Forex News

EUR/USD declines to near 1.0900 on renewed US Dollar demand, US CPI data looms

By Fxstreet

EUR/USD declines to near 1.0900 on renewed US Dollar demand, US CPI data looms

The EUR/USD pair attracts some sellers to near 1.0900, snapping the three-day winning streak during the Asian trading hours on Wednesday.

EURUSD

Majors

Macroeconomics

Yanıtla

Honda agrees to ¥15,000 average monthly wage hike for 2025

News Discussion Forum

By Forex Live

Honda agrees to ¥15,000 average monthly wage hike for 2025

That compares to the union demand of ¥19,500

JPY

Yanıtla

Trump's steel and aluminum tariffs take effect

News Discussion Forum

By Forex Live

Trump's steel and aluminum tariffs take effect

This is the 25% tariffs as what was touted before

Politics

Yanıtla

USD/CAD holds gains near 1.4450 ahead of US CPI data, BoC interest rate decision

News Discussion Forum

By Fxstreet

USD/CAD holds gains near 1.4450 ahead of US CPI data, BoC interest rate decision

USD/CAD maintains its gains after a previous session of losses, trading around 1.4440 during Asian hours on Wednesday.

USDCAD

Majors

Macroeconomics

TradeWar

BOC

Yanıtla

ForexLive Asia-Pacific FX news wrap: EUR/USD drifted back under 1.09 (barely)

News Discussion Forum

By Forex Live

ForexLive Asia-Pacific FX news wrap: EUR/USD drifted back under 1.09 (barely)

Forex news for Asian trading on Wednesday, March 12, 2025

Session wrap

Wrap Asia

Yanıtla

Silver Price Forecast: XAG/USD hovers near $33.00, four-month highs

News Discussion Forum

By Fxstreet

Silver Price Forecast: XAG/USD hovers near $33.00, four-month highs

Silver price (XAG/USD) loses ground after registering gains in the previous session, trading around $32.80 during the Asian hours on Wednesday.

Silver

XAGUSD

Technical Analysis

Commodities

Metals

Yanıtla

GBP/USD trades with negative bias below mid-1.2900s, downside seems limited ahead of US CPI

News Discussion Forum

By Fxstreet

GBP/USD trades with negative bias below mid-1.2900s, downside seems limited ahead of US CPI

The GBP/USD pair edges lower during the Asian session on Wednesday and erodes a part of the previous day's strong move up to over a four-month peak, around the 1.2965 area.

GBPUSD

Inflation

Fed

TradeWar

Currencies

Yanıtla

Breaking: US CPI inflation softens to 2.8% in February vs. 2.9% forecast

News Discussion Forum

By Fxstreet

Breaking: US CPI inflation softens to 2.8% in February vs. 2.9% forecast

The United States (US) Bureau of Labor Statistics (BLS) is set to publish the high-impact Consumer Price Index (CPI) inflation report for February on Wednesday at 12:30 GMT.

EconomicIndicator

EURUSD

SEO

Inflation

Breaking

Yanıtla

Japanese Yen sticks to intraday losses against recovering USD; lacks bearish conviction

News Discussion Forum

By Fxstreet

Japanese Yen sticks to intraday losses against recovering USD; lacks bearish conviction

The Japanese Yen (JPY) continues losing ground against its American counterpart for the second straight day on Wednesday and moves away from the highest level since October touched the previous day.

USDJPY

BOJ

Inflation

TradeWar

SEO

Yanıtla

Toyota has met union pay rise request in full

News Discussion Forum

By Forex Live

Toyota has met union pay rise request in full

Hitachi has also met the request in full

JPY

Yanıtla

16 analyst forecast for the US CPI, headline and core, for February 2025

News Discussion Forum

By Forex Live

16 analyst forecast for the US CPI, headline and core, for February 2025

Consensus is 2.9% y/y and 3.2% y/y respectively (& 0.28% and 0.28% m/m)

Bonds

SPX

Nasdaq

Fed

USD

Yanıtla

USD/INR gathers strength as traders await Indian/US CPI inflation releases

News Discussion Forum

By Fxstreet

USD/INR gathers strength as traders await Indian/US CPI inflation releases

The Indian Rupee (INR) rebounds on Wednesday. The potential foreign exchange intervention from the Reserve Bank of India (RBI) and strong Asian currencies, especially the offshore Chinese Yuan provide some support to the Indian currency.

