Trading news

USD/CHF posted back-to-back bullish days on Wednesday, rising by over 0.25% after the latest US inflation report and as high energy prices pushed US Treasury yields higher, consequently the US Dollar. At the time of writing, the pair trades near 0.7800.

Tatha Ghose at Commerzbank highlights rising political uncertainty in Poland, including potential vetoes of defence-related EU funding legislation and a hard-right opposition candidate for 2027.

Gold (XAU/USD) prices edge lower on Wednesday amid broad US Dollar (USD) strength following the release of US inflation data, which maintained the status quo.

The Euro (EUR) edges lower against the US Dollar (USD) on Wednesday as the Greenback remains well supported amid cautious market sentiment driven by the ongoing US-Iran war.

ABN AMRO economists see the Dutch economy broadly mirroring Eurozone dynamics under Iran conflict scenarios, with transmission mainly via higher inflation rather than deep growth damage.

The USD/CAD pair is trading near the 1.3580 level, regaining its footing in Wednesday's American session after the International Energy Agency (IEA) agreed to release 400 million barrels of oil to address the supply disruption from the Iran war.

Silver (XAG/USD) trades lower on Wednesday, hovering around $85.30 at the time of writing, down 2.12% on the day. The precious metal struggles to extend its recent gains as a rebound in the US Dollar (USD) and higher US Treasury yields weigh on demand for non-yielding assets.

United States 10-Year Note Auction increased to 4.217% from previous 4.177%

Standard Chartered’s Bader Al Sarraf now expects the Central Bank of Egypt to keep policy rates at 19% through FY26, postponing earlier plans for near-term easing. The bank still forecasts a 13% policy rate by end-2026, assuming conditions stabilise.

USD/JPY extends gains on Wednesday as the Japanese Yen (JPY) remains under pressure amid concerns over Oil supply disruptions linked to the US-Iran war, as Japan relies heavily on imported energy, particularly from the Middle East.

NZD/USD trades lower on Wednesday, hovering around 0.5910 at the time of writing and down 0.38% on the day. The Kiwi remains under pressure as investors stay cautious amid persistent risk aversion in global markets, driven by escalating geopolitical tensions in the Middle East.

The Pound Sterling remains firm during the North American session, even though the Middle East conflict entered its twelfth day of hostilities. Inflation in the US boosted the Greenback’s prospects, yet GBP/USD trades at around 1.3400, virtually unchanged.

Isabel Schanbel, member of the executive board of the European Central Bank (ECB), said that they must monitor the persistence of the energy price shock in Europe and stay vigilant for upside inflation risks in a speech at the Frankfurt School of Finance and Management Centre for Central Banking in

French President Emannuel Macron said that they will engage with several countries to limit measures to restrict exports, adding that there's obviously a need for a definition of military and political objectives in the war in Iran at a G7 leaders' video conference on Wednesday.

Commerzbank’s Tatha Ghose says Hungarian inflation has fallen back within target on core measures, validating the MNB’s earlier rate cut and dovish pivot.

ING strategists Michiel Tukker and Benjamin Schroeder say Euro rates remain highly sensitive to energy dynamics, with European Central Bank hikes still priced for 2026.

EUR/GBP remains under pressure on Wednesday, with the Euro (EUR) extending its decline against the British Pound (GBP) for a fifth consecutive day as traders reassess the monetary policy outlook for the European Central Bank (ECB) and the Bank of England (BoE) amid rising concerns about an Oil-drive

RBC Economics notes Canada’s Oil and gas sector is smaller than a decade ago but still important for GDP and exports. Higher Oil prices lift corporate profits and royalties but squeeze household purchasing power.

OCBC strategists Christopher Wong and Sim Moh Siong note the Australian Dollar outperformed as global risk sentiment improved and the Reserve Bank of Australia turned more hawkish. OIS pricing now assigns a higher probability to a March rate hike, though OCBC still expects the next move in May.

The International Energy Agency (IEA) announced that its 32 member countries unanimously agreed to make 400 million barrels of Oil from their emergency reserves available to the market, notes Reuters. The proposed move represents the largest coordinated release of strategic Oil reserves in history.