-on-month.
Germany 30-y Bond Auction: 3.57% vs 3.42%
Germany 30-y Bond Auction: 3.57% vs 3.42%
Trump steps up pressure on Iran with new military deployment – The Washington Post
The United States (US) administration plans to deploy thousands of additional troops to the Middle East in the coming days, according to a report published on Wednesday by The Washington Post, citing US officials familiar with the matter.
EUR: ECB seen between baseline and adverse paths – Danske Bank
Danske Bank’s Danske Research Team says ECB President Lagarde reiterated a data-dependent stance, offering no firm forward guidance. The bank argues this reduces the likelihood of an April move unless key data show clear upside price pressures.
EUR/USD hits lows at 1.1775 despite upbeat Industrial Production data
The Euro (EUR) edges down against the US Dollar (USD) on Wednesday for the first time in the last eight days. The pair trades at 1.1785, at the time of writing, after having reached fresh six-week highs above 1.1810 on Tuesday.
Greece Consumer Price Index – Harmonized (YoY) climbed from previous 3.1% to 3.4% in March
Greece Consumer Price Index - Harmonized (YoY) climbed from previous 3.1% to 3.4% in March
NOK: Policy shift supports restrictive stance – Commerzbank
Antje Praefcke at Commerzbank highlights that Norges Bank has turned more hawkish after the Middle East war pushed up energy prices and inflation risks. The policy rate remains at 4%, but guidance and the rate path now signal a hike in June and possibly further moves later in 2026.