USDINR

SEO

India

Macroeconomics

EmergingMarkets

Yanıtla

NZD/USD remains subdued near 0.5700 ahead of US CPI data

News Discussion Forum

By Fxstreet

NZD/USD remains subdued near 0.5700 ahead of US CPI data

NZD/USD edges lower after registering gains in the previous session, trading around 0.5710 during the Asian hours on Wednesday.

NZDUSD

Macroeconomics

TradeWar

NewZealand

Majors

Yanıtla

Nissan agrees to a JPY 16,500 average monthly wage increase for 2025.

News Discussion Forum

By Forex Live

Nissan agrees to a JPY 16,500 average monthly wage increase for 2025.

A little less than the 18K asked by the union

JPY

Yanıtla

PM Albanese: Retaliatory measures would only increase costs for Australian consumers and fuel inflation

News Discussion Forum

By Fxstreet

PM Albanese: Retaliatory measures would only increase costs for Australian consumers and fuel inflation

Australia’s Prime Minister (PM) Albanese said on Wednesday that “retaliatory measures would only increase costs for Australian consumers and fuel inflation.” PM Albanese confirmed that “Australia will not impose reciprocal tariffs on the United States (US).” His comments come after US President Donald Trump proceeded with 25% tariffs on all imported steel and aluminium.

Australia

TradeWar

UnitedStates

AUDUSD

Yanıtla

Australia rules out retaliatory tariffs after Trump moves forward with steel duties

News Discussion Forum

By Forex Live

Australia rules out retaliatory tariffs after Trump moves forward with steel duties

Australian Prime Minister Albanese said retaliatory measures would only increase costs for Australian consumers and fuel inflation.

Politics

AUD

Yanıtla

PBOC sets USD/CNY reference rate at 7.1696 vs. 7.1741 previous

News Discussion Forum

By Fxstreet

PBOC sets USD/CNY reference rate at 7.1696 vs. 7.1741 previous

On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1696 as compared to the previous day's fix of 7.1741 and 7.2324 Reuters estimates.

USDCNY

PBOC

CentralBanks

Currencies

Yanıtla

Canada's energy minister says will respond quickly if tariffs come into play

News Discussion Forum

By Forex Live

Canada's energy minister says will respond quickly if tariffs come into play

Canada Energy Minister Jonathan Wilkinson

Oil

Politics

CAD

Yanıtla

News Discussion Forum

By Fxstreet

Australian Dollar depreciates as US Dollar gains ground amid market caution

The Australian Dollar (AUD) weakens against the US Dollar (USD) on Wednesday, weighed down by broad risk aversion.

AUDUSD

SEO

Macroeconomics

TradeWar

Australia

Yanıtla

Japan firms set to offer strong wage hikes for third straight year

News Discussion Forum

By Fxstreet

Japan firms set to offer strong wage hikes for third straight year

Japan’s largest companies are expected to offer substantial wage hikes for a third consecutive year, helping workers cope with inflation and retain staff amid labour shortages, per Reuters.

Japan

Macroeconomics

Yanıtla

WTI recovers above $66.00 on softer US Dollar

News Discussion Forum

By Fxstreet

WTI recovers above $66.00 on softer US Dollar

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.25 during the early Asian session on Wednesday.

Oil

WTI

Commodities

Macroeconomics

Yanıtla

BoJ's Ueda: Higher long-term rates reflecting market views on economy

News Discussion Forum

By Fxstreet

BoJ's Ueda: Higher long-term rates reflecting market views on economy

Bank of Japan Governor Kazuo Ueda said early Wednesday that it is natural for long-term rates to shift in line with the market view on the outlook for short-term policy rates.

BOJ

CentralBanks

InterestRate

Macroeconomics

Yanıtla

Financial Times - Toyota considers exporting from UK to US to ease impact of Trump tariffs

News Discussion Forum

By Forex Live

Financial Times - Toyota considers exporting from UK to US to ease impact of Trump tariffs

Politics

JPY

GBP

Yanıtla

Ukraine agrees to 30-day ceasefire if Russia accepts

News Discussion Forum

By Fxstreet

Ukraine agrees to 30-day ceasefire if Russia accepts

Ukrainian President Volodymyr Zelensky said late Tuesday that Ukraine agreed to a 30-day ceasefire proposed by the United States if Russia accepts the plan, following critical peace talks between US and Ukrainian officials in Saudi Arabia, per CNN.

