India Trade Deficit Government dipped from previous $27.1B to $20.9B in March
India Trade Deficit Government dipped from previous $27.1B to $20.9B in March
JPY: Limited upside as BoJ stays cautious – Standard Chartered
Standard Chartered’s Chong Hoon Park and Nicholas Chia argue that the Japanese Yen is unlikely to see significant appreciation near term, with USD/JPY projected at 160 by end-Q2.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $78.71 per troy ounce, down 0.68% from the $79.25 it cost on Tuesday.
Eurozone Industrial Production rises faster by 0.4% MoM in November vs. 0.3% estimates
The Eurozone industrial sector activity rises 0.4% in February, faster than estimates of 0.3%, according to data published by Eurostat on Wednesday. In January, the Industrial Production data declined by 0.8%, revised higher from -1.5%.
Eurozone Industrial Production s.a. (MoM) came in at 0.4%, above forecasts (0.3%) in February
Eurozone Industrial Production s.a. (MoM) came in at 0.4%, above forecasts (0.3%) in February
Greece Consumer Price Index (YoY) up to 3.9% in March from previous 2.7%
Greece Consumer Price Index (YoY) up to 3.9% in March from previous 2.7%
Eurozone Industrial Production w.d.a. (YoY) came in at -0.6%, above expectations (-1%) in February
Eurozone Industrial Production w.d.a. (YoY) came in at -0.6%, above expectations (-1%) in February
AUD/JPY rises to near 113.50 due to renewed hope for US-Iran talks
AUD/JPY remains stronger for the third successive day, trading around 113.40 during the European hours on Wednesday.
GBP/USD Price Forecast: Hold onto two-month high near 1.3590 amid risk-on mood
The GBP/USD pair trades flat around 1.3565 during the European trading session on Wednesday, but is close to its almost two-month high of 1.3590 posted the previous day.
US Dollar Index (DXY) remains depressed near 98.00 amid the risk-on mood
The US Dollar (USD) remains the worst-performing G8 currency this week. The Dollar Index, which measures the value of the USD against a basket of six peers, trades right above 98.00 at the time of writing, its weakest level since the war in the Middle East started on February 28.
AUD/USD: Jobs risk and RBA path underpin upside – ING
ING’s Francesco Pesole sees downside risks to Australia’s March employment data and a possible uptick in unemployment, but does not expect this to derail a May rate hike by the RBA.
EUR/USD: Resilient pair as ECB waits – MUFG
MUFG’s Derek Halpenny notes EUR/USD has returned to pre-conflict levels despite severe Middle East disruptions and higher energy prices, helped by stable equities and only moderate Oil gains.