Silver (XAG/USD) retreats slightly from the weekly high set earlier during the Asian session this Wednesday and currently trades just below mid- $76.00s, still up over 4.5% for the day.
The Japanese Yen (JPY) trades significantly higher against the US Dollar (USD) on Wednesday, with the USD/JPY pair sliding 0.75% to near 158.40 during the Asian trading session.
Indonesia Foreign Reserves: $148.2 (March) vs previous $151.9
The AUD/USD pair surges 1.2% to near 0.7060 in the Asian trading session on Wednesday.
EUR/USD extends its winning streak for the third successive day, trading around 1.1670 during Asian hours on Wednesday. The daily chart technical analysis indicates a bullish reversal as the pair is rising above the descending channel pattern.
Reserve Bank of New Zealand’s (RBNZ) new Governor Anna Breman presents the prepared remarks on the policy statement and responds to media questions at the press conference after the April monetary policy announcement.
The NZD/USD pair turns positive for the third straight day following a modest Asian session dip to the 0.5700 mark and rallies to a nearly two-week top on Wednesday in reaction to the US-Iran ceasefire news.
The AUD/JPY cross gathers strength to around 111.80 during the Asian trading hours on Wednesday. The Australian Dollar (AUD) edges higher against the Japanese Yen (JPY) amid improved risk sentiment.
Israeli Prime Minister (PM) Benjamin Netanyahu said during Asian trading hours on Wednesday that the nation supports United States (US) President Donald Trump’s decision to suspend attacks on Iran for two weeks, subject to Iran opening the Strait of Hormuz and stopping attacks, Israeli media reporte
In a telephonic interview with Agence France-Presse (AFP) after the announcement of the ceasefire between the United States (US) and Iran, US President Donald Trump touted that the truce with Iran is a “total and complete victory”.
AUD/NZD trades around 1.2170 during the Asian hours on Wednesday, halting its winning streak that began on March 30.
New Zealand RBNZ Interest Rate Decision meets forecasts (2.25%)
