Trading news

USD/CHF loses ground for the second successive day, trading around 0.7800 during the Asian hours on Wednesday. The pair declines as the US Dollar (USD) weakens amid rising optimism that Washington could secure a deal with Iran.

The USD/JPY pair falls to around 156.15 during the early European session on Wednesday. The Japanese Yen (JPY) strengthens on suspected massive government interventions aimed at curbing its weakness against the US Dollar (USD).

India HSBC Services PMI rose from previous 57.9 to 58 in April

India HSBC Composite PMI down to 58.2 in April from previous 58.3

India HSBC Services PMI climbed from previous 57.9 to 58.8 in April

India HSBC Services PMI climbed from previous 57.9 to 58.7 in April

The AUD/JPY cross tumbles to near 112.75 during the early European session on Wednesday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) on suspected interventions from Japanese authorities. 

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some follow-through sellers for the second straight day and drops to a one-week low during the Asian session on Wednesday.

Gold prices rose in India on Wednesday, according to data compiled by FXStreet.

USD/INR extends losses for the second successive day, trading around 95.00 during the Asian hours on Wednesday. Traders will likely observe India’s HSBC Composite and Services Purchasing Managers' Index (PMI) data to be released later in the day.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 98.30 during the Asian trading hours on Wednesday. The DXY attracts some sellers due to easing tensions in the Middle East.

The AUD/USD pair is seen building on the previous day's bounce from the 0.7135 region, or the weekly low, and gaining strong follow-through positive traction for the second straight day on Wednesday.

Gold (XAU/USD) gains some follow-through positive traction for the second straight day on Wednesday and recovers further from a more than one-month low, around the $4,500 mark, touched at the start of this week.

Silver price (XAG/USD) rises after two days of losses, trading around $75.20 per troy ounce during the Asian hours on Wednesday.

The USD/JPY pair loses ground to around 157.65 during the Asian trading hours on Wednesday. The US Dollar (USD) weakens against the Japanese Yen (JPY) after US President Donald Trump announces a pause on 'Project Freedom' in the Strait of Hormuz.

China's Services Purchasing Managers' Index (PMI) rose to 52.6 in April from 52.1 in March, the latest data published by RatingDog showed on Wednesday.  

China RatingDog Services PMI climbed from previous 52.1 to 52.6 in April

USD/CAD extends its losses for the second successive day, trading around 1.3600 during the Asian hours on Wednesday. The pair retreats as the US Dollar (USD) softens on reduced safe-haven demand, driven by rising optimism over a potential deal with Tehran.

The GBP/USD pair attracts buyers for the second consecutive day on Wednesday and moves away from the weekly low, around the 1.3515-1.3510 area, which was touched the previous day.

The EUR/USD pair attracts some buyers to around 1.1720 during the Asian trading hours on Wednesday, bolstered by improved risk sentiment. US President Donald Trump said the Project Freedom and movement of ships through the Strait of Hormuz had paused.