FT report

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The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, ticks up to 103.67 at the time of writing on Wednesday. The surge in the Greenback came on the back of a steep pop of over 5% in the USD

Forex news from the European morning session on Mar 19, 2025

A couple of notes before the main event later in the day

The USD/CAD pair rises to near 1.4330 in European trading hours on Wednesday.

The USD/CAD pair rises to near 1.4330 in European trading hours on Wednesday.

Latest data from the Mortgage Bankers Association for the week ending 14 March 2025

USD/CAD is holding above its 100-day moving average at 1.4247, BBH's FX analysts report.

NZD/USD retraced some of this week’s gains on USD strength, BBH's FX analysts report.

US Dollar (USD) is expected to trade between 7.2200 and 7.2430 vs Chinese Yuan (CNH).

The USD/CHF pair attracts bids near the three-month low of 0.8750 during European trading hours on Wednesday.

The Bank of Japan (BOJ) delivered a cautious hold and warns against a weaker Japanese Yen (JPY), BBH's FX analysts report.

US Dollar (USD) has likely entered a 148.80/149.90 range trading phase vs Japanese Yen (JPY).

EUR/USD corrects to near 1.0900 in Wednesday’s New York session after posting a fresh five-month high near 1.0955 the previous day.

EUR/USD falls sharply to slightly below 1.0900 in Wednesday’s European session after posting a fresh five-month high near 1.0955 the previous day.

Latest data released by Eurostat - 19 March 2025

The United States (US) Federal Reserve (Fed) will announce monetary policy decisions and publish the revised Summary of Economic Projections (SEP), the so-called dot plot, following the March policy meeting on Wednesday.

Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.

Gold’s price (XAU/USD) is back to flat around $3,035 at the time of writing on Wednesday after stretching higher and hitting a new all-time high at $3,045 earlier in the day. The positive move came after headlines emerged that authorities detained Istanbul mayor Ekrem Imamoglu, President Tayyip Erdogan's main political rival, on charges including corruption and aiding a terrorist group.

Gold’s price (XAU/USD) corrects slightly lower to near $3,030 at the time of writing on Wednesday after stretching higher and hitting a new all-time high at $3,045 earlier in the day.

EUR/USD is down near 1.0900, reflecting the broad bounce in USD, BBH FX analysts report.

USD/JPY has embarked on a rebound after forming a trough at 146.50 recently, Société Générale's FX analysts note.

Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Wednesday, according to FXStreet data.

Silver price (XAG/USD) retreated after reaching a five-month high of $34.23 on Tuesday, trading around $33.70 per troy ounce during European hours on Wednesday.

New Zealand Dollar (NZD) is likely to trade in a range between 0.5790 and 0.5840.

EUR/USD consolidated above the 1.09 mark after the German Bundestag approved the large fiscal package with a 2/3 majority, Danske Bank's FX analyst Jens Nærvig Pedersen reports.

Ceasefire? What ceasefire?

Australian Dollar (AUD) is likely to consolidate between 0.6340 and 0.6385.

The NZD/USD pair meets with some supply on Wednesday and moves away from the year-to-date (YTD) top, around the 0.5830 region touched the previous day.

The NZD/USD pair meets with some supply on Wednesday and moves away from the year-to-date (YTD) top, around the 0.5830 region touched the previous day.

GBP/USD broke the key 1.300 resistance yesterday on the back of USD weakness, ING's FX analyst Francesco Pesole notes.

Pound Sterling (GBP) is expected to rachet higher in an uneven manner between 1.2955 and 1.3030.

The US Dollar (USD) enters FOMC day with a good deal of bearish momentum.

USD/TRY retreats from its record high of 41.70, reached during early European trading hours on Wednesday, hovering around 38.70 at the time of writing.

USD/TRY retreats from its record high of 41.70, reached during early European trading hours on Wednesday, hovering around 38.70 at the time of writing.

Euro (EUR) could trade in a choppy manner between 1.0905 and 1.0970 vs US Dollar (USD).

As widely expected, the German Bundestag approved the debt break constitutional change yesterday.

As widely expected, the German Bundestag approved the debt break constitutional change yesterday.