Makro

The AUD/USD pair continues with its struggle to conquer the 0.7200 mark and drifts lower following the release of Australian consumer inflation figures during the Asian session on Wednesday.

Australia’s Consumer Price Index (CPI) climbed by 4.6% year-over-year (YoY) in March, compared to a 3.7% increase reported in the previous reading, the latest data published by the Australian Bureau of Statistics (ABS) showed on Wednesday.

The USD/JPY pair struggles to capitalize on the previous day's goodish rebound from sub-159.00 levels, or a one-week low, and oscillates in a narrow band during the Asian session on Wednesday.

The EUR/USD pair trades in negative territory around 1.1715 during the early Asian session on Wednesday. Uncertainty over a potential Middle East ceasefire continues to boost a safe-haven currency such as the US Dollar (USD) against the Euro (EUR).

GBP/USD eased 0.12% on Tuesday, closing near 1.3520 and continuing the broader consolidation around 1.3500 that has held through recent sessions.

USD/JPY traded in a tight 80-pip range on Tuesday, closing near 159.62 after the session touched a low of 158.96 in early Asia and a high of 159.79 late in the New York session.

NZD/USD slipped 0.4% on Tuesday, closing near 0.5885 after a session high close to 0.5925 and a fresh rejection from the 0.5900 handle.

AUD/USD posted a near-flat close on Tuesday, settling around 0.7180 after a session that traded within a roughly 70-pip range between 0.7130 and 0.7200.

Standard Chartered strategists Christopher Graham and John Davies highlight that growing labour market slack and fragile domestic demand should limit second-round inflation effects in the United Kingdom (UK).

Active lawsuits in Michigan and Wisconsin are targeting sections of Enbridge’s Line 5 pipeline over environmental concerns in a complex and ever-expanding legal fight. Michigan has an active state-court lawsuit against Enbridge, while in Wisconsin, the Bad River Band of Lake Superior Chippewa and en

The Euro (EUR) trims a part of its intraday losses against the US Dollar (USD) on Tuesday as the Greenback loses momentum, with traders repositioning ahead of the Federal Reserve’s (Fed) interest rate decision due on Wednesday, while continuing to monitor developments in the Middle East.

USD/CAD climbs 0.33% on Tuesday, settling close to 1.3670 after a steady grind higher off Monday's intraday low near 1.3600.