The NZD/USD pair extends its steady descent for the second consecutive day and drops to the 0.5800 mark during the early part of the European session on Wednesday.
West Texas Intermediate (WTI) oil price gains ground after two days of losses, trading around $88.00 per barrel during the early European hours on Wednesday.
Here is what you need to know on Wednesday, March 25:
TD Securities strategists argue that US Dollar upside should persist while global risk premia stay elevated, even though their longer-term 2026 view remains bearish.
United Kingdom Producer Price Index - Input (MoM) n.s.a above forecasts (0.5%) in February: Actual (0.7%)
United Kingdom Producer Price Index - Input (YoY) n.s.a came in at 0.5%, above forecasts (0.4%) in February
United Kingdom PPI Core Output (YoY) n.s.a dipped from previous 2.9% to 1.9% in February
United Kingdom Producer Price Index - Output (MoM) n.s.a below forecasts (0.2%) in February: Actual (-0.5%)
The United Kingdom (UK) headline Consumer Price Index (CPI) rose 3.0% over the year in February, at the same pace as seen in January, the data released by the Office for National Statistics (ONS) showed on Wednesday.
Danske Research Team highlights that EUR/USD traded around 1.16 with Germany Ifo survey is due.
The GBP/USD pair once again faces rejection near a technically significant 200-day Simple Moving Average (SMA) and turns lower for the second consecutive day on Wednesday.
United Kingdom Producer Price Index - Input (MoM) n.s.a came in at 0.8%, above expectations (0.5%) in February