Ukraine

RussianFederation

Macroeconomics

UnitedStates

Yanıtla

Japan data - February PPI flat at 0% change m/m (expected -0.1%) & +4% y/y (expected 4%)

News Discussion Forum

By Forex Live

Japan data - February PPI flat at 0% change m/m (expected -0.1%) & +4% y/y (expected 4%)

The PPI is also known as the Corporate Goods Price INidex

BOJ

JPY

Change

Yanıtla

Canada warns of oil export restrictions amid escalating trade tensions with US

News Discussion Forum

By Fxstreet

Canada warns of oil export restrictions amid escalating trade tensions with US

Canada’s Energy Minister Jonathan Wilkinson said late Tuesday that the country may impose non-tariff measures, including restrictions on oil exports to the United States if trade tensions with Washington escalate further.

Canada

UnitedStates

TradeWar

Macroeconomics

Yanıtla

EUR/USD rises despite trade war risks as markets pivot to US CPI inflation data

News Discussion Forum

By Fxstreet

EUR/USD rises despite trade war risks as markets pivot to US CPI inflation data

EUR/USD bidders found the gas pedal on Tuesday, bolstering Fiber further and sending the pair back into the 1.0950 level, albeit briefly.

EURUSD

TradeWar

CPI

Inflation

Yanıtla

Houthi terrorists vow to resume attacks on Israeli ships

News Discussion Forum

By Fxstreet

Houthi terrorists vow to resume attacks on Israeli ships

A Houthi spokesman said late Tuesday that they will attack any Israeli ship that violates the group's ban on Israeli ships passing through the Red and Arabian seas, the Bab al-Mandab Strait, and the Gulf of Aden, effective immediately.

MiddleEast

Macroeconomics

Yanıtla

Canada warns of oil export restrictions as trade tensions with U.S. rise

News Discussion Forum

By Forex Live

Canada warns of oil export restrictions as trade tensions with U.S. rise

Canada Energy Minister Jonathan Wilkinson

Oil

Yanıtla

Japan’s Major Firms to Offer Strong Wage Hikes for Third Year

News Discussion Forum

By Forex Live

Japan’s Major Firms to Offer Strong Wage Hikes for Third Year

With Japan's inflation rate at its highest in two years, even hefty wage increases may only offset inflation rather than drive new spending.

JPY

Yanıtla

GBP/USD shrugs off tariff fears as Pound continues to recover ground

News Discussion Forum

By Fxstreet

GBP/USD shrugs off tariff fears as Pound continues to recover ground

GBP/USD extended its recent bullish rally on Tuesday, shrugging off ongoing trade war concerns that are weighing down American market centers.

GBPUSD

TradeWar

CPI

Inflation

Yanıtla

USD/CAD loses ground below 1.4450 ahead of US CPI data, BoC rate decision

News Discussion Forum

By Fxstreet

USD/CAD loses ground below 1.4450 ahead of US CPI data, BoC rate decision

The USD/CAD pair trades in negative territory around 1.4430 during the late American session on Tuesday.

USDCAD

Majors

Macroeconomics

Yanıtla

New Zealand February retail sales data +0.3% m/m and -4.2% y/y

News Discussion Forum

By Forex Live

New Zealand February retail sales data +0.3% m/m and -4.2% y/y

New Zealand Electronic Card Spending

NZD

Yanıtla

Yemen's Houthi terrorists say they'll resume attacks on Israeli ships immediately

News Discussion Forum

By Forex Live

Yemen's Houthi terrorists say they'll resume attacks on Israeli ships immediately

Yemen's Houthis say they'll resume attacks on Israeli ships passing through the Red and Arabian seas, the Bab al-Mandab Strait, and the Gulf of Aden

Oil

Yanıtla

USD/JPY Price Forecast: Rebounds from YTD lows, bulls target 148.00

News Discussion Forum

By Fxstreet

USD/JPY Price Forecast: Rebounds from YTD lows, bulls target 148.00

The USD/JPY rises as trade tensions loom due to back-and-forth tariff rhetoric between Canada and the United States (US), which initially weighed on the US Dollar.

USDJPY

Currencies

Technical Analysis

Yanıtla